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    Renovated Office-Retail Building with Parking Title is generated by Realmo AI

    111 Brook Street, Eastchester, NY 10583

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    Claim this Listing
    For Sale
    $8,995,000

    Three-story elevator building renovated in 2022 with covered parking and included RB-zoned parking parcel.

    Type:Mixed Use
    Property size:
    30,262 SF
    Price / SF:
    $297/SF
    Added:
    Mar 26, 2026
    Days on Market:
    82
    Last Refresh:
    Jun 15 at 4:44 am

    Property Features for 111 Brook Street

    General Information

    Standard status
    Active
    Size
    30,262 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1975

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    Listing Contact
    John Seminara

    Listing agent John Seminara

    Listing office Houlihan Lawrence Inc.

    Listing date Mar 26, 2026

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Houlihan Lawrence Inc.

    HighLights

    • 30,262 SF, three‑story elevator office/retail building built in 1975 with central air (93% occupied).
    • Renovated in 2022 with modernized building systems and enhanced upgrades throughout.
    • Covered on‑site parking for +/-60 cars plus 63 total parking spaces (includes assigned and tandem parking).
    • Corner, level lot with brick and masonry construction.
    • Included second parcel: 10,000 SF at 103‑107 Montgomery Avenue, operating as a +/-30‑car parking lot and zoned RB.
    • Located on a signalized intersection with access to Scarsdale Metro‑North Station, Bronx River & Hutchinson River Parkways, and Route 22.

    Overview

    111 Brook Street is a three-story office/retail building offering elevator service and brick/masonry construction. The property totals 30,262 square feet and is 93% occupied. The building was fully renovated in 2022, with modernized building systems and enhanced upgrades throughout. On-site covered parking is available for approximately 60 cars.

    The property is centrally located at a high-traffic, signalized intersection in Eastchester, NY, and is described as benefiting from strong visibility. An adjacent park, local retailers, and street parking are noted in the materials. Access is provided to the Scarsdale Metro-North Station, the Bronx River and Hutchinson River Parkways, and Route 22.

    The sale also includes a separate approximately 10,000 square foot parcel at 103-107 Montgomery Avenue, currently operating as an approximately 30-car parking lot. This second parcel is zoned RB and offers potential redevelopment or continued use as parking to support the main asset. Signed NDA and Proof of Funds are required for additional information.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $907.9k $30.00
    − Vacancy −$63.6k −$2.10
    EGI $844.3k $27.90
    − OpEx −$253.3k −$8.37
    NOI $591.0k $19.53
    30,262 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $8.44M
    $7.39M – $9.85M (±1% cap)
    NOI $591,017 @ 7.0% cap · market cap 6.57%
    Second Best
    Office B
    $4.89M
    $4.28M – $5.70M (±1% cap)
    NOI $342,016 @ 7.0% cap · market cap 3.80%
    Theoretical Best
    Multifamily LT 5
    $10.46M
    $9.15M – $12.20M (±1% cap)
    NOI $732,270 @ 7.0% cap · market cap 8.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastchester
    County
    Westchester
    State
    New York
    Longitude
    -73.8063466
    Latitude
    40.9781803

    FAQs

    What type of property is this?
    Office building - Three-story elevator building renovated in 2022 with covered parking and included RB-zoned parking parcel.
    Where is this office building located?
    The property is located at 111 Brook Street Eastchester, NY.
    What is the asking price?
    The asking price for this property is $8,995,000.
    What are key features of this property?
    This property features: 30,262 SF, three‑story elevator office/retail building built in 1975 with central air (93% occupied).; Renovated in 2022 with modernized building systems and enhanced upgrades throughout.; Covered on‑site parking for +/-60 cars plus 63 total parking spaces (includes assigned and tandem parking).
    More about this property
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