409 Manville RdPleasantville, NY 10570

Property Details for 409 Manville Rd

Year built

1965

Lot size

0.55 AC

Property size (Sq ft)

13,504 SF

Zone code

07 - MIXED

Property type

Office properties

Property subtype

Office buildings

APN

553403 106.5-2-66

APU

5534031065266

Description

This exceptional two-story, 13,520-square-foot creative office building in Pleasantville, NY, is offered for sale for the first time in 25 years. Situated on a 0.76-acre lot with convenient access to NY Route 117 (9,300+ daily traffic count), this property boasts a prime downtown location. The building, originally constructed in 1962 and extensively renovated in 1999 and 2014, features modern office spaces, private offices, workstations, and conference rooms of varying sizes. Ceiling heights range from 12 to 14 feet, providing a spacious and airy atmosphere. Currently corporately owned and occupied, approximately 8,500 square feet will be vacated by October 2024, unless otherwise agreed upon by the buyer and seller. The building's strategic location offers easy access to the Metro North Train Station, shopping, restaurants, theater, and bus routes, as well as convenient access to the Saw Mill River Parkway and Taconic State Parkway. On-site parking is available. The property is zoned RO-2. The asking price is $4,500,000, translating to $332.84 per square foot. This presents a unique opportunity to acquire a well-maintained, highly visible commercial property in a thriving Westchester County location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,232,614

  6.5%

  $2,060,875

  7%

  $1,913,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,764,433

  Geo Method

  $1,764,433

• Alternative Use

  Use

  Valuation

  Residential

  $2,555,485

  Hospitality

  $2,340,810

  Educational

  $1,947,527

  Medical

  $2,014,505

  Retail

  $3,029,486

Location Insight

City

Pleasantville

County

Westchester

State

New York

Latitude

41.1351

Longitude

-73.7941

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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