28 Central Ave, Hartsdale, NY 10530
3,600 SF | 33% Leased | Retail Building | Hartsdale, NY 10530 | $1,200,000 ($333/SF) | 7.56% Cap Rate
For Sale
Active
Asking Price $1,200,000
- Property Type
-
Retail
- Square Feet
- 3,600 SF
- Price / Square Foot
- $333
Listing Contacts
Scott Plasky
Property Overview
The subject offering is a 3,600 SF, three-tenant single-story retail strip located on Central Avenue in Hartsdale (Westchester County), NY. The property rests on a 7,840 SF lot with 60 feet of retail frontage along Central Avenue, the main retail corridor in Hartsdale and one of the dominant retail streets in all of Westchester County.
The offering consists of three 1,200 SF units. Emma’s Kitchen has been here since 2018, with a 10-year lease that runs through 2028. Their lease calls for 3% annual increases and reimbursements for 33.33% of the CAM charges and taxes above base-year (2017/2018). Dream Design also has a lease that began in 2018 and runs through 2027. They have 3% annual increases, and they also reimburse for 33.33% of CAM plus 33.33% of all taxes above base-year 2017/2018. The taxes have dropped significantly since 2017/2018 (taxes were $27,382 at the base-year). The remaining 1,200 SF will be delivered vacant. It had been occupied by Signarama for over 20+ years. The recently relocated down the street to get a larger storefront.
The owner just put on a brand-new roof (2023). The property is located on Central Avenue, surrounded by national retailers such as Subway, Trader Joe’s, Michael’s, Best Buy, Marshall’s, CVS, IHOP, H Mart and Petco.
Hartsdale is in the town of Greenburgh, just 20 miles north of New York City. The property is 0.5 miles from the Hartsdale Metro-North Train Station, and one block from Scarsdale Country Club. It benefits from outstanding demographics, with a one mile population of approximately 17K people with an average household income approaching $170K per year.
The offering consists of three 1,200 SF units. Emma’s Kitchen has been here since 2018, with a 10-year lease that runs through 2028. Their lease calls for 3% annual increases and reimbursements for 33.33% of the CAM charges and taxes above base-year (2017/2018). Dream Design also has a lease that began in 2018 and runs through 2027. They have 3% annual increases, and they also reimburse for 33.33% of CAM plus 33.33% of all taxes above base-year 2017/2018. The taxes have dropped significantly since 2017/2018 (taxes were $27,382 at the base-year). The remaining 1,200 SF will be delivered vacant. It had been occupied by Signarama for over 20+ years. The recently relocated down the street to get a larger storefront.
The owner just put on a brand-new roof (2023). The property is located on Central Avenue, surrounded by national retailers such as Subway, Trader Joe’s, Michael’s, Best Buy, Marshall’s, CVS, IHOP, H Mart and Petco.
Hartsdale is in the town of Greenburgh, just 20 miles north of New York City. The property is 0.5 miles from the Hartsdale Metro-North Train Station, and one block from Scarsdale Country Club. It benefits from outstanding demographics, with a one mile population of approximately 17K people with an average household income approaching $170K per year.
Property Details
- Class
- C
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 7,841 SF
All available spaces
- Space
- 1st Floor
- Size
- 1,200 SF
- Condition
- Partial Build-Out
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].