Skip to main content

Mixed-Use

2 - 20 GARTH ROAD

2 Garth Rd, Scarsdale, NY 10583

Listing Price: $6,500,000

Cap Rate
4.12%
Occupancy
92.0%

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 2·20 Garth Road in Scarsdale (Westchester County), New York, one of the wealthiest suburban communities in the entire country. This is a very rare opportunity to acquire a mixed-use residential/retail property in the Village of Scarsdale. The property consists of a two-story, 11,940-square-foot building, occupied by retail tenants on the ground floor and apartments on the second floor. There are currently four retail tenants (4,900 total square feet), six apartment units (6,655 total square feet) and one storage unit (385 square feet). The current leases are significantly under market, giving the purchaser significant upside potential.

Investment Highlights

  • Rare Opportunity to Acquire a Trophy Asset in the Village of Scarsdale, Westchester County, New York
  • Prime Corner Location
  • Unique Combination of Current Income Stability and Major Upside in Future Development – Excellent Covered Land Opportunity
  • Generational Asset – Long Term Hold
  • Below Market Unregulated In-Place Rents
  • Upside Through Lease Up of 1,000 SF Retail Storefront Tenant
  • Corner location is one of the few allowable bank branch locations in the Village
  • High Barrier to Entry

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

  • Matthew Gault

    Licensed Real Estate Salesperson

    (914) 220-9745

    Email Matthew

    License(s): NY: 10401313423

    Westchester

Financing By

Mixed-Use

2 - 20 GARTH ROAD

Listing Price: $6,500,000

Cap Rate
4.12%
Occupancy
92.0%

Investment Highlights

  • Rare Opportunity to Acquire a Trophy Asset in the Village of Scarsdale, Westchester County, New York
  • Prime Corner Location
  • Unique Combination of Current Income Stability and Major Upside in Future Development – Excellent Covered Land Opportunity
  • Generational Asset – Long Term Hold
  • Below Market Unregulated In-Place Rents
  • Upside Through Lease Up of 1,000 SF Retail Storefront Tenant
  • Corner location is one of the few allowable bank branch locations in the Village
  • High Barrier to Entry

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 2·20 Garth Road in Scarsdale (Westchester County), New York, one of the wealthiest suburban communities in the entire country. This is a very rare opportunity to acquire a mixed-use residential/retail property in the Village of Scarsdale. The property consists of a two-story, 11,940-square-foot building, occupied by retail tenants on the ground floor and apartments on the second floor. There are currently four retail tenants (4,900 total square feet), six apartment units (6,655 total square feet) and one storage unit (385 square feet). The current leases are significantly under market, giving the purchaser significant upside potential.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

  • Matthew Gault

    Licensed Real Estate Salesperson

    (914) 220-9745

    Email Matthew

    License(s): NY: 10401313423

    Westchester

Financing By

MM Texture Background
MM Textured Background Lower