111 Brook St, Scarsdale, NY 10583
For Lease
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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.
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Nolte Lackenbach Siegel Law Firm
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Scalise & Hamilton, P.C. Law Firm
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Finkelstein-Morgan Agency Real Estate Agency
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ATM Hudson Valley Bank Bank Check Cashing
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Clifton G. Scaggs, D.P.M. Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.