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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Banks
500 Westchester Ave Port Chester, NY 10573-2829
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-5659875
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1961
Total area
1,792 SF
Lot
0.09 ac (3,733 SF)
Zoning code
C1 COMM
APN
554801 135.84-2-1
UPID
US63-5659875
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
-
The First Bank of Greenwich Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
The First Bank Of Greenwich · 2 yrs held
The First Bank Of Greenwich
since 2023
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
C1 COMM · Port Chester, 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 Port Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Chester 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
$2,105,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.05M (Oct 18 2023)
Last sale anchor
$2.05M
Oct 18 2023
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
$1,161 / 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
$979,300
Assessed 2023
Previous assessed
$979,300
+0.0% YoY
Assessed land
$199,400
Assessed improvement
$779,900
Land market value
$199,400
Improvement market value
$779,900
Total market value
$979,300
Applied tax rate
554,804.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1961
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
1,792 SF
Lot
0.09 ac (3,733 SF)
Zoning code
C1 COMM
APN
554801 135.84-2-1
UPID
US63-5659875
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1 COMM · Port Chester, NY
Zoning C1 COMM · permitted uses
C1 COMM · Port Chester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Chester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
The First Bank Of Greenwich
Entity
Mailing address
25 S REGENT ST, PORT CHESTER, NY 10573-3512
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
$2,050,000
The First Bank Of Greenwich
500 Bow West Associates LLC
Bargain And Sale Deed
—
Sep 24, 2008
$550,000
500 Bow-west Associates LLC
Chapson Corp
Grant Deed
$550,000 · Chapson Corp
—
—
500 Bow-west Associates LLC
—
Deed Of Trust
related
$700,000 · Provident Bank INC
—
—
500 Bow-west Associates LLC
—
Deed Of Trust
related
$150,000 · Provident Bank INC
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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