89 Ferris Ave
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89 Ferris Ave
3 Unit Apartment Building Offered at $1,350,000 in White Plains, NY 10603
Investment Highlights
- 3-Parcel Portfolio Consisting of a 3-Unit Building and Two Adjoining ~5,800 SF Lots
- Lots Are Gated & Currently Used For Parking | Development Potential for 1 or 2 Family Homes On Each Lot
Executive Summary
The Oak and Avery Group presents an exceptional investment opportunity: the sale of 89 Ferris Avenue and 29-35 Fairview Avenue in White Plains, NY.
89 Ferris Avenue is a well-maintained 3-family brick building with a 2-car garage. The property consists of a 2-bedroom and two 3-bedroom apartments. With below-market rents and month-to-month leases, there's potential for rental increases. Recent improvements, including a new gas boiler, water heater, and updated common area lighting.
The two contiguous lots at 29-35 Fairview Avenue, totaling 11,700 SF, offer significant redevelopment potential. While the lots are gated and can be used for parking, they are zoned R2-4 Which allows for 1-2 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
89 Ferris Avenue is a well-maintained 3-family brick building with a 2-car garage. The property consists of a 2-bedroom and two 3-bedroom apartments. With below-market rents and month-to-month leases, there's potential for rental increases. Recent improvements, including a new gas boiler, water heater, and updated common area lighting.
The two contiguous lots at 29-35 Fairview Avenue, totaling 11,700 SF, offer significant redevelopment potential. While the lots are gated and can be used for parking, they are zoned R2-4 Which allows for 1-2 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
Property Facts
| Price | $1,350,000 | Property Type | Multifamily |
| Price Per Unit | $450,000 | Building Size | 3,360 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built | 1924 |
| Price | $1,350,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,360 SF |
| No. Stories | 3 |
| Year Built | 1924 |
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89 Ferris Ave
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