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    FOR LEASE
    Banks

    111 Brook St, Scarsdale, NY 10583

    32,660 SF 0.48 ac lot Built 1974
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US63-3284130
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1974
    Total area 32,660 SF
    Lot 0.48 ac (20,909 SF)
    APN 552489 59./5/1
    UPID US63-3284130
    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
    • Nolte Lackenbach Siegel Law Firm
    • Scalise & Hamilton, P.C. Law Firm
    • Finkelstein-Morgan Agency Real Estate Agency
    • ATM Hudson Valley Bank Bank Check Cashing
    • Clifton G. Scaggs, D.P.M. Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.77M
    Owner & transaction history
    Derdle LLC · 7 yrs held
    Derdle LLC
    since 2018
    5 recorded transactions
    2019
    2018
    $4.7M
    2018
    2016
    $7.0M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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