245 Secor Rd, Hartsdale, NY 10530-2130
This exceptional 1.1-acre property in Hartsdale, NY, presents a unique development opportunity. Located at 245 Secor Road, 10530, this land is already subdivided into four approved residential building lots situated on a private cul-de-sac. Each lot offers ample space to construct a home of approximately 2,800 square feet, including a full basement and a sizable backyard. The property benefits from existing approvals for road access and utilities, streamlining the development process. The highly desirable Ardsley School District location further enhances the appeal and potential for high returns. Given the current scarcity of land and new construction in Westchester County, and the strong market demand for new homes, particularly in this area, this offering presents a compelling investment opportunity for developers seeking to capitalize on a supply-constrained market. New construction homes in this area consistently sell in the mid-$1 million range, indicating significant potential for profitability. The fee simple ownership provides complete control and flexibility for the future development of this prime residential land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-7.5 · Hartsdale, NYHartsdale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.