89 Ferris Ave - Apartments FOR SALE


White Plains, NY 10603
$1,350,000 USD
914-292-1081
89 Ferris Ave, White Plains, NY for Sale
$1,350,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

89 Ferris Ave
White Plains, NY 10603


HIGHLIGHTS

  • This offering presents a three-parcel portfolio consisting of a three-unit building and two adjoining 5,800-square-foot lots.
  • White Plains, NY, is a booming community with development projects, mixed-use buildings, and transit-oriented facilities near Downtown.
  • The lots are gated and currently used for parking.
  • The lots offer development potential for one-or-two family homes on each.

OVERVIEW

The Oak and Avery Group presents an exceptional investment opportunity with the sale of 89 Ferris Avenue and 29-35 Fairview Avenue in White Plains, NY. 89 Ferris Avenue is a well-maintained three-family brick building with a two-car garage. The property consists one two-bedroom and two three-bedroom apartments. With below-market rents and month-to-month leases, there's potential for rental increases. Recent improvements include a new gas boiler, water heater, and updated common area lighting. The sale also includes the two contiguous lots at 29-35 Fairview Avenue, totaling 11,700 square feet, offering significant redevelopment potential. While the lots are gated and can be used for parking, they are zoned R2-4, which allows for one-to-two-family homes, providing flexibility for various development scenarios. The properties are strategically located near Downtown White Plains and within walking distance of the White Plains Metro North Train Station, offering easy access to employment, shopping, dining, and transportation options

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

5

PRICE/UNIT

$270,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,990 SF

ZONING

UR-2

APN/PARCEL ID

1700-125-050-00002-000-0015

ASK ABOUT THIS PROPERTY

David AlgarinThe Oak & Avery Group, LlcMore Info
914-292-1081

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David AlgarinThe Oak & Avery Group, LlcMore Info
914-292-1081

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