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Property profile & analytics
FOR LEASE
Office buildings

172 S Broadway White Plains, NY 10605

11,656 SF 0.25 ac lot Built 1953
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-0178191
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1953
Total area 11,656 SF
Lot 0.25 ac (10,890 SF)
Zoning code BR-1
APN 551700 131.29-5-1
UPID US63-0178191
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
  • 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 (Bike/Boat/Book/etc) Store Pet Store & Service
  • St Mary's Metro Home Care-Kids Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.60M
CAP Approach CAP
$2.93M
Comparable Approach Comparable
$3.11M
Blend (final) Blend
$3.60M
Owner & transaction history
Sbwp Properties LLC · 1 yrs held
Sbwp Properties LLC
since 2024
Last sale
$3.6M
5 recorded transactions
2024
$3.6M
2020
Price N/A
2006
$675,000
2006
Price N/A
2006
$450,000
Zoning & alternative use
BR-1 · White Plains, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $5.8M +110.4%
Commercial (general) $4.9M +75.7%
Warehouse, storage $4.2M +53.3%
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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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