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Property profile & analytics
FOR LEASE
Office buildings
2500 Westchester Ave, Purchase, NY 10577
Individually Owned
11-yr Hold
Free & Clear
Property ID
US63-2237213
For Lease
1 / 3
$615,000
2500 Westchester Ave, Purchase, NY 10577
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,791 SF
Lot
24.62 ac (1,072,447 SF)
APN
552801 0611.-3
UPID
US63-2237213
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
-
A. Mac Asbestos Removal Inc Westchester Construction Company Renovation Specialist
-
The Law Offices of Gregory J. Tembeck, PC Law Firm
-
Isuzu Finance of America Bank Credit Union
-
La Gumina Law Firm PLLC Law Firm
-
Perry Dean Freedman Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$615k
Owner & transaction history
2500/2700 Westchester Ave Owne · 11 yrs held
2500/2700 Westchester Ave Owne
since 2014
7 recorded transactions
Zoning & alternative use
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 Purchase submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Purchase 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
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$162 / 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
$575,000
Assessed 2023
Previous assessed
$575,000
+0.0% YoY
Assessed land
$246,200
Assessed improvement
$328,800
Land market value
$21,042,735
Improvement market value
$28,102,564
Total market value
$49,145,299
Applied tax rate
552,801.0000
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
For Lease
Heating
STEAM
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
3,791 SF
Lot
24.62 ac (1,072,447 SF)
APN
552801 0611.-3
UPID
US63-2237213
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
STEAM
Cooling
Yes
Stories
2
Bathrooms
4
Lot
24.62 ac
Current owner
From public records · entity-resolved
2500/2700 Westchester Ave Owne
Individual
Free & Clear · 11 yrs held
Mailing address
53 MAPLE AVE, MORRISTOWN, NJ 07960-5219
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
—
Keith D Llewellyn
—
Deed
related
$171,000 · Quorum Federal Cu
Nov 3, 2021
—
Franz Gerhardter
—
Deed
related
$129,847 · Quorum Federal Cu
Jan 18, 2017
—
701 Westchester Avenue Owner
—
Loan Modification
related
$109,080,718 · Golden Sachs Mtg
Aug 4, 2014
—
701 Westchester Ave Owner Sp
—
Loan Modification, Consolidation And Extension
related
$95,311,296 · Other Institutional Lenders
Jul 22, 2014
—
701 Westchester Ave Owner Sp
—
Grant Deed
related
$4,500,000 · Other Institutional Lenders
Jul 8, 2014
—
2500/2700 Westchester Ave Owne
2500/2700 Westchester Ave Spe
Quit Claim Deed
—
Apr 2, 2014
—
701 Westchester Ave Spe LLC
—
Grant Deed
related
$5,000,000 · Natixis
Feb 7, 2011
—
701 Westchester Avenue Spe L
—
Loan Modification, Consolidation And Extension
related
$50,000,000 · Natixis R/e Cap
Feb 23, 2007
$49,686,735
2700 Westchester Avenue S 2500
Reckson Cross Westchester LLC
Quit Claim Deed
related
—
—
—
2500/2700 Westchester Ave
—
Loan Modification
related
$27,100,000 · Goldman Sachs Mtg
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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