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$ 8,995,000
Est. payment | /mo
0.5 Acres Lot
$ 8,995,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 994490
Rental Info No
Year Built 1975
Annual Tax Amount $129,545
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Mixed Use
Source onekey2
Property Description
111 Brook Street o?ers a compelling chance to acquire an o?ce/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-tra?c 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.
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-tra?c 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.
Location
State NY
County Westchester County
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Assigned, Parking Lot, Tandem
Utilities Available Natural Gas Connected
Total Parking Spaces 63
Building
Lot Description Corner Lot, Level
Story 3
Sewer Public Sewer
Water Public
Structure Type Block,Brick
Schools
High Schools Eastchester
School District Eastchester
Others
Special Listing Condition None

Listed by Houlihan Lawrence Inc. • John M. Seminara Jr.
NEARBY SCHOOL & BUSINESS
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