Eastchester, NY 10583

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.5 Acres

Financials

Price:$8,995,000
Annual Taxes:$129,545
505 Park Ave, New York, NY 10022
Listing Courtesy of Houlihan Lawrence Inc.

111 Brook Street o ? ers a compelling chance to acquire an o ?

Description

111 Brook Street o?ers a compelling chance to acquire an o?ce/retail asset in the highly sought-after Scarsdale, NY submarket defined by scarcity. This 30,262 square foot, three-story elevator investment property delivers attractive income in one of Westchester's most high barrier-to-entry markets. This brick and masonry construction building is 93% occupied, features covered on-site parking for +/-60 cars, and was fully renovated in 2022 with modernized building systems and enhanced upgrades throughout. An asset of this quality, in a location of this caliber, does not trade often. A separate 10,000 square foot parcel at 103-107 Montgomery Avenue, currently operating as a +/-30-car parking lot, is included in the sale and zoned RB, presenting exceptional future development optionality. Whether held as parking to service the main asset, or developed, this second parcel represents embedded upside that is not reflected in the in-place income. Centrally located on a high-tra?c signalized intersection, the property benefits from high visibility and is surrounded by an adjacent park, local retailers, and exceptional street parking. The location is anchored by convenient access to Scarsdale Metro-North Station, Bronx River and Hutchinson River Parkways, and Route 22. Signed NDA and Proof of Funds required for additional information.

Amenities

  • Bathrooms
  • Corner Lot
  • Gas Water Heater
  • High Speed Internet
  • Janitorial Service
  • Level
  • Lobby
  • Natural Gas Connected
  • Ramp

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.