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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    55 Main St Yonkers, NY 10701

    • Investment properties
    • 2,000 SF
    • 0.10 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Value Estimations
    $395,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0454971
    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

    • Sawyer Place Laz Parking / Parking Garage
    • LAW OFFICE OF ANDREW M. ROMANO / Legal Services
    • La Grassa Legal PLLC / Law Firm
    • Yonkers Spray Foam Insulation / Insulation Contractor
    • 55 Main St Garage / Parking Lot

    Property Details for 55 Main St

    Year built
    1900
    Lot size
    0.10 lot acres
    Property size
    2,000 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    552607 4.80-59-7
    APU
    552607480597

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $475,000
      Market price range: $385k - $825k
      AI Estimate
      $306,000
      Market price range: $297k - $489k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hastings On Hudson
    County
    Westchester
    State
    New York
    Longitude
    -73.8801
    Latitude
    40.9943
    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
    $0.00
    $332,500
    $78,100
    $410,600
    -
    $332,500
    $78,100
    $410,600

    Comparable in this City

    • Value Estimation
      $355,000
      0.07 Acres

      149-151 Southside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      149-151 Southside Ave, Hastings On Hudson, NY 10706
      View Details
    • Value Estimation
      $315,000
      0.07 Acres

      7 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      7 Washington Ave, Hastings On Hudson, NY 10706-2245
      View Details
    • Value Estimation
      $500,000
      2,652 SF

      6 Spg St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,652 SF
      6 Spg St, Hastings On Hudson, NY 10706-1537
      View Details
    • Value Estimation
      $455,000
      1,424 SF

      416 Warburton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,424 SF
      416 Warburton Ave, Hastings On Hudson, NY 10706-2869
      View Details
    • Value Estimation
      $465,000
      1,466 SF

      288 Farragut Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,466 SF
      288 Farragut Ave, Hastings On Hudson, NY 10706-3518
      View Details
    • Value Estimation
      $460,000
      2,397 SF

      12-14 Spg St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,397 SF
      12-14 Spg St, Hastings On Hudson, NY 10706
      View Details

    Similar Nearby for Sale

    • $3,275,000

      Hastings-on-Hudson Mixed-Use Investment

      Two renovated mixed-use buildings with retail and free market apartments.
      38-42 Main St, Hastings on Hudson, NY 10706
      View Details
    • Contact for pricing
      18.97 Acres

      Hastings-on-Hudson Development Land

      Prime Hudson Riverfront acreage, residential development.
      1 Broadway, Hastings-on-Hudson, NY 10706
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    • $750,000

      Warburton Avenue Specialty Property

      Specialty property available for sale on Warburton Avenue.
      350 Warburton Ave, Hastings on Hudson, NY 10706
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      7,841 SF

      Yonkers Retail and Office Spaces

      Diverse retail and office spaces in revitalized Yonkers.
      241 S Broadway, Yonkers, NY 10706
      View Details
    • $459,000

      Hastings-on-Hudson Apartment Building For Sale

      Apartment building for sale in Hastings-on-Hudson, NY.
      445 Broadway 3A, Hastings on Hudson, NY 10706
      View Details
    • $399,000

      Hastings Townhouse Two-Bedroom Unit

      Two-bedroom unit near shops, restaurants, parks, and train station.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,670 SF

      Retail Space in Hastings

      Retail space for lease in historic Hastings on Hudson.
      527-533 Warburton Ave, Hastings on Hudson, NY 10706
      View Details
    • $3,000 /Mo

      Retail Space Near Metro-North

      404 SF retail space steps from Metro-North station.
      3 Spring St, Hastings on Hudson, NY 10706
      View Details
    • $7 SF/Yr
      6,000 SF

      Yonkers Flex/Industrial Space Available

      6,000 SF flex/industrial space for lease in Yonkers.
      361 Saw Mill River Rd, Yonkers, NY 10706
      View Details
    • Contact for pricing
      2,356 SF

      Retail Space in Yonkers

      Retail space available for rent at 60 Main St, Yonkers.
      60 Main St, Yonkers, NY 10706
      View Details
    • $4,800 /Mo

      Spacious Top-Floor Apartment in Hastings

      Well-maintained 3-bedroom apartment near Metro North and downtown.
      53 Prince St, Hastings on Hudson, NY 10706
      View Details
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    55 Main St
    Yonkers, NY 10701
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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.

    More about this property
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