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Financial
Distress signals
Property profile

1 Summit Ave 2ND White Plains, NY 10606

FOR LEASE
Office buildings
Property ID
US63-2584347
11,247 SF 0.32 ac lot Built 1983
Last sale Jul 2017 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An approximately 5,000 sq ft office space in White Plains, configured with a flexible floor plan suitable for a range of commercial uses such as corporate offices, creative workspaces, medical practices, or financial institutions. The building is served by central HVAC and includes high-speed internet connectivity, with natural light as part of the interior environment. The space is positioned for access to major highways and public transportation and is located near downtown amenities…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$54k
Assessed land$28k
Assessed improvement$26k

Value estimate

· Oct 2026
$1.59M
$1.43M – $1.74M
NOI build-up
Gross scheduled income$137k
Vacancy & credit loss−$35k
Operating expenses−$26k
NOI · 654.41% cap applied$77k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$237/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$27 – $348
Qualifying comparables7

Cap rate analysis

How does the asset earn?
654.41%
$77k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2
The B-2 District is a low-density neighborhood retail district containing retail and service business uses of a limited nature appropriat...
General categoryCOMMERCIAL
JurisdictionWESTCHESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Catering Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Catering Service9.5
Watch Repair Shop9.3
Florist9.2

Location

1 Summit Ave, Unit 2ND White Plains, NY 10606
County assessor Recorded deeds · not on file 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 17 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
312 Battle, White Plains, NY 10606-1503 $640,000 Mar 2025 1,286 SF
10 Bank, White Plains, NY 10606-1933 $42,000,000 Dec 2022 205,035 SF
267 Central, White Plains, NY 10606-1257 $834,888 Mar 2022 2,213 SF
229 Central, White Plains, NY 10606 $2,415,604 Nov 2018 12,334 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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