141 Ferris Ave
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141 Ferris Ave
11 Unit Apartment Building $2,100,000 ($190,909/Unit) 6% Cap Rate White Plains, NY 10603
Investment Highlights
- CLose to Metro North Railroad
- Parking available
Executive Summary
Prime 11-Unit Multi-Family Investment Opportunity! This impressive brick building, in great condition, offers a rare combination of convenience, stability, and income potential. Featuring 11 spacious units, including 9 ETPA-regulated and 2 rent-controlled apartments, this property provides an ideal setup for long-term rental income. Residents enjoy easy access to on-site parking, with a large lot accommodating 15 cars plus a 2-car garage. Located near the Metro-North Railroad, local shops, bus lines, and major parkways and highways. A fantastic opportunity for investors seeking a stable, high-demand rental asset!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,100,000 | Property Subtype | Apartment |
| Price Per Unit | $190,909 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Size | 6,960 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1924 |
| Price | $2,100,000 |
| Price Per Unit | $190,909 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Size | 6,960 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1924 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,478 | 500 |
| 1+1 | 2 | $1,257 | 500 |
| 3+2 | 3 | $748.00 | 630 |
| 1+1 | 4 | $1,008 | 413 |
| 1+1 | 6 | $1,234 | 413 |
| 1+1 | 7 | $1,054 | 413 |
| 1+1 | 8 | $1,773 | 413 |
| 1+1 | 9 | $994.00 | 413 |
| 1+1 | 10 | $999.00 | 413 |
1 of 1
PROPERTY TAXES
| Parcel Number | 1700-125-050-00002-000-0001 | Total Assessment | $25,000 |
| Land Assessment | $3,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $21,500 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1700-125-050-00002-000-0001
Land Assessment
$3,500
Improvements Assessment
$21,500
Total Assessment
$25,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Donna Vieni -
HOWARD HANNA RAND REALTY WP
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