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Value-Add Professional Medical Office 2176 Central Park Ave 100% Leased Office Building Online Auction Sale Yonkers, NY 10710



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Investment Highlights
- 2176 Central Park Avenue offers a vacant 4,500-SF medical office across two-levels, offering owner/user occupancy or lease-up potential in Yonkers.
- Flexible BR zoning supports medical, office, fitness, and select retail uses, enabling diverse tenancy or multi-tenant income strategies.
- Direct access to Bronx River Parkway and Interstate 87 connects tenants to Westchester, the Bronx, and Manhattan with ease and convenience.
- Fully built-out levels with exam rooms, offices, reception, and pantry, 10 parking spaces, and 10-foot ceilings for efficient operations.
- Prime Central Park Avenue frontage with visibility to 30,000 vehicles daily, enhancing branding exposure and long-term tenant demand.
- Walkable Crestwood Lake location is near Kohl’s, CVS, and dining, supported by $127K incomes and strong homeownership driving demand.
Executive Summary
2176 Central Park Avenue presents an attractive opportunity to acquire a 4,500-square-foot professional and medical office building on a 0.27-acre lot in Yonkers. This single-story building over a finished lower level offers a fully built-out interior with exam rooms, private offices, meeting rooms, reception and waiting areas, pantry space, and separate entrances, delivering immediate functionality for a range of users. The asset features ceiling heights up to 10 feet, 10 on-site parking spaces, and more. 2176 Central Park Avenue supports efficient operations with minimal upfront capital.
Zoned Restricted Business/Residence (BR), the asset accommodates medical, dental, general office, wellness, financial, and select retail uses, positioning it as an ideal owner/user acquisition or a value-add investment opportunity to lease one or both levels at market rates. Delivered vacant, combined with its flexible layout and broad-use zoning, creates a differentiated opportunity in a supply-constrained corridor.
Situated along Central Park Avenue (Route 100), one of Westchester County’s most heavily trafficked commercial arteries with exposure to nearly 30,000 vehicles daily, 2176 Central Park Avenue benefits from exceptional visibility. Occupants enjoy direct access to the Bronx River Parkway and Interstate 87, enabling seamless connectivity throughout Westchester County, the Bronx, and Manhattan.
Positioned within the Crestwood Lake neighborhood, the area offers a walkable environment, with established national retailers and service providers, including Kohl’s, CVS, Chick-fil-A, Wingstop, and other daily-needs amenities. Within a 2-mile radius, the trade area features average household incomes of approximately $127,000 and 70% homeownership, providing a stable and affluent customer base that drives demand for professional and medical services.
Located in one of Yonkers’ most visible and well-trafficked commercial corridors, 2176 Central Park Avenue sits within a dense, service-oriented market characterized by limited availability of standalone office and medical buildings. Tenants benefit from ease of access, strong surrounding demographics, and proximity to everyday amenities, while ownership benefits from leasing flexibility, long-term stability, and income growth potential. This offering represents a rare chance to acquire a highly functional, well-located asset with both immediate usability and long-term upside in a supply-constrained, high-demand corridor.
Zoned Restricted Business/Residence (BR), the asset accommodates medical, dental, general office, wellness, financial, and select retail uses, positioning it as an ideal owner/user acquisition or a value-add investment opportunity to lease one or both levels at market rates. Delivered vacant, combined with its flexible layout and broad-use zoning, creates a differentiated opportunity in a supply-constrained corridor.
Situated along Central Park Avenue (Route 100), one of Westchester County’s most heavily trafficked commercial arteries with exposure to nearly 30,000 vehicles daily, 2176 Central Park Avenue benefits from exceptional visibility. Occupants enjoy direct access to the Bronx River Parkway and Interstate 87, enabling seamless connectivity throughout Westchester County, the Bronx, and Manhattan.
Positioned within the Crestwood Lake neighborhood, the area offers a walkable environment, with established national retailers and service providers, including Kohl’s, CVS, Chick-fil-A, Wingstop, and other daily-needs amenities. Within a 2-mile radius, the trade area features average household incomes of approximately $127,000 and 70% homeownership, providing a stable and affluent customer base that drives demand for professional and medical services.
Located in one of Yonkers’ most visible and well-trafficked commercial corridors, 2176 Central Park Avenue sits within a dense, service-oriented market characterized by limited availability of standalone office and medical buildings. Tenants benefit from ease of access, strong surrounding demographics, and proximity to everyday amenities, while ownership benefits from leasing flexibility, long-term stability, and income growth potential. This offering represents a rare chance to acquire a highly functional, well-located asset with both immediate usability and long-term upside in a supply-constrained, high-demand corridor.
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- Offering Memorandum
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Class
C
Year Built/Renovated
1995/2023
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,180 SF
Lot Size
0.27 AC
Parcel Number
1800-004-000-04667-000-0046
Zoning
M - Supports a range of professional and medical office uses
Parking
10 Spaces (2.29 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
18,559
148,692
465,255
2020 Population
18,577
149,494
470,232
2030 Population
18,668
149,416
466,842
2025-2030 Projected Population Growth
0.6%
0.5%
0.3%
Daytime Employees
4,879
57,000
150,630
Total Businesses
611
7,986
19,997
Average Household Income
$145,415
$166,149
$139,372
Median Household Income
$111,770
$135,612
$105,857
Total Consumer Spending
$258M
$2.2B
$6B
Median Age
46.4
45.3
42.1
2025 Households
6,705
55,978
171,608
Percent College Degree or Above
26%
26%
21%
Average Home Value
$703,064
$694,315
$671,423
Sale Advisors
Steven Evans, Managing Partner
Steven E. Evans is the Director of Commercial Leasing at Platinum Properties’ Financial District and Midtown West offices. Evans, 30, a long-time resident of Bronxville, NY, spent a majority of his youth discovering the wonders of New York City. “The mere presence of this city’s monstrous buildings made me want to explore it further,” he said. A graduate of Marist College, where he pursued several jobs in finance, Evans began his career in wealth management solutions with Prudential. In this position, he spent three years advising clients on investments and financial planning. Eventually, in March 2008, Evans joined Platinum Properties’ team as a licensed real estate salesperson, who specialized in the offerings of office and retail leases and closed on deals worth over $7,000,000. “Walking through Manhattan’s streets every day, I cannot help but want to do my part in piecing it together, especially with retail spaces,” noted Evans. “It is extremely fulfilling to visit an establishment that you help to put into business.” Now, having spent time on increasingly sizeable projects, such as requirements of 10,000 to 20,000 square feet, the four-year real estate veteran has earned the highly coveted responsibility of overseeing a majority of commercial lease transactions that occur at Platinum Properties. Evans’ duties also consist of assisting and training agents who are less experienced on the commercial aspects of the business until they become experts in the field. “In my perspective, Platinum has evolved into a more holistic brand – we have grown into a complete full-service brokerage firm,” said Evans. “We now have a greater focus on commercial leasing, as well as the higher-end residential landscape.” While Evans’ work involves interacting with tenants – which off late includes a variety of restaurants and gyms – his primary priority is his clients’ needs. “This industry is based on relationships and service and our clients need to feel that we are mindful of their best interest at all times,” he explained. Looking to the future, Evans, a leader by example, is keen to make every effort to ensure that Platinum’s commercial division, on both the leasing and sales side, continues to grow. He’d also like to mentor and increase the number of agents who are actively involved with the company’s commercial transactions. Always mindful of giving back to society, Evans has been closely involved with the All Stars Project, a foundation benefiting underprivileged youth, where he spends time educating the less fortunate youth of Manhattan. A hardcore fan of the New York Yankees and New York Giants, Evans also enjoys the outdoors and working out.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Marlo Lashley
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Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
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Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value-Add Professional Medical Office | 2176 Central Park Ave
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