For Sale
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Property summary
This exceptional 144,000 square foot office/flex building, situated on over six acres in Pleasantville, NY, presents a unique investment opportunity. The three-story building, constructed in 1940 and renovated in 1980, boasts 75 units and is currently 100% vacant, offering immediate potential for redevelopment or repositioning. Located in the C-O Campus Office District, the property features 270 parking spaces, three loading docks, and four dock-high doors. The interior includes a 13-foot ceiling height, poured concrete floors with steel I-beams, and a robust infrastructure including a 950kW backup generator, a 40kW life safety generator, a fully updated Simplex fire alarm system, and a dual domestic water system with two cooling towers and a York 425-ton centrifugal chiller. Further enhancing its appeal are the raised floor, Liebert climate-controlled data center, main distribution frame room with dedicated climate control for 1000 connections, dual feeds for phone, internet, and sprinklers, and six intermediate distribution frame rooms, each with individual climate control. Security is ensured with approximately 40 security cameras, card access, and an intrusion detection system. The property's prime location offers easy access to the Pleasantville Train Station, Sawmill River Parkway, and Taconic State Parkway, and is surrounded by upscale residential communities. Given its proximity to major roadways, downtown Pleasantville, and three major grocery store chains, this property is ideally positioned for a variety of uses, including redevelopment into for-sale townhomes, given the high demand and recent sales of comparable properties in the million-dollar range. The average household income within a three-mile radius exceeds $168,000, and the average home value is $746,591.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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