Property profile

216 Central Ave White Plains, NY 10606

OFF-MARKET
Office buildings
Property ID
US63-1804839
35,500 SF 0.59 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Training Center
  • Vocational School Training Center
  • High School
  • High School

Location

216 Central Ave White Plains, NY 10606-1123
White Plains metro Census 9100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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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

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

B-3 · White Plains, NY
Zoning description

5.5.1.5 The B-3 District is a general retail district containing a wide variety of retail, office and service business "uses" as well as "multi-family dwellings." The majority of "uses" in the district are of a service c…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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