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29095061

20 Grayrock Rd, Scarsdale, NY 10583

WJ
NY 10301218139
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$2,000,000
153 days on market
Updated 153 days ago

Scarsdale Automotive NNN

Details
Property Type Industrial, Land (+1)
Sub Type Auto Shop
Square Footage 1,600
Net Rentable (SqFt) 1,600
Cap Rate 6%
NOI $120,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 6.15%
Pro-Forma NOI $123,000
Price per SqFt $1,250
Buildings 1
Stories 1
Lot Size (SqFt) 6,122
Investment Type Net Lease
Occupancy Date 07/30/2024
Ownership Fee Simple

20 Grayrock Road Scarsdale NY NNN Automotive

Marketing description

Marcus & Millichap has been retained as the exclusive advisor for the sale of 20 Grayrock Road, Scarsdale NY. A 1,600 square foot single tenant automotive building in

Scarsdale, New York.

The property sits on 6,098 SF of land in the heart of Scarsdale and very close to Scarsdale train station, sits between large apartment buildings and very close to play

grounds/ little league field and the Scarsdale village.

The site is the new home for Hartsdale Automotive, who has been in that market for over 20 years, and signed new 10 years NNN lease in August 2024.

The site is a fantastic development opportunity in the town of Eastchester.

Investment highlights

  • 10 years new lease in place with very strong long term local operator in place

  • NNN Lease with zero landlord responsibility with 3 % increases starting on July 2026

  • Very close to Scarsdale Metro North Train Station

  • Fantastic future development opportunity

Listing Contacts

WJ
NY 10301218139
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
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$120,000.00
$10,000.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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