Rare chance to purchase a stabilized investment property in highly sought after Scarsdale P.O section of Eastchester in Lower Westchester County, with a medical conversion value-add opportunity. Currently 94% leased, 111 Brook St. is a prime +/-30,000 SF retail/office building situated in a GB zone. Comprehensive renovation completed in 2022 features modernized lobby with digital directory, updated hallways with new tile and LED lighting, new common bathrooms, 30+ camera indoor/outdoor CCTV security system, new elevator, landscaping, roof, and HVAC systems. Located on a high traffic street corner adjacent to a local park, with ample street parking available. Close proximity to mass transit, including Bronx River Parkway, Hutchinson River Parkway, Route 22, and Scarsdale Metro-North station. Included is a 10,000 SF second parcel located at 103-107 Montgomery Ave, which is currently used for extra offsite parking for an additional +/-30 cars (potential buildable lot in RB Zone).
111 Brook Street, Scarsdale, (Eastchester), NY, 10583
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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