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    70 Gedney Way White Plains, NY 10605

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    For Sale
    $2,975,000

    Adaptable commercial space with redevelopment potential in a prime location.

    Lot size:
    0.47 Acres

    Property Features for 70 Gedney Way

    General Information

    Lot size
    0.47 Acres

    Building Details

    Year built
    1964

    Source: Houlihan Lawrence Commercial Agent Garry Klein

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

    Overview

    Versatile Property in White Plains

    This property, previously a bank and recently used as a financial planning office, features 9,428 square feet of space. This includes 5,946 square feet above ground and a 3,482-square-foot basement. The property is situated on a near 0.5-acre lot and includes 37 on-site parking spaces. It is located in the B-2 (Neighborhood Business) zone, which allows for a range of uses, including retail, professional offices, personal services, multi-family dwellings, day care centers, and laundry/dry-cleaning facilities. The Floor Area Ratio (FAR) of 0.8 allows for up to 16,354 square feet of building space, offering potential for expansion or redevelopment. The zoning also allows Restaurants/Catering with a Special Permit. This property is suitable for various businesses, medical or religious uses, non-profit institutions, or mixed-use development opportunities. The property will be delivered vacant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Prato Capital Financial Planner Prato Capital Management Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7572316
    Latitude
    41.0140971

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    FAQs

    What type of property is this?
    Bank - Adaptable commercial space with redevelopment potential in a prime location.
    Where is this bank located?
    The property is located at 70 Gedney Way White Plains, NY.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: - Flexible B-2 Zoning: Supports retail, offices, multi-family dwellings, and more. Restaurant/catering possible with permit.; - Significant Expansion/Redevelopment Potential: Zoned for up to 16,354 sq ft (FAR 0.8).; - Ample Parking: Features 37 on-site parking spaces.
    (914) 588-1585
    Request Owner's contact information
    70 Gedney Way White Plains, NY 10605
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    White Plains, NY 10605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    70 Gedney Way White Plains, NY 10605
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