172 BroadwayWhite Plains, NY 10605

Property Details for 172 Broadway

Year built

1953

Lot size

0.25 AC

Property size (Sq ft)

11,656 SF

Zone code

BR-1

Property type

Office properties

Property subtype

Office buildings

APN

551700 131.29-5-1

APU

5517001312951

Description

This exceptional 16,000 square foot Class B executive office building, situated on a 25,000 square foot lot at 172 S Broadway in White Plains, NY 10605, presents a compelling owner-user or development opportunity. The property boasts 59 parking spaces, conveniently accessed from the lower level. Recent capital improvements significantly enhance the building's value and functionality. These include a new elevator (2021), roof (2020), boiler and HVAC units (2020), and a newly completed parking lot (within the last two years). The building features a mix of open floor space and private offices, catering to diverse business needs. Gas heat provides efficient climate control. Its central White Plains location offers unparalleled convenience, with easy access to I-287 and public transportation (bus and train service). Furthermore, the property's proximity to a vibrant array of restaurants, banks, and retail shops adds to its appeal. This is a rare opportunity to acquire a well-maintained, income-generating property in a highly desirable location. The asking price is $3,690,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,927,085

  6.5%

  $1,778,848

  7%

  $1,651,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,522,973

  Geo Method

  $1,522,973

• Alternative Use

  Use

  Valuation

  Residential

  $2,205,771

  Hospitality

  $2,020,474

  Educational

  $1,681,011

  Medical

  $1,738,824

  Retail

  $2,614,906

Location Insight

City

White Plains

County

Westchester

State

New York

Latitude

41.0234

Longitude

-73.7599

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.