Property profile

3 W Main St Elmsford, NY 10523

FOR LEASE
Office buildings
Property ID
US63-1657635
38,000 SF 1.65 ac lot Built 1986
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, totaling 38,000 square feet, presents a fantastic opportunity in Elmsford, NY. Located at 3 W Main St., zip code 10523, this Class B property boasts a convenient location near the Saw Mill River Parkway, at the intersection of Routes 119 and 9A, offering easy access for commuters. Built in 1986, the building features ample parking with 140 spaces available for tenants and visitors. Currently, there are multiple tenancies, with 3,724 square feet of immediately available space, divisible into units ranging from 2,004 to 3,724 square feet. The building offers both executive and traditional office suites, catering to diverse business needs. Modern amenities include 24/7 access, a controlled door access system, and individual HVAC units. Utilities are provided by Con Edison, offering direct electric and gas service. This well-maintained property provides a comfortable and efficient workspace in a highly accessible location. The building's strategic placement and abundant parking make it an ideal choice for businesses seeking a productive and convenient office environment in Westchester County. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 38,000 SF
Lot 1.65 ac (71,874 SF)
Zoning code LI
APN 552605 5.20-16-3
UPID US63-1657635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Law Firm
  • Landscaping General Contractor
  • Training Center
  • Business Service Center

Location

3 W Main St Elmsford, NY 10523
Elmsford metro Census 11200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.58M
Blend (final) Blend
$4.86M

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Elmsford, NY
Zoning description

The intent of this zone is to promote light manufacturing, warehousing, and industrial activities that have minimal impacts on surrounding areas

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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