111 Brook St Scarsdale, NY 10583

Property Details for 111 Brook St

Year built

1974

Lot size

0.48 lot acres

Property size

32,660 SF

Property type

Banks

APN

552489 59./5/1

APU

5524895951

Description

This exceptional investment opportunity presents a +/- 30,000 square foot office building located at 111 Brook Street in the desirable Scarsdale P.O. section of Eastchester, Lower Westchester County, New York. Currently boasting 94% occupancy, this stabilized property offers significant upside potential. A comprehensive renovation completed in 2022 includes a modernized lobby with a digital directory, updated hallways featuring new tile and LED lighting, new common bathrooms, and a state-of-the-art 30+ camera indoor/outdoor CCTV security system. Further enhancements include a new elevator, landscaping, roof, and HVAC systems. The building is situated on a high-traffic corner lot adjacent to a local park, providing ample street parking. Its convenient location offers easy access to major transportation arteries, including the Bronx River Parkway, Hutchinson River Parkway, Route 22, and the Scarsdale Metro-North station. This property is zoned GB. A significant added benefit is the inclusion of a 10,000 square foot second parcel at 103-107 Montgomery Avenue, currently utilized for additional off-site parking accommodating approximately 30 vehicles. This second parcel, zoned RB, presents a potential future development opportunity. The property is offered at $9,995,000 and presents a rare chance to acquire a stabilized investment property with a potential medical conversion value-add opportunity in a highly sought-after location.

Location Insight

City

Scarsdale

County

Westchester

State

New York

Longitude

-73.8063

Latitude

40.9782

CBSA code

35620

CBSA name

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

Property Tax & Assessments