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Property profile & analytics
OFF-MARKET
Motels
94 Business Park Dr, Armonk, NY 10504-1702
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-0050650
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
5.52 ac (240,451 SF)
Zoning code
PLI
APN
553800 108.03-1-50
UPID
US63-0050650
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
-
PODS Moving & Storage Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
94 Business Park Drive Associates L · 2 yrs held
94 Business Park Drive Associates L
since 2023
6 recorded transactions
Zoning & alternative use
PLI · Armonk, 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 Armonk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Armonk 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
—
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
$260,000
Assessed 2023
Previous assessed
$137,000
+89.8% YoY
Assessed land
$73,600
Assessed improvement
$186,400
Land market value
$4,460,606
Improvement market value
$11,296,970
Total market value
$15,757,576
Applied tax rate
553,801.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Lot
5.52 ac (240,451 SF)
Zoning code
PLI
APN
553800 108.03-1-50
UPID
US63-0050650
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
PLI · Armonk, NY
Zoning PLI · permitted uses
PLI · Armonk, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Armonk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
5.52 ac
Current owner
From public records · entity-resolved
94 Business Park Drive Associates L
Entity
Free & Clear · 2 yrs held
Mailing address
354 EISENHOWER PKWY #1, LIVINGSTON, NJ 07039-1022
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
—
94 Business Park Drive Associates L
Aggro And Braslii LLC
Bargain And Sale Deed
—
Feb 2, 2022
—
Aggro & Brossi LLC
Aggro & Brassi LLC
Agreement Of Sale
—
Nov 12, 2020
—
Aggro & Brasii LLC
Ronald G Targan
Grant Deed
related
—
May 30, 2006
$93,478
Armonk Fairview LLC
Mandelbaum,nathan
Grant Deed
—
—
—
Bre Of Prime Mezz LLC
—
Deed Of Trust
related
$4,400,000 · Deutsche Bk Ag
—
—
Bre Of Prime Properties LLC
—
Deed Of Trust
related
$5,500,000 · * Other Institutional Lenders
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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