52,500 SF 84% Leased Office Building

INVESTMENT HIGHLIGHTS

Long Term Tenancies – Average Occupancy 12 Years Parking Steps from the Building On Site Management

Newly Renovated Lobbies, Elevators, Common Areas Steps to Westchester Mall

EXECUTIVE SUMMARY

34 South Broadway is located in downtown White Plains it’s premier location offers unbeatable access to top-tier amenities, transportation, and a dynamic business and lifestyle community. A stable long-term tenant roster including medical, accounting, law and professional service firms makes it a solid investment opportunity with upside and growth potential. Average tenant-in-occupancy is 12 years.

Well-maintained interiors, flexible floor plans, and high-speed connectivity make it suitable for a range of professional tenancies. Easy access to I-287, Bronx River Parkway, and major highways, plus ample parking options for tenants and visitors.

The most recent sale of 60 South Broadway, located just steps away from 34 South Broadway will provide additional long-term stability and growth potential for this asset. With approved plans for 814 apartments and 28,000 sf of retail space, with no office or professional space, it will create an additional base of clients for current and potential professional, medical, and service providing tenants at 34 South Broadway.

34 South Broadway stands out as a premier investment opportunity that offers long term stability, value, and growth.

PROPERTY FACTS

Sale Type – Investment

Property Type – Office

Property Subtype – Medical

Building Size – 52,500 SF

Building Class – B

Year Built/Renovated – 1970/2018

Cap Rate – 7.50%

Percent Leased – 84%

Tenancy – Multiple

Building Height – 7 Stories

Typical Floor Size – 7,500 SF

Slab To Slab – 10’

Building FAR – 5.02

Lot Size – 0.24 AC

Zoning – CB-3 – Commercial