SALE OF 85-89 PONDFIELD ROAD
Admiral Real Estate Services exclusively presents the sale of 85-89 Pondfield Road in downtown Bronxville, NY. This is a rare Bronxville commercial opportunity to invest in a historic, affluent Westchester County suburb. These two buildings are exceptional stand-alone, mixed-use office and retail buildings. Above all, 85 Pondfield includes a very limited grandfathered bank zoning. Currently, there is an existing moratorium that does not permit any new banks on Pondfield Road.
The building package includes notable tenants such as New York-Presbyterian, Apple Bank, Verizon, and Bespoke Education. The frontage is an expansive 73 feet between the two buildings (50 feet at 85 Pondfield and 23 feet at 89 Pondfield). There is street parking directly in front of both buildings, including handicapped spaces. Additionally, there is a 170-space municipal parking lot directly behind the buildings. In addition, there are entrances in the front and rear of each building. The two-story building at 85 Pondfield also includes stair and elevator access.
The downtown Pondfield Road location of these buildings is nothing short of exceptional. It’s excellent location in downtown Bronxville on Pondfield Road is central to the busy main shopping strip in the Central Business District. They are only one (1) block from the Bronxville Metro-North Train Station, which includes a short 35-minute commute to Midtown’s Grand Central Station. The buildings are only two (2) blocks from the US Post Office and Bronxville Schools, which are amidst of all downtown amenities, including ACME, CVS, multiple fitness locations, banks, service vendors (dry cleaners, medical, etc.), and various long-standing restaurants and retailers. These Bronxville commercial buildings are also walking distance to New York-Presbyterian Lawrence Hospital, which employs over 1,100 people.
ABOUT BRONXVILLE, NY
Bronxville was rated the 9th wealthiest town in the U.S. by Bloomberg in 2019. Additionally, Bronxville Schools are consistently ranked among the best in Westchester County, therefore being one of the reasons for it’s high average home income of over $170K/year. Bronxville is the primary local shopping area for Village residents as well as several adjacent neighborhoods in the Bronxville PO. Similarly, it also serves as a secondary shopping area for nearby towns such as Scarsdale, Eastchester, Yonkers, and Fleetwood. Downtown Bronxville serves over 6,000 employees and 2,800 college students at Concordia College and Sarah Lawrence College, which is the 4th most expensive college in the country.
- Exceptionally rare opportunity
- Centrally located in downtown CBD
- Strong retail and office tenancy with upside
- Grandfathered bank zoning amidst moratorium
- Ample street parking and municipal lot
- Walking distance to Metro-North, hospital, school, and all downtown amenities
- Fantastic area demographics
- Bronxville rated 9th wealthiest town in US by Bloomberg in 2019
For more information on this property and Bronxville commercial sales, contact the owner’s exclusive agent, Jonathan Gordon, President/CEO, CCIM, MSRE.