New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Hotels
699 Westchester Ave, Rye Brook, NY 10573-2821
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0204949
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1973
Total area
395,650 SF
Lot
35.52 ac (1,547,308 SF)
Zoning code
H-1 HOTEL
APN
554805 135.74-1-8
UPID
US63-0204949
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
-
Drug Store Pharmacy
-
Westchester Avenue Tennis Club Sports School Sports Field & Court
-
WATC Program Sports Field & Court Sports School
-
The Good Shepherd Servants Retreats Association Or Organization
-
SYLHET OSMANI MEDICAL COLLEGE ALUMNI ASSOCIATION OF NORTH AMERICA College Medical School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
Mk Lcp Rye LLC · 15 yrs held
Mk Lcp Rye LLC
since 2011
4 recorded transactions
Zoning & alternative use
H-1 HOTEL · Rye Brook, 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 Rye Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rye Brook 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$13 / 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
$9,435,600
Assessed 2023
Previous assessed
$9,435,600
+0.0% YoY
Assessed land
$8,941,200
Assessed improvement
$494,400
Land market value
$8,941,200
Improvement market value
$494,400
Total market value
$9,435,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
395,650 SF
Lot
35.52 ac (1,547,308 SF)
Zoning code
H-1 HOTEL
APN
554805 135.74-1-8
UPID
US63-0204949
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
H-1 HOTEL · Rye Brook, NY
Zoning H-1 HOTEL · permitted uses
H-1 HOTEL · Rye Brook, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rye Brook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
35.52 ac
Current owner
From public records · entity-resolved
Mk Lcp Rye LLC
Entity
Free & Clear · 15 yrs held
Mailing address
18 E 50TH ST FL, NEW YORK, NY 10022-6817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Mar 24, 2011
$31,500,000
Mk Lcp Rye LLC
Chh Rye Town Hotel LP
Grant Deed
—
—
—
Mk Lcp Rye LLC
—
Loan Modification
related
$22,500,000 · Guggenheim Life & Annuity Co
—
—
Mk Lcp Rye LLC
—
Loan Modification
related
$20,000,000 · Guggenheim Life & Annuity Co
—
—
Mk Lcp Rye LLC
—
Deed Of Trust
related
$20,000,000 · Guggenheim Life & Annuity Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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