Investment Summary
NuRealty Advisors Inc. is proud to present the Exclusive Listing for 439 Main Street, White Plains, NY 10601. The property is an Eleven (11) Unit Multy-Family building offering Two 1BRs and Nine 2BRs. The Tenants are responsible to pay for Electric, Cooking Gas, and Heat for both the Apartment and Water. Each Tenant has a separate water tank and boiler. The property offers a tremendous upside in income. Currently, the average rent is approximately $1,869 whereas the Fair Market Rent for this area is $2,800. The property is being offered at a 10.36% Cap Rate with upside in White Plains! Cash-on-Cash Returns based on a 30% Equity Investment is over 17%! An investor can capitalize on this value-add opportunity which is rare find in White Plains.
Contact NuRealty Advisors Inc. for more information.
Asking Price: | $1,700,000 |
Property Address: | 439 Main Street White Plains NY 10601 |
Numbers of Units: | 11 |
Building Size: | 7802 |
No of Stories: | 2 |
Year Built: | 1927 |
Lot SF: | 6231 |