Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2440 Central Park Ave Yonkers, NY 10710-1125

    • Retail space
    • 7,802 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2052602
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 2440 Central Park Ave

    Year built
    1960
    Lot size
    0.22 lot acres
    Property size
    7,802 SF
    Zone code
    BR
    Property type
    Retail space
    APN
    551800 4.-4856-23.29
    APU
    551800448562329

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,170,000
      Market price range: $542k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $985,000
      Current use
      AUTO REPAIR, GARAGE
      $1,430,000
      Change: +45% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,000,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $925,000
      Change: -6% Conversion: Easy
      MEDICAL BUILDING
      $835,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8294
    Latitude
    40.9808
    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
    $60,553
    $19,000
    $28,128
    $47,128
    -
    $1,061,453
    $1,571,397
    $2,632,850

    Comparable in this City

    • Value Estimation
      $2,645,000
      14,580 SF

      2455 Central Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,580 SF
      2455 Central Park Ave, Yonkers, NY 10710-1138
      View Details
    • Value Estimation
      $510,000
      1,536 SF

      2112 Central Park Ave

      SHOW ROOM, WAREHOUSE • 1,536 SF
      2112 Central Park Ave, Yonkers, NY 10710-1858
      View Details
    • Value Estimation
      $1,530,000
      5,820 SF

      1568 Central Park Ave

      SHOW ROOM, WAREHOUSE • 5,820 SF
      1568 Central Park Ave, Yonkers, NY 10710-6001
      View Details
    • Value Estimation by Request
      2,500 SF

      1808 Central Park Ave

      FINANCIAL BUILDING • 2,500 SF
      1808 Central Park Ave, Yonkers, NY 10710
      View Details
    • Value Estimation by Request
      56,000 SF

      1715 Central Park Ave

      Restaurants • 56,000 SF
      1715 Central Park Ave, Yonkers, NY 10710
      View Details
    • Value Estimation
      $960,000
      3,450 SF

      638 Saw Ml Riv Rd

      SHOW ROOM, WAREHOUSE • 3,450 SF
      638 Saw Ml Riv Rd, Yonkers, NY 10710
      View Details

    Similar Nearby for Sale

    • $125,000

      Established Laundromat Business Opportunity

      Profitable laundromat with growth potential in high-traffic location.
      1688 Central Park Ave, Yonkers, NY 10710
      View Details
    • New
      $1,050,000
      0.15 Acres

      Yonkers Commercial Building on Central Park

      Vacant corner commercial building with high visibility and parking.
      2132 Central Park Ave, Yonkers, NY 10710
      View Details
    • $749,000
      Pending

      Two-Family Home with Storefront

      Two-family home with attached store near Saw Mill River Pkwy.
      284 Tompkins Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      16,553 SF

      Yonkers Restaurant & Bar Sale

      Established Bar/Restaurant, High Potential
      1275 Saw Mill River Rd, Yonkers, NY 10710
      View Details
    • Contact for pricing
      16,553 SF

      Yonkers Retail Property Available

      Retail property in Yonkers, New York, with significant local population.
      1271 Saw Mill River Rd, Yonkers, NY 10710
      View Details
    • $2,190,000
      9,492 SF

      Yonkers Industrial Building - Great Visibility

      High-Visibility Industrial Space, Excellent Location
      590 Tuckahoe Rd, Yonkers, NY 10710
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      825 SF

      Yonkers Retail Space Available

      Retail space available for lease in Yonkers, New York.
      1587 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      1,875 SF

      Retail Space in Busy Center

      Retail storefronts available in highly trafficked shopping center.
      1759-1777 Central Park Ave, Yonkers, NY 10710
      View Details
    • $40 SF/Yr

      Retail Space on Tuckahoe Road

      Retail space for lease with great visibility on Tuckahoe Road.
      35 Tuckahoe Rd, Yonkers, NY 10710
      View Details
    • Contact for pricing
      8,000 SF

      Yonkers Retail Space Available

      Retail space available for rent in Yonkers, New York.
      2550 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      1,300 SF

      Yonkers Gateway Center Retail Space

      Premier regional shopping center in Yonkers, NY for lease.
      2500-2540 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      20,500 SF

      Yonkers Retail Space Available

      Retail space in Yonkers with high ceilings available for rent.
      2700 Central Park Ave, Yonkers, NY 10710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2440 Central Park Ave
    Yonkers, NY 10710-1125
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.