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Property profile & analytics
OFF-MARKET
Estimated value
$6,040,000
Office buildings
216 Central Ave, White Plains, NY 10606-1123
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1804839
Property summary
AI-generated overview
This unique 35,500 square foot office building, located at 216 Central Ave, White Plains, NY 10606 (near Harding Ave.), offers a blend of traditional and creative office spaces. Originally built in 1950, the property sits on 0.59 acres and is zoned B-3. Currently operating as a music conservatory, the building features multiple tenancies with a minimum divisible space of 2,897 square feet and a total of 2,897 square feet currently vacant. The building boasts 35 parking spaces and an elevator (ADA compliant except for the third floor). A new security system with card access is being implemented shortly. Many units include existing pianos. The building is available for occupancy during standard business hours, with specific evening and weekend access granted by the owner on a per-unit basis. The building has a 1.38 FAR and the APN is 1700-125-057-00005-000-0004. This property presents a rare opportunity in the White Plains submarket for businesses seeking a distinctive and inspiring workspace. Ideal for creative industries or businesses needing flexible space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
35,500 SF
Lot
0.59 ac (25,700 SF)
Zoning code
B-3
APN
551700 125.57-5-4
UPID
US63-1804839
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
-
Steffi Nossen School of Dance & Center for Movement Training Center
-
Music Conservatory Of Westchester Vocational School Training Center
-
Dance High School
-
Dance studio High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$6.04M
Owner & transaction history
Hartsdale Properties LLC · 1 yrs held
Hartsdale Properties LLC
since 2025
1 recorded transaction
Zoning & alternative use
B-3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,420,000
Current use
Blend value · Realmo final
$6.04M
Range $5.44M – $6.64M · ±10%
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
$170 / 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
$245,000
Assessed 2023
Previous assessed
$245,000
+0.0% YoY
Assessed land
$54,700
Assessed improvement
$190,300
Land market value
$2,288,703
Improvement market value
$7,962,343
Total market value
$10,251,046
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
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Total area
35,500 SF
Lot
0.59 ac (25,700 SF)
Zoning code
B-3
APN
551700 125.57-5-4
UPID
US63-1804839
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · White Plains, NY
Zoning B-3 · permitted uses
B-3 · 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
$8.4M
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
1950
Heating
NONE
Stories
2
Buildings
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Hartsdale Properties LLC
Entity
Mailing address
216 CENTRAL AVE, WHITE PLAINS, NY 10606-1123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2025
—
Hartsdale Properties LLC
—
Deed
related
$143,301 · Ridgewood Savings Bank
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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