439 Main St - Apartments FOR SALE


White Plains, NY 10601- Downtown White Plains
$1,700,000 USD
914-670-7065
439 Main St, White Plains, NY for Sale
$1,700,000 USD
Apartments - FOR SALE
1/40
null | 10.36% Cap Rate

439 Main St
White Plains, NY 10601
Downtown White Plains


HIGHLIGHTS

  • Tenants Pay All Utilities
  • Significant Upside Potential in Income
  • Walking distance to Downtown White Plains

OVERVIEW

NuRealty Advisors Inc. is proud to present the Exclusive Listing for 439 Main Street, White Plains, NY 10601. The property is an Eleven (11) Unit Multi-Family building offering Two (2) 1BRs and Nine (9) 2Brs. The Tenants are responsible to pay for Electric, Cooking Gas and Heat for both the Apartment and Water. Each Tenant has a separate water tank and boiler. The property offers a tremendous upside in income. Currently, the average rent is approximately $1,869 whereas the Fair Market Rent (FMR) for this area is $2,800. The property is being offered at a 10.36% Cap Rate with upside in White Plains! Cash-on-Cash Returns based on a 30% Equity Investment is over 17%! An investor can capitalize on this value-add opportunity which is a rare find in White Plains.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

11

PRICE/UNIT

$154,545

CAP RATE

10.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RM-1

APN/PARCEL ID

1700-126-053-00003-000-0009

ASK ABOUT THIS PROPERTY

Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.