New search
Property profile & analytics
FOR LEASE
Office buildings
12 Greenridge Ave White Plains, NY 10605
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3491801
For Lease
1 / 2
$28 SF/Yr
12 Greenridge Ave, White Plains, NY 10605
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1973
Total area
24,816 SF
Lot
0.61 ac (26,572 SF)
Zoning code
RM-1.
APN
551700 130.28-10-2
UPID
US63-3491801
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
-
Pamela Marcus Physician
-
Teschner Bernard M MD Physician
-
Norberto I. Torres-Otero, MD, PC Physician
-
Harris Fredric D MD Physician
-
New York General Surgery, PLLC, Fredric David Harris, MD, FACS 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
$3.67M
Owner & transaction history
359-369 Mamaroneck Ave LLC · 26 yrs held
359-369 Mamaroneck Ave LLC
since 2000
7 recorded transactions
Zoning & alternative use
RM-1. · White Plains, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 White Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Plains 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,885,000
Current use
Blend value · Realmo final
$3.67M
Range $3.30M – $4.04M · ±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
$148 / 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
$129,400
Assessed 2023
Previous assessed
$129,400
+0.0% YoY
Assessed land
$25,000
Assessed improvement
$104,400
Land market value
$1,046,025
Improvement market value
$4,368,201
Total market value
$5,414,226
Applied tax rate
551,700.0000
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1973
Heating
NONE
Buildings
1
Stories
3
Total area
24,816 SF
Lot
0.61 ac (26,572 SF)
Zoning code
RM-1.
APN
551700 130.28-10-2
UPID
US63-3491801
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
RM-1. · White Plains, NY
Zoning RM-1. · permitted uses
RM-1. · White Plains, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Plains. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.9M
OFFICE BUILDING Current
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
1973
Heating
NONE
Stories
3
Buildings
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
359-369 Mamaroneck Ave LLC
Entity
Mailing address
701 WESTCHESTER AVE STE 205W, WHITE PLAINS, NY 10604-3015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Greenridge Medical Pavillion L
—
Deed
related
$2,500,000 · Miscellaneous Ins Co
Apr 28, 2000
—
359-369 Mamaroneck Ave LLC
Shalit,shimon & Malka
Grant Deed
related
—
—
—
Greenridge Medical Pavillion L
—
Deed Of Trust
related
$661,073 · Column Financial INC
—
—
Greenridge Medical Pavillion L
—
Loan Modification
related
$2,500,000 · Miscellaneous Ins Co
—
—
Greenridge Medical Pavillion L
—
Deed Of Trust
related
$355,485 · Miscellaneous Ins Co
—
—
Greenridge Medical Pavillion L
—
Deed Of Trust
related
$3,000,000 · Sun Life Assurance Co
—
—
Greenridge Medical Pavillion L
—
Deed Of Trust
related
$141,174 · Sun Life Assurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
