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    2350 Central Park Ave Yonkers, NY 10710
    Property profile & analytics

    2350 Central Park Ave Yonkers, NY 10710

    View on Map
    • Lifestyle centers
    • 8,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • M&H Home Outlet Furniture / Furniture & Home Goods
    • Ashley Store / Furniture & Home Goods / Home Decor Store
    • Mattress Firm Clearance Center Yonkers / Furniture & Home Goods
    • Mai Nails Lounge / Nail Salon
    • Petco / (Bike/Boat/Book/etc) Store / Pet Store & Service

    Property Details for 2350 Central Park Ave

    Property size
    8,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 8,000-square-foot retail space is available for lease in a prime Yonkers, New York location. Situated at 2350 Central Park Ave, in Westchester County (zip code 10710), this single-tenant property presents a unique opportunity for businesses seeking high visibility and accessibility. The entire building is currently vacant, offering a blank canvas for a prospective tenant to customize the space to their exact specifications. The property is classified as a shopping center and offers significant potential for a variety of retail uses. Its location in Yonkers provides easy access to a substantial customer base, benefiting from high traffic volume on Central Park Avenue. The property's size allows for a large-scale retail operation or the potential for division into smaller units (subject to approvals). This is an ideal opportunity for a business looking to establish a strong presence in a thriving Westchester County market. The property's address is easily accessible and offers ample parking for customers and employees. Further details regarding lease terms and conditions are available upon request. This is a rare opportunity to secure a significant retail space in a desirable location. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8289
    Latitude
    40.9776

    Comparable in this City

    • Value Estimation by Request
      26,975 SF

      2270 Central Park Ave

      Lifestyle centers • 26,975 SF
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    • Value Estimation
      $960,000
      39,592 SF

      1857 Central Park Ave

      MINI-MALL • 39,592 SF
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    • Value Estimation
      $1,860,000
      50,321 SF

      2141 Central Park Ave

      MINI-MALL • 50,321 SF
      2141 Central Park Ave, Yonkers, NY 10710-1831
      View Details
    • Value Estimation
      $1,070,000
      35,850 SF

      2323 Central Park Ave

      MINI-MALL • 35,850 SF
      2323 Central Park Ave, Yonkers, NY 10710-1421
      View Details
    • Value Estimation
      $3,095,000
      102,704 SF

      100 Rdg Hl Blvd

      MINI-MALL • 102,704 SF
      100 Rdg Hl Blvd, Yonkers, NY 10710-7700
      View Details
    • Value Estimation
      $4,675,000
      246,395 SF

      601 Sprain Rd

      MINI-MALL • 246,395 SF
      601 Sprain Rd, Yonkers, NY 10710-2211
      View Details

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    Yonkers, NY 10710
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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