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Property profile & analytics
FOR LEASE
Office buildings
5 International Dr Rye Brook, NY 10573
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0628601
For Lease
1 / 2
$21,540,000
5 International Dr, Rye Brook, NY 10573
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
85,338 SF
Lot
25.19 ac (1,097,314 SF)
Zoning code
OB-1 OFFC
APN
554805 124.82-1-1
UPID
US63-0628601
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
-
Citco Fund Services Financial Advisor
-
Kingsbrook Office Park Business Service Center Corporate Office
-
KINGFIELD Homeowners' Association
-
KINGFIELD Sales Office Corporate Office
-
Reckson Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.54M
Owner & transaction history
New York Smsa Limited Partnership · 3 yrs held
New York Smsa Limited Partnership
since 2023
7 recorded transactions
Zoning & alternative use
OB-1 OFFC · Port Chester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$31.0M
+3.5%
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 Rye Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rye Brook 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,230,000
6.5%
$21,445,000
7%
$19,915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$29,960,000
Current use
WAREHOUSE, STORAGE
$31,015,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,390,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$21.54M
Range $19.39M – $23.69M · ±10%
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
$252 / 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
$29,872,000
Assessed 2023
Previous assessed
$29,872,000
+0.0% YoY
Assessed land
$21,762,500
Assessed improvement
$8,109,500
Land market value
$21,762,500
Improvement market value
$8,109,500
Total market value
$29,872,000
Applied tax rate
554,805.0000
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
1963
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
85,338 SF
Lot
25.19 ac (1,097,314 SF)
Zoning code
OB-1 OFFC
APN
554805 124.82-1-1
UPID
US63-0628601
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
OB-1 OFFC · Port Chester, NY
Zoning OB-1 OFFC · permitted uses
OB-1 OFFC · Port Chester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$30.0M
WAREHOUSE, STORAGE
Est. value
$31.0M
COMMERCIAL (GENERAL)
Est. value
$28.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1963
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
25.19 ac
Current owner
From public records · entity-resolved
New York Smsa Limited Partnership
Entity
Free & Clear · 3 yrs held
Mailing address
1 VERIZON WAY, BASKING RIDGE, NJ 07920-1025
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
New York Smsa Limited Partnership
1100 King Associates LLC
Lease
—
Nov 15, 2018
—
Kingfield Lot Onwers Assn INC
Sc Rye Brook Partners LLC
Grant Deed
related
—
Nov 1, 2018
—
Sc Rye Brook Partners LLC
—
Deed
related
$3,500,000 · First Cnty Bk
Sep 6, 2018
—
1100 King Associates LLC
—
Grant Deed
related
$37,200,000 · Metlife Com'l Mtg Originator L
Aug 20, 2018
$54,400,000
King Associates LLC
Reckson Operating Partnership
Grant Deed
—
Dec 8, 2016
—
Sc Rye Brook Partners LLC
—
Deed
related
$15,000,000 · First Cnty Bk
May 17, 2016
$20,000,000
Sc Rye Brook Partners LLC
Reckson Operating Ptshp LP
Grant Deed
$6,111,000 · First Cnty Bk
—
—
Sc Rye Brook Partners LLC
—
Loan Modification
related
$15,000,000 · First Cnty Bk
—
—
1100 King Associates LLC
—
Deed Of Trust
related
$37,200,000 · Metlife Com'l Mtg Originator L
—
—
1100 King Associates LLC
—
Deed Of Trust
related
$11,000,000 · Metlife Com'l Mtg Originator L
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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