111 Brook 111 Brook St 30,262 SF 96% Leased Office Building Scarsdale, NY 10583 $9,995,000 ($330.28/SF) 6.93% Cap Rate
INVESTMENT HIGHLIGHTS
- 97% Leased
- Prime Location
- Newly Renovated
EXECUTIVE SUMMARY
Rare chance to purchase a stabilized investment property in highly sought after Scarsdale P.O section of Eastchester in Lower Westchester County. Currently 97% 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. Several of the professional office spaces and retail storefronts are complete with premium, fully renovated build outs.
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).
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).
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
1975/2022
Price
$9,995,000
Price Per SF
$330.28
Cap Rate
6.93%
NOI
$692,654
Percent Leased
96%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,087 SF
Slab To Slab
10’
Building FAR
1.39
Lot Size
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 renovated corner office with open layout, conference, and partitioned offices with south facing window exposure. Features new drop ceiling with LED lighting, new grey LVT flooring, and new HVAC system. 3 on-site parking spaces included at no additional cost.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,119 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 1,119 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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 |
