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566 Warburton Ave 5,320 SF Retail Building Hastings On Hudson, NY 10706 $2,024,084 CAD ($380.47 CAD/SF) 8.65% Cap Rate



INVESTMENT HIGHLIGHTS
- Excellent Location
- Completed Applications and Approvals for a Four-Unit Condo Conversion. CPS-1 Completed as well!
- Great Rental Oppertunities
EXECUTIVE SUMMARY
Looking for a unique opportunity? Discover two attached buildings with separate deeds in the heart of downtown Hastings-on-Hudson. These buildings have been thoughtfully combined over the years by a renowned architectural firm and now share several openings on both floors. With a total interior space of 5,320 square feet, the property offers versatility and ample potential. The layout includes a welcoming lobby, a reception room, four meeting rooms, four bathrooms, seven private offices, one extra-large executive office, and seven spacious rooms housing a total of forty-two workstations. In addition, there are smaller rooms designed for supplies, copiers, kitchenettes, and file storage, along with two interior staircases. This property is ideal for companies looking to move in immediately or for investors seeking multiple options. The original buildings can be reverted to separate properties—providing opportunities to rent or sell individually—or divided into two, three, or four mixed-use or residential units. Plans have even been drawn to create four residential units with roof decks (refer to the attached documents), presenting an excellent investment project with strong potential returns. Situated on one of Hastings-on-Hudson’s main streets, the building is conveniently surrounded by shops, restaurants, banks, grocery stores, and bus stops, ensuring everything is within a few blocks. The nearby Metro-North Station, just 0.1 miles away, makes commuting easy for both employees and residents. For floor plans & parking details, please review the attached documents.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$376,898
|
$70.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$376,898
|
$70.85
|
| Taxes |
$36,170
|
$6.80
|
| Operating Expenses |
$6,980
|
$1.31
|
| Total Expenses |
$43,149
|
$8.11
|
| Net Operating Income |
$333,749
|
$62.73
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $376,898 |
| Annual Per SF | $70.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $376,898 |
| Annual Per SF | $70.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,170 |
| Annual Per SF | $6.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,980 |
| Annual Per SF | $1.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,149 |
| Annual Per SF | $8.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $333,749 |
| Annual Per SF | $62.73 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,320 SF
Building Class
C
Year Built/Renovated
1992/2020
Price
$2,024,084 CAD
Price Per SF
$380.47 CAD
Cap Rate
8.65%
NOI
$175,048 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.06 AC
AMENITIES
- 24 Hour Access
- Mezzanine
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2607-004-030-00024-000-0027 | Total Assessment | $802,794 CAD |
| Land Assessment | $399,373 CAD | Annual Taxes | $36,170 CAD ($6.80 CAD/SF) |
| Improvements Assessment | $403,421 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2607-004-030-00024-000-0027
Land Assessment
$399,373 CAD
Improvements Assessment
$403,421 CAD
Total Assessment
$802,794 CAD
Annual Taxes
$36,170 CAD ($6.80 CAD/SF)
Tax Year
2024
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566 Warburton Ave
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