172 S Broadway White Plains, NY 10605
- Office buildings
- 11,656 SF
- 0.25 lot acres
Current Use by Public Records
- Right at Home / Home Health Care Service / Home Help
- Real Property Management Westchester / Property Management Company / Real Estate Agent
- Metropolitan Jewish Home Care / Home Health Care Service
- original territory / Pet Supply Store
- St Mary's Metro Home Care-Kids / Child Care Agency
Property Details for 172 S Broadway
- Year built
- 1953
- Lot size
- 0.25 lot acres
- Property size
- 11,656 SF
- Zone code
- BR-1
- Property type
- Office buildings
- APN
- 551700 131.29-5-1
- APU
- 5517001312951
Description
This exceptional 16,000 square foot Class B executive office building, situated on a 25,000 square foot lot at 172 S Broadway in White Plains, NY 10605, presents a compelling owner-user or development opportunity. The property boasts 59 parking spaces, conveniently accessed from the lower level. Recent capital improvements significantly enhance the building's value and functionality. These include a new elevator (2021), roof (2020), boiler and HVAC units (2020), and a newly completed parking lot (within the last two years). The building features a mix of open floor space and private offices, catering to diverse business needs. Gas heat provides efficient climate control. Its central White Plains location offers unparalleled convenience, with easy access to I-287 and public transportation (bus and train service). Furthermore, the property's proximity to a vibrant array of restaurants, banks, and retail shops adds to its appeal. This is a rare opportunity to acquire a well-maintained, income-generating property in a highly desirable location. The asking price is $3,690,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,600,000
- ML approach
- $3,600,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,175,000
- 6.5%
- $2,930,000
- 7%
- $2,720,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,105,000
Market price range: $319k - $4.06M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,765,000 Current use
- AUTO REPAIR, GARAGE
- $5,815,000 Change: +110% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,860,000 Change: +76% Conversion: Easy
- WAREHOUSE, STORAGE
- $4,235,000 Change: +53% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- White Plains
- County
- Westchester
- State
- New York
- Longitude
- -73.7599
- Latitude
- 41.0234
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA