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111 Brook St
Scarsdale, NY 10583
111 Brook · Office Property For Sale
Investment Highlights
- Strong Rent Roll and In-Place NOI
- Excellent Location Close to Major Parkways, Metro-North, Local Dining/Shops, and Parks
- Ample Street Parking and Dedicated On-Site Parking
- Comprehensively Renovated in 2022
- Mixed-Use Retail Component for Diversified Revenue Streams
Executive Summary
111 Brook Street offers a compelling chance to acquire an office/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-traffic 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.
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-traffic 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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
30,262 SF
Building Class
B
Year Built/Renovated
1975/2022
Price
$8,995,000
Price Per SF
$297.24
Cap Rate
7.12%
NOI
$640,413
Percent Leased
93%
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
GB - General Business
Parking
63 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Skylights
- Balcony
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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