98 Harding AveWhite Plains, NY 10606

Property Details for 98 Harding Ave

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 36-unit apartment building in White Plains, NY, presents a compelling investment opportunity. Located at 98 Harding Ave, 10606, this four-story, Class C building boasts a 95% occupancy rate as of June 1, 2024, generating a substantial Net Operating Income (NOI) of $345,000. The asking price is $5,500,000, representing a strong 6.27% cap rate and a price per unit of $152,777.78. The property features a mix of studio, one, two, and three-bedroom apartments, all within a well-maintained building showcasing classic English Tudor architectural details including large windows, high ceilings, wide hallways, exposed brick walls, terrazzo floors, and a grand lobby with archways and a brick fireplace. Its prime location offers residents convenient access to the White Plains Train Station, downtown White Plains, shopping, dining, and entertainment. The building's solid structure, including a roof in good condition, contributes to its ease of management and potential for future value appreciation. The property's strong financial performance and desirable location make it an attractive investment, with potential for further upside through unit renovations and reconfigurations. A package deal including an additional 123 units in Rockland County, NY, is available to qualified buyers.

Location Insight

City

White Plains

County

Westchester

State

New York

Latitude

41.0333

Longitude

-73.7794

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