17 1/2 Park Pl
2,950 SF 49% Leased Retail Building Bronxville, NY 10708 $2,884,000 CAD ($977.63 CAD/SF)
INVESTMENT HIGHLIGHTS
- Sellers prefer owner financing: 20% down, 15 years at 6-7%
EXECUTIVE SUMMARY
The building has been used as a real estate brokerage office for 30 years. The present tenant, Park Sterling Realty has merged with Corcoran Legends Realty and will be moving soon. The 1474sf space is all on one level. There is a reception area with desk and sitting area, 2 private offices, 2 conference rooms, a bull-pen with 23 desk/stations, a work large work area, 2 lavatories, a vestibule with stairs to full basement. Full basement is about 1475sf and is dry and may have potential (with Village approval) to be finished.
Around 2010 the present owner applied to the Village for a 2nd floor. The concept was well received, but the application was withdrawn due to the banking crisis at the time. Copies of the submitted plans are attached.
Owner is a licensed real estate broker.
Sheet 4 - Block 3 - Lot 3 Shows on Village of Bronxville records as 19 Park Place, but physical address is 17 1/2 Park Place. Town and School for Village of Bronxville ($11,443.70) and Town of Eastchester ($6.350/54). Total 2024 taxes $17,794.20
Street Level ceiling height: 140” (34” above hung seiling, 106’ below hung ceiling). Basement ceiling height: 72”
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|
PROPERTY FACTS
AMENITIES
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Present tenant Park Sterling Realty is vacating because it has merged with Corcoran Legends Realty. The office has been used as a real estate office for 30 years. There is a reception area, 2 conference rooms, 2 private offices, an open area with 23 small desk/stations, 2 closets, a rear vestibule, full dry (unfinished) basement. If used for an office, it is in move in condition. Circa 2007 plans were done and presented to the Village for adding a 2nd floor. The application was withdrawn when the banking crisis occurred in 2008. There also may be potential for finishing the full basement; subject to Village approval. This is an entire building. Owner would consider long term lease, option to buy with or without seller financing. Potential up front concessions for long term lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2401-004-000-00003-000-0004 | Improvements Assessment | $612,024 CAD (2023) |
| Land Assessment | $1,264,136 CAD (2023) | Total Assessment | $1,876,160 CAD (2023) |
