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40 Westchester Ave 3,870 SF 100% Leased Retail Building Pound Ridge, NY 10576 $1,975,132 CAD ($510.37 CAD/SF) 5.60% Cap Rate
Executive Summary
OFFERED AT : $1,450,000
Mid-Century Modern, Mixed-Use Commercial Building in desirable Scotts Corners, Pound Ridge, NY
Investment Offering – Mixed-Use Property
An exceptional mixed-use investment opportunity in the heart of Pound Ridge, offering stable income from both commercial and residential tenants. This asset provides immediate cash flow with upside potential through modest rent increases.
Iconic Mid-Century Modern Building in very desirable Scotts Corners. Great investment opportunity, building fully leased, currently leased by 2 successful businesses on first floor and 2 1BR 1BA Apts, with covered courtyard and large back yard to enjoy the beauty of Pound Ridge with laundry for each residential unit. Ample parking with top deck parking for commercial stores and second lower deck parking for residential tenants. Highly visible on a crossroads to New Canaan and Stamford, CT, Bedford, South Salem and neighboring towns. A destination to visitors from NYC that want to enjoy the small town country feel with fantastic restaurants, shops and all other services offered in Scotts Corners!
Mid-Century Modern, Mixed-Use Commercial Building in desirable Scotts Corners, Pound Ridge, NY
Investment Offering – Mixed-Use Property
An exceptional mixed-use investment opportunity in the heart of Pound Ridge, offering stable income from both commercial and residential tenants. This asset provides immediate cash flow with upside potential through modest rent increases.
Iconic Mid-Century Modern Building in very desirable Scotts Corners. Great investment opportunity, building fully leased, currently leased by 2 successful businesses on first floor and 2 1BR 1BA Apts, with covered courtyard and large back yard to enjoy the beauty of Pound Ridge with laundry for each residential unit. Ample parking with top deck parking for commercial stores and second lower deck parking for residential tenants. Highly visible on a crossroads to New Canaan and Stamford, CT, Bedford, South Salem and neighboring towns. A destination to visitors from NYC that want to enjoy the small town country feel with fantastic restaurants, shops and all other services offered in Scotts Corners!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,870 SF
Building Class
C
Year Built
1979
Price
$1,975,132 CAD
Price Per SF
$510.37 CAD
Cap Rate
5.60%
NOI
$110,607 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.53 AC
Zoning
06 - Commercial
Parking
18 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
207’ on Westchester
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
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40 Westchester Ave
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