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    14-16 Chatsworth Ave Larchmont, NY 10538
    Property profile & analytics

    14-16 Chatsworth Ave, Larchmont, NY 10538

    View on Map
    • Investment properties
    • 3,573 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US63-3952533
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 14-16 Chatsworth Ave

    Year built
    1930
    Lot size
    0.17 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    553201 6-13-278
    APU
    553201613278

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 11, 2020 $410,000 Charlotte Robb James T Baker Grant Deed $328k · Wells Fargo Bk
    May 7, 2010 — Lenney Lifetime Qtip Lenney,ronald J & Leah Quit Claim Deed · related —
    Dec 31, 2009 $325,000 Ronald Lenney Brown,stephen J Grant Deed —
    Aug 31, 2009 $360,750 Gay B Prizio Luhman,david W & Meaghan Grant Deed $250k · Provident Bank INC
    Aug 11, 2009 $300,000 David W Iles Ormond,william Grant Deed —
    Mar 10, 2009 — Esther Alpert Alpert Seymour Quit Claim Deed · related —
    Jan 16, 2009 — Gross Brothers 14-16 LLC Gross,barbara Quit Claim Deed —
    Mar 28, 2008 — Norman Gross Gross Irving Quit Claim Deed · related —
    Jul 10, 2006 — Hotte Family Qualified Persona Hotte,e Roger Quit Claim Deed · related —
    Mar 15, 2006 — David W Luhman Luhman,meaghan Quit Claim Deed · related —
    Jul 5, 2005 $205,000 Peter J Simone Simone,james Grant Deed · related $210k · Greenpoint Mortgage Funding
    May 3, 2005 $750,000 John W Irving III Grusby,greg E & Kristine K Grant Deed $563k · Flagstar Bank Fsb
    Sep 28, 2004 $590,000 David Boyle Hurwitz,diane B Grant Deed $472k · Citimortgage INC
    Sep 20, 2004 $195,000 Apj Realty Brigantino,john Grant Deed —
    Jul 29, 2004 $995,000 Edward O'reilly Sherman,warren & Ferne K Grant Deed —
    Apr 20, 2004 $182,000 Masaru Tsumita Eccles,charles C & Cassandra R Grant Deed $146k · Wells Fargo Home Mortgage INC
    Jan 29, 2004 $178,190 Richard Arroyo Weiss,ethel C Grant Deed $170k · Cendant Mortgage Corp
    — — Juan P Marino — Deed Of Trust · related $520k · J P Morgan Chase Bank
    — — Indra Chandra — Deed Of Trust · related $67k · Charter One Bank
    — — Maria E Bartoli — Deed Of Trust · related $100k · Citicorp Trust Bank Fsb
    — — Michael Scully — Deed Of Trust · related $60k · Fleet National Bank
    — — John Brigantino — Deed Of Trust · related $157k · Wells Fargo Home Mortgage INC
    — — Richard Land — Deed Of Trust · related $2k · Indymac Bank Fsb
    — — George Hermann — Deed Of Trust · related $70k · Emigrant Mortgage
    — — Richard Arroyo — Deed Of Trust · related $10k · Washington Mutual Fsb
    — — Juan P Marino — Deed Of Trust · related $65k · J P Morgan Chase Bank
    — — Linda Jackson — Deed Of Trust · related $334k · Hsbc Mortgage Corp (usa)
    — — Luke Vaccaro — Deed Of Trust · related $4k · Hsbc Mortgage Corp (usa)
    — — William E Mahoney — Deed Of Trust · related $320k · Flagstar Bank Fsb
    — — E A Gabel — Deed Of Trust · related $175k · Citimortgage INC
    — — Claudia Useda — Deed Of Trust · related $200k · J P Morgan Chase Bank
    — — Kathryn Almquist — Deed Of Trust · related $4k · Washington Mutual Fsb
    — — William Ormond — Deed Of Trust · related $103k · J P Morgan Chase Bank
    — — John W Irving III — Deed Of Trust · related $200k · Citibank NA
    — — John W Irving III — Deed Of Trust · related $680k · Citibank NA
    — — William Ormond — Deed Of Trust · related $75k · J P Morgan Chase Bank
    — — David W Luhman — Deed Of Trust · related $71k · Wells Fargo Bank
    — — Richard Land — Deed Of Trust · related $250k · Citibank
    — — Lydia James — Deed Of Trust · related $338k · Greenpoint Mortgage Funding
    — — William E Mahoney — Deed Of Trust · related $75k · Fleet National Bank
    — — Michele S Delio — Deed Of Trust · related $300k · Equity Now
    — — Luke Vaccaro — Deed Of Trust · related $60k · Hsbc Mortgage Corp (usa)
    — — Michael Scully — Deed Of Trust · related $60k · Fleet National Bank
    — — Margaret Foley — Deed Of Trust · related $70k · Citibank NA
    — — Jason Pisani — Deed Of Trust · related $35k · Citibank NA
    — — Kathleen O'connor — Deed Of Trust · related $308k · Wells Fargo Bank
    — — Stanley D Patchen — Deed Of Trust · related $500k · Wachovia Bank NA
    — — James J Simone — Deed Of Trust · related $289k · Hsbc Mortgage Corp (usa)
    — — Melanie M Soto — Deed Of Trust · related $50k · J P Morgan Chase Bank
    — — Melanie M Soto — Deed Of Trust · related $228k · J P Morgan Chase Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $865,000
      6.5%
      $795,000
      7%
      $740,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Larchmont
    County
    Westchester
    State
    New York
    Longitude
    -73.7517
    Latitude
    40.9295
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $480,000
    $640,000
    $1,120,000
    -
    $480,000
    $640,000
    $1,120,000

    Comparable in this City

    • Value Estimation by Request
      224 SF

      6 Railroad Waya

      OFFICE/RESIDENTIAL (MIXED USE)
      6 Railroad Waya, Larchmont, NY 10538-3005
      View Details
    • Value Estimation
      $605,000
      3,948 SF

      2118 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2118 Boston Post Rd, Larchmont, NY 10538-3767
      View Details
    • Value Estimation
      $815,000
      5,397 SF

      2081 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2081 Boston Post Rd, Larchmont, NY 10538-3701
      View Details
    • Value Estimation by Request
      3,185 SF

      2126th Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      2126th Boston Post Rd, Larchmont, NY 10538-3616
      View Details
    • Value Estimation
      $500,000
      3,335 SF

      19 Locust Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      19 Locust Ave, Larchmont, NY 10538-3820
      View Details
    • Value Estimation
      $2,445,000
      18,620 SF

      2001 Palmer Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2001 Palmer Ave, Larchmont, NY 10538-2468
      View Details

    Similar Nearby for Sale

    • $1,099,000

      Larchmont Mixed-Use Investment Opportunity

      Fully renovated mixed-use property in a high-traffic Larchmont corridor.
      2410 Boston Post Rd, Larchmont, NY 10538
      View Details
    • Contact for pricing
      Pending

      Larchmont Properties on Boston Post

      Two parcels on Route 1, high visibility, investment opportunity.
      2500 Boston Post Rd, Larchmont, NY 10538
      View Details
    • $1,100,000
      0.11 Acres

      Spacious Larchmont Two-Family House

      Rare two-family house in prime Larchmont location.
      5 Dillon Rd, Larchmont, NY 10538
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      14,375 SF

      Larchmont Office Space Available

      Well-maintained office space in the heart of Larchmont.
      2039 Palmer Ave, Larchmont, NY 10538
      View Details
    • $4,500 /Mo

      Larchmont Prime Office Space

      Ground-floor office space near Larchmont Metro-North station.
      20 North Ave, Larchmont, NY 10538
      View Details
    • $4,500 /Mo

      Larchmont Office Space Near Station

      Prime ground-floor office space near Larchmont Metro-North station.
      20 North Ave, Larchmont, NY 10538
      View Details
    • Contact for pricing
      4,373 SF

      Retail Space in Larchmont, NY

      Retail space available in affluent Westchester County village.
      1328 W Boston Post Rd, Larchmont, NY 10538
      View Details
    • Contact for pricing
      3,277 SF

      Retail Space in Larchmont Village

      Retail space available in affluent Larchmont, Westchester County.
      1330 Boston Post Rd, Larchmont, NY 10538
      View Details
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    Larchmont, NY 10538
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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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