Entity Owned 
For Lease
1 / 27
Contact for pricing
2975 Westchester Ave, Purchase, NY 10577
View Listing →
Property summary
AI-generated overview
This exceptional Class A office building at 2975 Westchester Avenue in Harrison, New York, offers 120,000 square feet of prime executive office space. The building features ten suites, with a minimum divisible space of 1,385 square feet and a maximum contiguous space of 5,637 square feet. Currently, 31,760 square feet are available for lease. The four-story building provides a park-like setting and boasts convenient access to I-287, serving the greater Westchester and Fairfield County areas. An on-site cafe offers healthy breakfast, lunch, and snack options, along with comfortable seating areas for relaxation. Tenants also enjoy access to a fitness center located at 399 Knowllwood Road, less than ten minutes away via the Cross Westchester Expressway. Ample parking is available, with a ratio of four spaces per 1,000 square feet. The building's location in Westchester County, zip code 10577, provides an ideal blend of suburban tranquility and convenient access to major transportation routes. This is a unique opportunity to secure high-quality office space in a desirable location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Total area
3,477 SF
Lot
8.41 ac (366,340 SF)
APN
552801 0603.-3
UPID
US63-1980187
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
-
Loan Service Bank
-
Law Firm
-
Law Firm
-
Financial Advisor
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.76M
Owner & transaction history
since 2023
Last sale
$9.5M
7 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.76M
Value range
$8.78M – $10.74M
±10% around blend
Estimated value / SF
$2,807 / SF
Confidence
High
13 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
100
$8.78M
blend $9.76M
$10.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,477 SF
Lot area
8.41 ac
Year built
1939
Stories
2
APN
552801 0603.-3
Assessed value
$219,400
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.04M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.3 mi away · 3,960 SF
16.1 mi away · 4,230 SF
18.6 mi away · 3,220 SF
18.8 mi away · 2,501 SF
20.8 mi away · 2,704 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.76M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 65 sales
$351
+700%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $2,807/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.50M
Move the market yield to see immediate price impact.
Value / SF
$2,732
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$599k
$11.97M
$8.55M
$6.65M
$665k
$13.30M
$9.50M
$7.39M
$732k
$14.63M
$10.45M
$8.13M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.00M
8.2 mi · Dec 2025 · $250/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$219,400
Assessed 2023
Previous assessed
$367,000
-40.2% YoY
Assessed land
$84,100
Assessed improvement
$135,300
Land market value
$7,188,034
Improvement market value
$11,564,103
Total market value
$18,752,137
Applied tax rate
552,801.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1939
Heating
STEAM
Stories
2
Bathrooms
5
Total area
3,477 SF
Lot
8.41 ac (366,340 SF)
APN
552801 0603.-3
UPID
US63-1980187
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1939
Heating
STEAM
Stories
2
Bathrooms
5
Lot
8.41 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Get access to Data & Analytics
Choose membership plan that suits your needs
Unlock Full Report
$9
one-time
Single Property Report
Full report includes
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
MOST POPULAR
Professional Plan
$99
/mo
30 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Enterprise Plan
$299
/mo
300 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Unlock Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Light report includes
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
Confirm your e-mail to get the report
