111 Brook | 111 Brook St
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111 Brook 111 Brook St
30,262 SF 93% Leased Office Building Scarsdale, NY 10583 $9,995,000 ($330/SF) 6.31% Cap Rate
Investment Highlights
- 94% Leased
- Prime Location
- Medical Conversion Value-Add Opportunity
- Fully Renovated Common Areas
- Modernized Lobby
- 6.91% Pro Forma Cap Rate
Executive Summary
Rare chance to purchase a stabilized investment property in highly sought after Scarsdale P.O section of Eastchester in Lower Westchester County, with a medical conversion value-add opportunity. Currently 94% leased, 111 Brook St. is a prime +/-30,000 SF retail/office building situated in a GB zone. Comprehensive renovation completed in 2022 features modernized lobby with digital directory, updated hallways with new tile and LED lighting, new common bathrooms, 30+ camera indoor/outdoor CCTV security system, new elevator, landscaping, roof, and HVAC systems.
Located on a high traffic street corner adjacent to a local park, with ample street parking available. Close proximity to mass transit, including Bronx River Parkway, Hutchinson River Parkway, Route 22, and Scarsdale Metro-North station.
Included is a 10,000 SF second parcel located at 103-107 Montgomery Ave, which is currently used for extra offsite parking for an additional +/-30 cars (potential buildable lot in RB Zone). Ownership is also willing to include the sale of a third parcel, 122 Montgomery Ave, which is located directly adjacent to the 111 Brook St. property and could be used to accommodate parking for an additional +/- 20 cars.
Located on a high traffic street corner adjacent to a local park, with ample street parking available. Close proximity to mass transit, including Bronx River Parkway, Hutchinson River Parkway, Route 22, and Scarsdale Metro-North station.
Included is a 10,000 SF second parcel located at 103-107 Montgomery Ave, which is currently used for extra offsite parking for an additional +/-30 cars (potential buildable lot in RB Zone). Ownership is also willing to include the sale of a third parcel, 122 Montgomery Ave, which is located directly adjacent to the 111 Brook St. property and could be used to accommodate parking for an additional +/- 20 cars.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
30,262 SF
Building Class
B
Year Built/Renovated
1975/2021
Price
$9,995,000
Price Per SF
$330
Cap Rate
6.31%
NOI
$630,338
Percent Leased
93%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,087 SF
Slab To Slab
10’
Building FAR
1.39
Land Acres
0.50 AC
Zoning
C - Commercial
Parking
63 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Commuter Rail
- Security System
- Accent Lighting
- Central Heating
- Natural Light
- Drop Ceiling
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully built-out corner office space with open layout, conference, and partitioned offices. Features reception area, full kitchenette and drop ceiling with LED lighting. 3 on-site parking spaces included at no additional cost. Additional parking $200/spot per month. Landlord pays all utilities.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 211 | 2,019 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 211
| Size |
| 2,019 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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2nd Fl-Ste 211
| Size | 2,019 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Fully built-out corner office space with open layout, conference, and partitioned offices. Features reception area, full kitchenette and drop ceiling with LED lighting. 3 on-site parking spaces included at no additional cost. Additional parking $200/spot per month. Landlord pays all utilities.
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 2489-059-000-00005-000-0001 | Improvements Assessment | $37,770 |
| Land Assessment | $12,450 | Total Assessment | $50,220 |
PROPERTY TAXES
Parcel Number
2489-059-000-00005-000-0001
Land Assessment
$12,450
Improvements Assessment
$37,770
Total Assessment
$50,220
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Michael Rackenberg -
John Seminara -
Houlihan Lawrence Commercial
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111 Brook | 111 Brook St
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