The Offering
CBRE, Inc. has been retained as the exclusive advisor for the sale of 570 Taxter Road. 570 Taxter Road is a value-add, six-story, full-glass, 77,966± SF office building located in Elmsford, NY. Given the recent increase in demand for medical space and its central accessible location, the property is a prime candidate for conversion to medical use. The property is 53.3% leased.
In addition to the ability to add value through office or medical lease up, a developer could consider building multifamily, assisted living or a hotel on the abundant land where the parking is located.
Investment Highlights
Elmsford Demographics (3-Mile)
- Population: 68,377
- Households: 24,788
- Household Income: $135,697
- Average house value: $571,191
Westchester County
- 48th Highest-income County in the United States in 2016, 2nd Wealthiest county in the State of New York
- Total businesses: 45,470
- Total population: 977,739
- Average household income: $134,914
- 17.8% Of all households located within Westchester County are valued above $1,000,000
Location
- Easily Accessible / Highly Visible
- Strategically situated on the Tarrytown development corridor, halfway between White Plains and Tarrytown
- Providing direct access to a number of highways; Interstate 87, Interstate 287, the Saw Mill River Parkway and Route 119
- Convenient access to the Tappan Zee Bridge
- While Elmsford, NY is located approximately 22 miles from Manhattan, both the White Plains and Tarrytown Metro-North stations offer express service to Grand Central Terminal and are about a 10 minute drive from 570 Taxter Road
- Only a 15 minute drive to Westchester County Airport and approximately 34 miles to JFK Airport and 27 miles to La Guardia Airport
Contact Information
Patrick Colwell
Senior Vice President
+1 203 352 8929
patrick.colwell@cbre.com
Louis Zuckerman
Vice President
+1 203 352 8907
louis.zuckerman@cbre.com
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