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Property profile & analytics

172 S Broadway White Plains, NY 10605

  • Office buildings
  • 11,656 SF
  • 0.25 lot acres
For Lease
Last Sale
Sep 18, 2024
$3,600,000
Value Estimations
$3,325,000
Cap Rate Potential
5.3%
Office buildings
Location Intelligence
Property ID
US63-0178191
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$0.00
$22,000
$36,000
$58,000
-
$920,502
$1,506,276
$2,426,778
More about this property
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