216 Central AveWhite Plains, NY 10606

Property Details for 216 Central Ave

Year built

1950

Lot size

0.59 AC

Property size (Sq ft)

35,500 SF

Zone code

B-3

Property type

Office buildings

APN

551700 125.57-5-4

APU

5517001255754

Description

This unique 35,500 square foot office building, located at 216 Central Ave, White Plains, NY 10606 (near Harding Ave.), offers a blend of traditional and creative office spaces. Originally built in 1950, the property sits on 0.59 acres and is zoned B-3. Currently operating as a music conservatory, the building features multiple tenancies with a minimum divisible space of 2,897 square feet and a total of 2,897 square feet currently vacant. The building boasts 35 parking spaces and an elevator (ADA compliant except for the third floor). A new security system with card access is being implemented shortly. Many units include existing pianos. The building is available for occupancy during standard business hours, with specific evening and weekend access granted by the owner on a per-unit basis. The building has a 1.38 FAR and the APN is 1700-125-057-00005-000-0004. This property presents a rare opportunity in the White Plains submarket for businesses seeking a distinctive and inspiring workspace. Ideal for creative industries or businesses needing flexible space.

• CAP approach

  CAP return

  Valuation

  6%

  $5,869,210

  6.5%

  $5,417,732

  7%

  $5,030,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,638,430

  Geo Method

  $4,638,430

• Alternative Use

  Use

  Valuation

  Residential Income

  $6,717,988

  Hospitality / Lodging

  $6,153,642

  Institutional / Educational

  $5,119,758

  Healthcare / Senior Housing

  $5,295,834

  Retail / Commercial

  $7,964,067

Location Insight

City

White Plains

County

Westchester

State

New York

Latitude

41.0363

Longitude

-73.7807

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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