Property summary
This exceptional investment opportunity presents an 11-property portfolio located in Thornwood, Westchester County, NY, priced at $8,800,000. The portfolio boasts a diverse mix of property types, including a retail-office building at 871 Commerce Street with potential for residential conversion, six townhouses in the Marble Heights complex (recently appraised at approximately $700,000 each), an additional townhouse at The Crossings at Thornwood, a five-bedroom, four-bathroom house on Commerce Street, a house on an oversized lot on Westchester Avenue, and a renovated triplex at 825 Franklin Avenue. The retail-office building currently houses Thornwood Dental Care and Shear Performance Hair Designs. The portfolio's diverse composition offers significant potential for future appreciation and income generation. The properties are situated in a desirable location within the Village of Thornwood, Mount Pleasant, New York, and offer a compelling investment opportunity with a 5.09% pro forma capitalization rate and a Net Operating Income (NOI) of $447,758. Detailed financial information is available upon request. Offers for individual properties or portions of the portfolio will be considered. The portfolio includes addresses on Commerce Street, Franklin Avenue, Westchester Avenue, Rockhagen Road, and Larissa Lane, all within the 10594 zip code. This is a rare opportunity to acquire a well-established, income-producing portfolio in a thriving Westchester County location.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Nightclub Music Venue
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Real Estate Agency
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Construction Company General Contractor
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Construction Company General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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