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Pelham Manor, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Pelham Manor, New York Market population: 6K. Explore income-producing properties with verified cap rates...

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📊 Average Cap Rate For Pelham Manor NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Pelham Manor NY Properties: 1.7000%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Pelham Manor NY

Common questions from investors exploring commercial real estate in Pelham Manor NY.

What's the overall investment outlook for Pelham Manor, NY? +
With a median household income of $174,219 and a low poverty rate of 2.4%, Pelham Manor presents a stable investment market, further reinforced by its high health insurance coverage of 98.5% and a relatively short average commute time of 42.2 minutes, indicating a strong, employed population.
How does the ethnic diversity and industry mix impact the demand for real estate in Pelham Manor? +
The diverse population, with top ethnicities including White (83.4%), White Non-Hispanic (78.5%), and Asian (6.3%), combined with a strong presence of industries like Finance & Insurance, Real Estate & Rental & Leasing, and Professional, Scientific, & Technical Services, suggests a robust and varied demand for housing, supported by a high median property value of $843,400.
What are the implications of the commute methods and times for real estate investors in Pelham Manor? +
The average commute time of 42.2 minutes, with a significant portion of the population using public transit (22.4%) or working from home (8.5%), indicates a flexible and adaptable workforce, which, when considered alongside the low poverty rate of 2.4% and high health insurance coverage of 98.5%, points to a stable and reliable tenant base for investors.
How does the income inequality and foreign-born rate affect the real estate market in Pelham Manor? +
The GINI coefficient of 0.501, indicating moderate income inequality, coupled with a foreign-born rate of 17.2%, suggests a market with a mix of affluent and potentially first-generation homebuyers, which can lead to a dynamic and growing housing market, especially considering the high median property value of $843,400 and a strong employment population of 2,743.
What role does the high homeownership rate play in the investment strategy for Pelham Manor? +
The high homeownership rate of 92.1%, combined with a median property value of $843,400 and median property taxes of $14,633, suggests a market favoring owner-occupants, which can impact rental yields; however, the strong median household income of $174,219 and low poverty rate of 2.4% also indicate potential for stable, long-term rentals, particularly in a market with such a high health insurance coverage rate of 98.5%.

Pelham Manor NY Real Estate & City Facts

Key facts and real estate information about Pelham Manor NY.

What are some of the best neighborhoods to live in Pelham Manor? +
Some of the best neighborhoods to live in Pelham Manor include the area around Pelham M, which is known for its safe and walkable streets. Other neighborhoods, such as those near the train station, offer a convenient commute to Manhattan. According to Nextdoor, Pelham M is a peaceful and family-friendly neighborhood, and Niche ranks Pelham Manor as one of the best places to live in New York, with a dense suburban feel and highly-rated schools.
What are some fun things to do in Pelham Manor? +
There are plenty of fun things to do in Pelham Manor, including visiting the nearby Glen Island Park, playing games at Dave & Buster's, or exploring the trail along the Hudson River. According to Tripadvisor, some of the top activities in Pelham Manor include visiting the Circle Museum Sculpture Park, playing escape games at Hour To Exit, or enjoying the nightlife at Shooters Lounge. Additionally, the town hosts various events and festivals throughout the year, such as the Pelham Manor Summer Concert Series.
What is the food scene like in Pelham Manor? +
The food scene in Pelham Manor is diverse and offers a range of options, from Italian cuisine at Leo's Italian Restaurant to contemporary American dishes at 105 Ten Bar & Grill. According to OpenTable, some of the top-rated restaurants in Pelham Manor include Caffe Amici, Sergio's, and Gourmet Express, which serves deli-buffet style cuisine. There are also plenty of great food trucks and casual eateries, such as Pepe's Place and Yumi, that offer a quick and delicious bite.
What are the pros and cons of living in Pelham Manor? +
The pros of living in Pelham Manor include its safe and family-friendly neighborhoods, highly-rated schools, and convenient commute to Manhattan. However, some of the cons include the high cost of living, with median property values over $800,000 and median property taxes over $14,000. Additionally, the town can be quite crowded during rush hour, and parking can be limited in some areas. According to Data USA, the poverty rate in Pelham Manor is relatively low, at 2.4%, but the income inequality is moderate, with a GINI index of 0.501.
Is Pelham Manor a good place to live? +
Overall, Pelham Manor is a great place to live, with its safe neighborhoods, excellent schools, and convenient commute to Manhattan. While it can be expensive, the town offers a high quality of life, with plenty of amenities and activities to enjoy. According to Niche, Pelham Manor is ranked as one of the best places to live in New York, with a dense suburban feel and highly-rated schools. However, it's worth considering the pros and cons, such as the high cost of living and potential crowds during rush hour, to determine if it's the right fit for your lifestyle and budget.
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