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    500 Commerce St Hawthorne, NY 10532
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    500 Commerce St Hawthorne, NY 10532

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    • Apartment buildings
    • 37,230 SF
    For Sale
    $11,500,000
    View Listing →
    New 16-Unit Apartment Complex For Sale
    $11,500,000
    37,230 SF

    New 16-Unit Apartment Complex

    New 16-unit apartment complex in Mount Pleasant, NY.

    500 Commerce St, Hawthorne, NY 10532
    View Listing
    Property ID
    US63-2868822
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm

    Property Details for 500 Commerce St

    Year built
    2024
    Property size
    37,230 SF
    Property type
    Apartment buildings

    Description

    Welcome to Liberty Plaza! Opportunity awaits for those who seek to invest in this brand new 16 unit complex in the heart of Mount Pleasant. 12 two bedroom & 4 one bedroom SPACIOUS rentals / Owners spared no expense!! LVT floors throughout/central AC and heating systems/All LG stainless steel appliances/Quartz countertops/LED mirrors/Subway tiles bathrooms with porcelain floors ae and much much more!!. Ample indoor garage parking for tenants/additional guest parking. Dedicated green area. On site fitness room. Intercom system for residents. Each unit has separate mechanical room. Walk to Metro North and village. Construction to be brought to completion before year's end.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hawthorne
    County
    Westchester
    State
    New York
    Longitude
    -73.792255
    Latitude
    41.113043

    Comparable in this City

    • $11,500,000
      37,230 SF

      New 16-Unit Apartment Complex

      New 16-unit apartment complex in Mount Pleasant, NY.
      500 Commerce St, Hawthorne, NY 10532
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    • $11,500,000
      0.70 Acres

      New 16-Unit Complex

      New 16-unit complex in Mount Pleasant, completion before year's end.
      500 Commerce St, Hawthorne, NY 10532
      View Details
    • $11,500,000
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      16 unit Apartment Complex - Liberty Plaza

      16 unit Apartment Complex - Liberty Plaza
      500 Commerce Street, Hawthorne, NY 10532
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    • $1,195,000
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      Mixed-Use Property with Ample Parking

      Mixed-use property with parking, accessible to parkways and MetroNorth.
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      Vacant Land in Hawthorne, NY

      Vacant lot with potential for builders, investors, or buyers.
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    • $2,900,000

      Commercial Development Site For Sale

      Commercial development site available for sale with build-to-suit options.
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    Similar Nearby for Sale

    • $11,500,000
      37,230 SF

      New 16-Unit Apartment Complex

      New 16-unit apartment complex in Mount Pleasant, NY.
      500 Commerce St, Hawthorne, NY 10532
      View Details
    • $11,500,000
      0.70 Acres

      New 16-Unit Complex

      New 16-unit complex in Mount Pleasant, completion before year's end.
      500 Commerce St, Hawthorne, NY 10532
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    • $11,500,000
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      16 unit Apartment Complex - Liberty Plaza

      16 unit Apartment Complex - Liberty Plaza
      500 Commerce Street, Hawthorne, NY 10532
      View Details
    • $1,195,000
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      Mixed-Use Property with Ample Parking

      Mixed-use property with parking, accessible to parkways and MetroNorth.
      317 Elwood Ave, Hawthorne, NY 10532
      View Details
    • $349,000
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      Vacant Land in Hawthorne, NY

      Vacant lot with potential for builders, investors, or buyers.
      Commerce St, Hawthorne, NY 10532
      View Details
    • $2,900,000

      Commercial Development Site For Sale

      Commercial development site available for sale with build-to-suit options.
      8 Saw Mill River Rd, Hawthorne, NY 10532
      View Details

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      Modern Office Space Available

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      Office Space Available For Lease

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    View Listing
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    Hawthorne, NY 10532
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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.

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