Property profile

140 Grand St White Plains, NY 10601

FOR LEASE
Office buildings
Property ID
US63-1407984
120,275 SF 1.15 ac lot Built 1989
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,000 square foot commercial space at 140 Grand Street in White Plains, New York, presents a unique opportunity for a variety of businesses. Located in Westchester County, this single-tenant property boasts a highly desirable street-level retail presence, making it ideal for a range of uses including traditional office space, fitness centers, or restaurants (permitted use). The building offers ample on-site parking for convenience. The interior features impressive 20-foot ceilings, providing a spacious and modern feel. The entire 4,000 square feet is currently vacant and ready for immediate occupancy. The property's prime location in White Plains offers excellent visibility and accessibility, ensuring high foot traffic and easy access for clients and employees. This versatile space is perfect for a business seeking a prominent location with significant square footage and high ceilings. The property type is classified as retail, office, and restaurant, reflecting its adaptability to various business needs. The zip code is 10601. This is a rare opportunity to secure a substantial and well-located commercial space in a thriving Westchester County market. Don't miss out on this chance to establish your business in a prime location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 120,275 SF
Lot 1.15 ac (50,094 SF)
Zoning code CB-4
APN 551700 125.83-3-1
UPID US63-1407984

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Veterans Affairs Department Veterans Organization
  • Law Firm
  • Law Firm

Location

140 Grand St White Plains, NY 10601
White Plains metro Census 9300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$30.23M
Comparable Approach Comparable
$39.09M
Blend (final) Blend
$28.65M

Owner & transaction history

since 2020
Last sale
$27.1M
2 recorded transactions
2020
$27.1M
2015
$22.4M

Zoning & alternative use

CB-4 · White Plains, NY
Zoning description

5.5.1.9 The CB-3, CB-4 and UR-4 Districts are high-density, mixed-use areas encompassing the core of the City’s central business district. Appropriate to the City’s role as a regional center, these Districts permit a com…

General category MIXED_USE
Top alternative use upside
Warehouse, storage $43.7M +53.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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