Greenburgh, NY
Commercial Real Estate Market Trends & Data

$616 Avg asking sale price
$612 Avg asking lease rate
14,345 SF Avg unit lease size
14,935 SF Avg building size for sale
6.50% Average cap rate

Greenburgh's Demographic Profile

Greenburgh has 35,345 households and a median income of $149,809, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 94,978
# Households 35,345
Median age 45
Median household income $149,809
Avg household size 3.0
Renter-occupied housing units 10,342
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Greenburgh, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Greenburgh $469 19,273 SF 7.25%
Elmsford $169 26,859 SF 7.25%
Dobbs Ferry $332 12,200 SF 5.31%
Nearby Retail Markets Avg Cost/SF Typical Size
Greenburgh $528 10,884 SF
Ardsley $100 12,000 SF
Elmsford $893 6,511 SF
Dobbs Ferry $100 9,921 SF
White Plains $669 11,486 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Greenburgh $524 5,706 SF 6.60%
Tarrytown $299 3,793 SF 6.60%
Sleepy Hollow $299 3,793 SF 6.60%
Harrison $283 11,394 SF 7.19%

Commercial Properties For Sale in Greenburgh

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

132 Cortlandt St

Tarrytown, NY 10591

  • 3,760 SF Multifamily
  • 6.60% Cap Rate
  • $1,250,000
For Sale

505 White Plains Rd

Tarrytown, NY 10591

  • 26,859 SF Office Building
  • 7.25% Cap Rate
  • $3,200,000
For Sale

4-Unit Residential Investment Property

Tarrytown, NY 10591

  • 5,110 SF Multifamily
  • $1,250,000
For Sale

Trophy Westchester Office Condominium

Tarrytown, NY 10591

  • 58,563 SF Retail Building
  • 6.80% Cap Rate
  • $2,500,000
For Sale

Owner-User | Adaptive Reuse Opportunity

Hastings-on-Hudson, NY 10706

  • 29,506 SF Retail Building
  • $6,250,000
For Sale

Ferris Business Center

White Plains, NY 10603

  • 50,000 SF Industrial Building
  • $5,750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Greenburgh pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Greenburgh $443 15,113 SF
Hartsdale $274 14,216 SF
Ardsley $100 12,000 SF
Elmsford $652 15,266 SF

Multifamily Properties For Sale in Greenburgh

For Sale

The Daymark

Sleepy Hollow Village, NY 10591

  • 108,500 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Greenburgh alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Greenburgh or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Greenburgh 94,978 35,345 45 $149,809 3 10,342 -2%
Irvington 6,577 2,543 46 $201,017 3 599 -2%
Hartsdale 5,155 2,588 50 $96,631 2 593 -1%
Ardsley 4,760 1,536 44 $221,187 3 254 -2%
Elmsford 4,771 1,637 39 $112,062 3 954 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Greenburgh, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Greenburgh

View All Commercial Real Estate For Sale in Greenburgh
Is Greenburgh a good market for a first-time commercial real estate investor?

Greenburgh offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Greenburgh?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Greenburgh. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Greenburgh?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Greenburgh. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Greenburgh compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Greenburgh. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Greenburgh acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Greenburgh, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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