114 S Kensico Ave | 1 Brockway Pl
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114 S Kensico Ave 1 Brockway Pl
22,700 SF Retail Building White Plains, NY 10601 For Sale
Virtual Tour
Investment Highlights
- 22,700-square-foot single-story retail asset in the heart of White Plains, New York, with unrivaled exposure on a signalized corner.
- Unmatched transportation infrastructure, with direct access to major highways and proximity to the North Train line for an easy commute to NYC.
- Close to demand drivers like The Westchester Mall, with many national retailers such as Nordstrom, Neiman Marcus, Whole Foods, Target, and more.
- Current tenant's lease expires January 2025, ideal value-add investment, offering immense upside potential through strategic leasing or occupancy.
- White Plains boasts a thriving residential population of 209,102 and a median household income of $136,727 within a 5-mile radius.
- Direct access to Interstates 287, 684, and 95, and the Bronx River Parkway, allowing convenient regional east/west and north/south connections.
Executive Summary
1 Brockway Place - 114 South Kensico Avenue is a 22,700-square-foot single-story retail asset in the heart of White Plains, New York. Located on the signalized corner of Kensico Avenue and Brockway Place, the 0.91-acre lot has unrivaled exposure. The current long-term tenant’s lease expires in January 2025 after occupying the space for over 20 years. Zoned for light industrial with a specialized overlay, it allows for retail, medical offices, auto dealerships, banks, daycares, offices, and industrial. The asset offers tenants prominent building signage, ample parking, one large drive-in door, various entry points, and more. 1 Brockway Place - 114 South Kensico Avenue can be divided into various spaces for multi-tenant use, offering immense upside potential through strategic leasing or owner/user occupancy.
The property’s dynamic location in the White Plains CBD, directly off Interstate 287, offers an unmatched transportation infrastructure, providing a relaxed commute for employees and patrons from surrounding counties. Commuting to Midtown Manhattan is a breeze via the Metro North Train line. 1 Brockway Place - 114 South Kensico Avenue has direct access to Interstates 287, 684, and 95 and the Bronx River Parkway, allowing convenient regional east/west and north/south connections. The region has seen thriving residential growth, with a population of 209,102 and a median household income of $136,727 within a 5-mile radius. Located in Westchester County, it represents a significant concentration of highly educated individuals, with over half of the population having attained bachelor's and advanced degrees. The area’s strong demographics and annual consumer spending of $3.4 billion continue to attract new businesses.
Westchester has become a destination where people want to live and companies want to relocate. Situated about 30 miles north of Manhattan, White Plains is ranked as one of the safest places to live in New York. Surrounding amenities include notable golf courses, parks, breweries, entertainment venues, and restaurants. The robust transportation infrastructure and highly educated workforce market the area as the ideal work, live and play environment. Located near various demand drivers, the asset benefits from the traffic to national retailers such as Nordstrom, The Container Store, Loft, Neiman Marcus, Target, Whole Foods, and many more. 1 Brockway Place - 114 South Kensico Avenue offers immense upside potential through strategic leasing or occupancy.
The property’s dynamic location in the White Plains CBD, directly off Interstate 287, offers an unmatched transportation infrastructure, providing a relaxed commute for employees and patrons from surrounding counties. Commuting to Midtown Manhattan is a breeze via the Metro North Train line. 1 Brockway Place - 114 South Kensico Avenue has direct access to Interstates 287, 684, and 95 and the Bronx River Parkway, allowing convenient regional east/west and north/south connections. The region has seen thriving residential growth, with a population of 209,102 and a median household income of $136,727 within a 5-mile radius. Located in Westchester County, it represents a significant concentration of highly educated individuals, with over half of the population having attained bachelor's and advanced degrees. The area’s strong demographics and annual consumer spending of $3.4 billion continue to attract new businesses.
Westchester has become a destination where people want to live and companies want to relocate. Situated about 30 miles north of Manhattan, White Plains is ranked as one of the safest places to live in New York. Surrounding amenities include notable golf courses, parks, breweries, entertainment venues, and restaurants. The robust transportation infrastructure and highly educated workforce market the area as the ideal work, live and play environment. Located near various demand drivers, the asset benefits from the traffic to national retailers such as Nordstrom, The Container Store, Loft, Neiman Marcus, Target, Whole Foods, and many more. 1 Brockway Place - 114 South Kensico Avenue offers immense upside potential through strategic leasing or occupancy.
Sale Flyer
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$545,000
|
$24.01
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $545,000 |
| Annual Per SF | $24.01 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
22,700 SF
Building Class
B
Year Built/Renovated
1930/2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.91 AC
Zoning
LI - Light Industrial with Special/Grandfathered Zoning for Veterinarian, Medical, and Animal Overnight Boarding Use
Parking
38 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
197 FT on South Kensico Avenue
Amenities
- 24 Hour Access
- Atrium
- Corner Lot
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Walk Score ®
Very Walkable (88)
About White Plains
White Plains is ranked as one of the safest places to live in New York State. Residents here make well above the median average and most have college degrees.
Amenities in White Plains include notable golf courses, parks, breweries, entertainment venues, and restaurants. The robust transportation infrastructure and highly educated workforce market the area as the ideal work, live and play environment.
White Plains serves as the office hub for the largely suburban areas north of New York City. For employees living in Westchester County, connectivity to White Plains is achieved by easy road access to the area’s primary office node through Interstate 287 and the Bronx River Parkway. For those living in Manhattan or Fairfield County, the town has a dedicated Metro North train station that has shuttle service to many of the best buildings located in downtown.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
34,833
105,691
209,588
413,730
2029 Population
34,616
104,426
206,142
406,164
2024-2029 Projected Population Growth
-0.6%
-1.2%
-1.6%
-1.8%
Median Age
41.6
42.9
43.2
43.4
College Degree + Higher
48%
53%
58%
29%
Daytime Employees
47,492
85,366
161,837
263,691
Total Businesses
5,133
9,281
17,835
33,195
Average Household Income
$129,380
$149,767
$168,528
$164,433
Median Household Income
$98,996
$123,513
$142,891
$137,242
Total Consumer Spending
$522.5M
$1.6B
$3.3B
$6.4B
2024 Households
15,717
41,155
76,599
151,872
Average Home Value
$544,175
$653,097
$729,615
$725,426
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1700-126-061-00004-000-0004 | Improvements Assessment | $51,050 (2023) |
| Land Assessment | $46,950 (2023) | Total Assessment | $98,000 (2023) |
PROPERTY TAXES
Parcel Number
1700-126-061-00004-000-0004
Land Assessment
$46,950 (2023)
Improvements Assessment
$51,050 (2023)
Total Assessment
$98,000 (2023)
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114 S Kensico Ave | 1 Brockway Pl
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