For Sale
$2,500,000

White Plains Rd Eastchester, NY 10583

High-yield multi-tenant property. Excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use investment opportunity presents a 4,538 square foot building located at 823-825 White Plains Road in Eastchester, New York, 10583. The property, built in 1965, is a two-story Class C building boasting 100% occupancy across four units. Currently generating a substantial Net Operating Income (NOI) of $205,366, this property offers a compelling 7.10% capitalization rate. The asking price is $2,500,000. The versatile space is suitable for a variety of uses, including creative office, medical office, and storefront retail, making it an attractive option for diverse tenants. Situated on a high-traffic corner of White Plains Road, near the Bronx River Parkway, this property benefits from excellent visibility and accessibility. The surrounding area features a dense residential population exceeding 40,000 residents with an average household income of $310,000, ensuring a strong customer base. Ample parking is available for tenants and customers. This is a rare opportunity to acquire a well-performing, multi-tenant property in a prime Eastchester location. All information is believed accurate but not warranted.

Highlights

  • 4,538 SF mixed-use building in Eastchester, NY, on a high-traffic corner of White Plains Road.
  • 100% occupied, four-unit building generating $205,366 NOI.
  • 7.10% capitalization rate with a $2,500,000 asking price.
  • Suitable for various uses including creative office, medical office, and retail.
  • Ample parking and strong demographics (40,000+ residents, $310,000 avg. household income).

Property Details for 0 White Plains Rd

Property type
Retail properties, Office properties
Square Feet
4,538 SF
Class
C
Year Built
1965
Stories
2
Units
4

Location Insight

City
Eastchester
County
Westchester
State
New York
Latitude
40.9689133
Longitude
-73.8078009

FAQs

What type of property is this?
Retail property - High-yield multi-tenant property. Excellent location.
Where is the retail property located?
The property is located at White Plains Rd Eastchester, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 4,538 SF mixed-use building in Eastchester, NY, on a high-traffic corner of White Plains Road.; 100% occupied, four-unit building generating $205,366 NOI.; 7.10% capitalization rate with a $2,500,000 asking price.
How can I contact the broker?
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0 White Plains Rd
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