Property profile

871 Commerce St Thornwood, NY 10594

FOR SALE
Commercial real estate
Property ID
US63-0332697
0.15 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.15 ac (6,534 SF)
APN 553489 106.15-6-85
UPID US63-0332697

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
  • Physician
  • Nightclub Music Venue
  • Real Estate Agency
  • Construction Company General Contractor
  • Construction Company General Contractor

Location

871 Commerce St Thornwood, NY 10594
Thornwood metro Census 12102 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
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2024
Last sale
$180,000
7 recorded transactions
2024
Price N/A
2024
Price N/A
2013
Price N/A
2009
Price N/A
2006
Price N/A
2000
$180,000
1969
Price N/A

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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