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Property profile & analytics
FOR LEASE
Office buildings
10 Bank St White Plains, NY 10606
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2491745
For Lease
$47,305,000
10 Bank St, White Plains, NY 10606
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
205,035 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CB-4
APN
551700 125.82-2-1
UPID
US63-2491745
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mitsui Plastics Inc Distribution Center Logistics Company
-
Mast-Jägermeister US Big Box & Wholesale Store Bar & Pub
-
Lucchese & D'Ammora Law Firm
-
Magdalen Gaynor Law Firm
-
Kirshenbaum & Urban, LLP Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.53M
Comparable Approach
Comparable
$41.90M
Blend (final)
Blend
$47.31M
Owner & transaction history
10 Bk Street Of Whte Plains LLC · 3 yrs held
10 Bk Street Of Whte Plains LLC
since 2022
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
CB-4 · White Plains, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$74.5M
+53.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs White Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Plains submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$59,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,820,000
6.5%
$51,525,000
7%
$47,845,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$48,630,000
Current use
WAREHOUSE, STORAGE
$74,520,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$47.31M
Range $42.57M – $52.04M · ±10% · vs last sale $42.00M (Dec 29 2022)
Last sale anchor
$42.00M
Dec 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$231 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,500,000
-33.3% YoY
Assessed land
$351,850
Assessed improvement
$648,150
Land market value
$14,721,757
Improvement market value
$27,119,247
Total market value
$41,841,004
Applied tax rate
551,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Heating
NONE
Buildings
1
Stories
12
Total area
205,035 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CB-4
APN
551700 125.82-2-1
UPID
US63-2491745
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CB-4 · White Plains, NY
Zoning CB-4 · permitted uses
CB-4 · White Plains, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Plains. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$48.6M
WAREHOUSE, STORAGE
Est. value
$74.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
12
Buildings
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
10 Bk Street Of Whte Plains LLC
Entity
Mailing address
PO BOX 349, WHITE PLAINS, NY 10605-0349
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$42,000,000
10 Bk Street Of Whte Plains LLC
Est Bk St LLC
Bargain And Sale Deed
$35,000,000 · Jackson National Life Insurance Com
Jun 14, 2017
—
Esrt 10 Bk St LLC
—
Deed
related
$3,747,183 · Miscellaneous Ins Co
Oct 16, 2013
$39,989,755
Esrt 10 Bk St LLC
1185 Bank Street LLC
Grant Deed
—
Jun 18, 2007
—
1185 Bank Street LLC
—
Deed Of Trust
related
$12,730,086 · Teachers Insurance & Annuity
—
—
Esrt 10 Bk St LLC
—
Loan Modification
related
$35,750,000 · Teachers Insurance & Annuity
—
—
Esrt 10 Bk St LLC
—
Loan Modification
related
$35,000,000 · Miscellaneous Ins Co
—
—
Esrt 10 Bk St LLC
—
Deed Of Trust
related
$3,747,183 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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