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Property profile & analytics
FOR LEASE
Office buildings
150 Grand St White Plains, NY 10601
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-6081652
For Lease
1 / 3
$4,037/Mo
150 Grand St, White Plains, NY 10601
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
79,333 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CB-2
APN
551700 125.83-3-2
UPID
US63-6081652
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
-
Assigned Counsel Resource Center Consultant
-
School Search Solutions Training Center
-
Raneri, Light & O'Dell, PLLC Law Firm
-
Asset Staffing Inc Employment Agency
-
David S Klausner Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.99M
CAP Approach
CAP
$19.94M
Comparable Approach
Comparable
$15.85M
Blend (final)
Blend
$16.52M
Owner & transaction history
150 Grand New Owners Corp · 6 yrs held
150 Grand New Owners Corp
since 2020
Last sale
$15.4M
3 recorded transactions
Zoning & alternative use
CB-2 · 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
$20,610,000
ML approach
$11,985,000
CAP Approach
CAP Return
Estimation
6%
$21,595,000
6.5%
$19,935,000
7%
$18,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,815,000
Current use
Blend value · Realmo final
$16.52M
Range $14.87M – $18.17M · ±10% · vs last sale $15.37M (Apr 15 2020)
Last sale anchor
$15.37M
Apr 15 2020
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
$208 / 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
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Assessed land
$74,000
Assessed improvement
$226,000
Land market value
$3,096,234
Improvement market value
$9,456,067
Total market value
$12,552,301
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
OFFICE BUILDING
Status
For Lease
Year built
1962
Heating
NONE
Buildings
1
Stories
6
Total area
79,333 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CB-2
APN
551700 125.83-3-2
UPID
US63-6081652
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CB-2 · White Plains, NY
Zoning CB-2 · permitted uses
CB-2 · 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
$18.8M
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
1962
Heating
NONE
Stories
6
Buildings
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
150 Grand New Owners Corp
Entity
Free & Clear · 6 yrs held
Mailing address
1 N LEXINGTON AVE STE #210, WHITE PLAINS, NY 10601-1721
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2020
$15,366,516
150 Grand New Owners Corp
150 Grand Street LLC
Bargain And Sale Deed
—
Dec 21, 2015
$9,600,000
150 Grand Owner LLC
150 Grand Owner LLC
Bargain And Sale Deed
—
Oct 10, 2007
$6,700,000
150 Grand Owner LLC
Asc Capital Holdings LLC
Grant Deed
—
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.
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