111 Brook 111 Brook St 30,262 SF 93% Leased Office Building Scarsdale, NY 10583 $8,995,000 ($297.24/SF) 7.12% Cap Rate

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.