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Property profile & analytics
FOR SALE
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
Price N/A
2018
$4.7M
2018
Price N/A
2016
$7.0M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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