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439 Main Street White Plains NY 10601

439 Main Street White Plains NY 10601, NY 10601

White Plains
$1,700,000

Property Highlights

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.

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Property Features

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

Nurealty Advisors INC

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