Newmark has been exclusively retained to arrange the sale of 2 Byram Brook Place, a stabilized medical office investment in Armonk’s North Castle submarket. Ownership has held the asset since construction in 1995 and is bringing it to market for the first time, offering a rare entry point into one of Westchester’s tightest medical office trade areas.
The rent roll is anchored by medical, dental, and vision practices with networks in North Castle, Bedford, and Greenwich, driving sub-3% historical vacancy and strong renewal economics. Recent comparable medical leasing in the Armonk / Mount Kisco corridor (WestMed, ENT and Allergy, CareMount expansions) continues to compress small-suite supply.
The opportunity is positioned for a private investor, 1031 buyer, or local medical sponsor seeking durable, needs-based cash flow with embedded rollover upside. In-place rents trail new-construction medical asking rents in northern Westchester, providing a clear NOI growth path on natural lease rollover without speculative repositioning risk.
All inquiries should be directed to Newmark.