111 Brook St - Loft/Creative Space FOR SALE


Scarsdale, NY 10583
$8,995,000 USD
914-575-1623
111 Brook St, Scarsdale, NY for Sale
$8,995,000 USD
Loft/Creative Space - FOR SALE
1/14
null | 7.12% Cap Rate

111 Brook St
Scarsdale, NY 10583


HIGHLIGHTS

  • Strong Rent Roll and In-Place NOI
  • Comprehensively Renovated in 2022
  • Excellent Location Close to Major Parkways, Metro-North, Local Dining/Shops, and Parks
  • Mixed-Use Retail Component for Diversified Revenue Streams
  • Ample Street Parking and Dedicated On-Site Parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

111 Brook

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

GB

APN/PARCEL ID

2489-059-000-00005-000-0001

ASK ABOUT THIS PROPERTY

John SeminaraHoulihan LawrenceMore Info
914-575-1623

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John SeminaraHoulihan LawrenceMore Info
914-575-1623

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.