108 Kensico Ave White Plains, NY 10604

This exceptional, newly constructed (2024) 16-unit apartment complex in White Plains, NY, presents a compelling investment opportunity. The property, located at 108 N Kensico Ave, boasts a prime location near Pace University Law School and Delfino Park, offering residents the convenience of suburban living with easy access to major transportation routes, dining, and shopping. The two-building complex features a mix of one- and two-bedroom units, designed in a townhouse style with loft-style options available. The 15,860 square foot property sits on a half-acre lot and includes 28 parking spaces equipped with 16 EV charging stations. Residents enjoy a range of amenities, including in-unit washer/dryers, a fitness center with a restroom, a resident lounge/party room with a kitchenette and restroom, and outdoor sitting areas. The property's modular construction and strong pro-forma cap rate of 7.32% (with a current cap rate of 5.60%) make it an attractive investment. The asking price is $7,495,000. This free-market development offers a compelling alternative to regulated markets, making it an ideal acquisition. The property is for sale by owner.