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    Property profile & analytics
    OFF-MARKET Estimated value $1,190,000
    Investment properties

    245 Secor Rd, Hartsdale, NY 10530-2130

    0.43 ac lot
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US63-1204608
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Lot 0.43 ac (18,731 SF)
    Zoning code R-7.5
    APN 552689 8.170-103-6
    UPID US63-1204608
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.29M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.19M
    Owner & transaction history
    245 Secor Road Realty Corp · 5 yrs held
    245 Secor Road Realty Corp
    since 2021
    Last sale
    $1.1M
    1 recorded transaction
    2021
    $1.1M
    Zoning & alternative use
    R-7.5 · Hartsdale, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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