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    590 Tuckahoe Rd Yonkers, NY 10710-5736

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    590 Tuckahoe Rd Yonkers, NY 10710-5736

    View on Map
    • Investment properties
    • 4,746 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Jun 11, 2025
    $1,950,000
    Property ID
    US63-3296354
    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
    $1,700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr.Sign / (Bike/Boat/Book/etc) Store / Printing Service
    • GRASSY SPRAIN PAINT/HARDWARE / Building Supply / Hardware & Home Improvement

    Property Details for 590 Tuckahoe Rd

    Year built
    1955
    Lot size
    0.21 lot acres
    Property size
    4,746 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    551800 5.-5530-700
    APU
    55180055530700

    Description

    This exceptional industrial property, located at 590 Tuckahoe Road in Yonkers, NY, offers 9,492 square feet of space and boasts fantastic visibility on Tuckahoe Road, just half a block from Central Park Avenue. The building features two loading docks at the rear, currently closed off but easily reactivated. Additional loading access is available to the lower level. The first floor is available immediately, offering a blank canvas for your business needs. A tenant currently occupies 67% of the lower level on a month-to-month lease, generating a monthly income of $2,705.42. This tenant's space possesses a Certificate of Occupancy. The property is equipped with three Con Edison electric meters and two gas meters, providing ample utility access. The property sits on a lot with zero acres. This prime location and versatile space present a unique opportunity for a variety of industrial uses. The existing income stream from the lower level provides immediate return on investment, while the vacant first floor offers significant expansion potential. This is an ideal property for businesses seeking high visibility, convenient access, and a strong foundation for growth. The asking price is $2,190,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,380,000
      7%
      $1,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,935,000
      Market price range: $913k - $1.96M
      AI Estimate
      $1,290,000
      Market price range: $455k - $1.35M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,420,000
      Current use
      AUTO REPAIR, GARAGE
      $2,370,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $1,665,000
      Change: +17% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,440,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.847
    Latitude
    40.9534
    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
    $41,857
    $15,600
    $25,400
    $41,000
    -
    $871,508
    $1,418,994
    $2,290,502

    Comparable in this City

    • Value Estimation
      $955,000
      3,317 SF

      1880 Central Park Ave

      STORE/OFFICE (MIXED USE) • 3,317 SF
      1880 Central Park Ave, Yonkers, NY 10710-2901
      View Details
    • Value Estimation
      $520,000
      1,750 SF

      3 Tuckahoe Rd

      STORE/OFFICE (MIXED USE) • 1,750 SF
      3 Tuckahoe Rd, Yonkers, NY 10710
      View Details
    • Value Estimation
      $515,000
      1,804 SF

      1201 Saw Ml Riv Rd

      STORE/OFFICE (MIXED USE) • 1,804 SF
      1201 Saw Ml Riv Rd, Yonkers, NY 10710
      View Details
    • Value Estimation
      $820,000
      4,256 SF

      2037 Central Park Ave

      STORE/OFFICE (MIXED USE) • 4,256 SF
      2037 Central Park Ave, Yonkers, NY 10710-2427
      View Details
    • Value Estimation
      $1,000,000
      5,869 SF

      1716 Central Park Ave

      STORE/OFFICE (MIXED USE) • 5,869 SF
      1716 Central Park Ave, Yonkers, NY 10710-4902
      View Details
    • Value Estimation by Request
      1,561 SF

      1950 Central Park Ave

      STORE/OFFICE (MIXED USE) • 1,561 SF
      1950 Central Park Ave, Yonkers, NY 10710-2444
      View Details

    Similar Nearby for Sale

    • $5,750,000

      Yonkers Two-Story Commercial Office Building

      Two-story commercial office building in a high-traffic area.
      1981 Central Park Ave, Yonkers, NY 10710
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    • $1,050,000

      Central Park Avenue Commercial Building

      Vacant corner commercial building with high visibility and parking.
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    • $899,000
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      Yonkers Commercial Opportunity For Sale

      Commercial property with high visibility and parking in Yonkers, NY.
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    • $1,050,000

      Central Park Avenue Commercial Building

      Vacant corner commercial building with high visibility and parking.
      2132 Central Park Ave, Yonkers, NY 10710
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    • $150,000
      0.14 Acres

      Vacant Land in Yonkers, NY

      Vacant land zoned for single family houses in Yonkers.
      45 Chatham Ter, Yonkers, NY 10710
      View Details
    • $899,000

      Central Park Avenue Retail Opportunity

      Retail property with high visibility and parking in rear.
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    Similar Nearby for Lease

    • Contact for pricing
      1,360 SF

      Yonkers Gateway Center Retail Space

      Premier regional shopping center in Yonkers, NY for lease.
      2500-2540 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
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      Retail Space in Community Center

      Retail space available in a centrally located community shopping center.
      2270 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      3,970 SF

      Retail Space in Westchester County

      135,086 SF shopping center with high ceilings and visibility.
      2542 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      8,000 SF

      Yonkers Retail Space Available

      Retail space available for rent in Yonkers, New York.
      2550 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      20,500 SF

      Yonkers Retail Space Available

      Retail space in Yonkers with high ceilings available for rent.
      2700 Central Park Ave, Yonkers, NY 10710
      View Details
    • $43 SF/Yr

      Retail Space Available For Lease

      Former barber shop space available for lease in Yonkers.
      27 Tuckahoe Rd, Yonkers, NY 10710
      View Details
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    Yonkers, NY 10710-5736
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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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