Renovated Business Coop in White
10 Nosband Ave 1L White Plains, NY 10605
For Sale
$349,000
Updated commercial space ideal for various professional uses.
Property Size1,211 SF
Price / SF$288.19
Days on Market94
Property Features for 10 Nosband Ave 1L
General Information
- Standard status
- Active
- Size
- 1,211 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency:
Houlihan Lawrence Commercial Real Estate Group
(917) 596-4789
Listed By:
Darren S. Gordon
(917) 596-4789
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 12:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houlihan Lawrence Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a renovated first-floor business cooperative in downtown White Plains. Unit 1L at 10 Nosband Avenue features 1,211 square feet of updated, move-in-ready commercial space within Bristol House, a meticulously maintained 1930s prewar cooperative. The unit's ground-level access and excellent visibility make it ideal for medical, wellness, legal, financial, insurance, real estate, or consulting businesses. Bristol House is a six-story, 72-unit prewar co-op with a grand lobby featuring chandeliers, exposed wood beams, and marble floors, as well as elevator service, on-site laundry, storage, a bike room, and a live-in superintendent. Two dogs are permitted. The property is located one block from Mamaroneck Avenue’s dining, retail, and nightlife corridor, offering exceptional walkability to shops, restaurants, banks, and professional services. Metro North is a short distance away, providing approximately 35-minute express service to Grand Central. There is easy access to I-287, the Hutch, and the Cross Westchester. Municipal 24-hour parking is available steps away at Shapham Place and Mamaroneck Avenue lots. An on-site garage waitlist is available. This is a compelling opportunity for an owner-occupant or investor in Westchester’s premier business center.
Key Highlights
- Renovated, move‑in ready 1,211 SF commercial space in downtown White Plains.
- Ideal for medical/wellness, legal, financial, insurance, real estate, or consulting uses due to ground level access and excellent visibility.
- Located one block from Mamaroneck Avenue's dining, retail, and nightlife.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.3k | $27.48 |
| − Vacancy | −$8.6k | −$7.06 |
| EGI | $24.7k | $20.42 |
| − OpEx | −$6.2k | −$5.10 |
| NOI | $18.5k | $15.31 |
1,211 SF · lease $27.48/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$264.9K
$231.8K – $309.1K
NOI $18,544 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$365.8K
$320.1K – $426.8K
NOI $25,606 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Orthodontic Specialists of White ...
Dental Office
Andrew Goodemote
Dental Office
Dr. Ellen Honig
Dental Office
Dr. Denise Benkel
Physician
BMW Management PC
Accounting Firm
FAQs
What type of property is this?
Office units - Updated commercial space ideal for various professional uses.
Where is this office units located?
The property is located at 10 Nosband Ave 1L White Plains, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Renovated, move‑in ready 1,211 SF commercial space in downtown White Plains.; Ideal for medical/wellness, legal, financial, insurance, real estate, or consulting uses due to ground level access and excellent visibility.; Located one block from Mamaroneck Avenue's dining, retail, and nightlife.
