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