Four-Tenant Strip Mall with
New
For Sale
$3,099,000
120-122 E Post Rd, White Plains, NY 10601
Fully occupied four-tenant retail property on a primary Downtown White Plains corridor with in-place annual rent increases.
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$516.50
Days on Market3
Property Features for 120-122 E Post Rd
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.14 Acres
Property subtype
Shopping Strip
Occupancy
100%
Additional Details
Cap Rate
6.44%
Frontage
60 ft
Amenities
Fully Occupied Four-Tenant Retail Property in Downtown White Plains with Stable In-Place Cash Flow.
Approximately 6,000 SF Retail Building on 6,098 SF Parcel with 60 Feet of Frontage Along East Post Road
Benefiting From More Than 3,200 New Residential Units in Immediate Market Area, as well as Convenient Access to White Plains Hospital and the White Plains Metro North Train Station.
Building Details
Building Size
6,000 SF
Year Built
1931
Buildings
1
Tenancy
Multi
Listing Agency:
New York City Office
(212) 430-5229
Listed By:
Scott Plasky · License #License(s): NY: 40PL1176852
(212) 430-5229
Source:
Marcusmillichap
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 2:49AM
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 New York City Office
Investment Insights
Based on property information with market context.
The offering is a fully occupied, four-tenant strip mall retail property consisting of a 6,000-square-foot building on a 6,098-square-foot lot with 60 feet of frontage along East Post Road. The property is 100 percent occupied by four established retail tenants, and each tenant is responsible for a pro rata share of real estate taxes. The leases include annual increases for all four tenants.
The property is positioned in the heart of Downtown White Plains, located just blocks from the central business district and right off the corner of Mamaroneck Avenue. Built in 1931, the asset benefits from its presence along one of Downtown White Plains’ primary commercial corridors and from the continued growth of the local live-work-play environment.
With an estimated 6.44% cap rate noted for the offering, the property provides an investor an income stream supported by existing in-place tenants.
The property is positioned in the heart of Downtown White Plains, located just blocks from the central business district and right off the corner of Mamaroneck Avenue. Built in 1931, the asset benefits from its presence along one of Downtown White Plains’ primary commercial corridors and from the continued growth of the local live-work-play environment.
With an estimated 6.44% cap rate noted for the offering, the property provides an investor an income stream supported by existing in-place tenants.
Key Highlights
- 6,000‑square‑foot retail building on 6,098‑square‑foot lot
- 60 feet of frontage along East Post Road
- 100% occupied by four established retail tenants
Financial Insights For Retail
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 | $208.8k | $34.80 |
| − Vacancy | −$27.6k | −$4.59 |
| EGI | $181.2k | $30.21 |
| − OpEx | −$54.4k | −$9.06 |
| NOI | $126.9k | $21.14 |
6,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.11M
NOI $126,867 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,333
Businesses Nearby
222k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 46%
Groceries 25%
Shops & Services 25%
Home Improvements & Furnishings 5%
Nordstrom
Apparel
101,332 visits/mo
0.2 miles
Stop & Shop
Groceries
54,588 visits/mo
0.4 miles
Mobil
Shops & Services
20,525 visits/mo
0.4 miles
The Container Store
Home Improvements & Furnishings
11,287 visits/mo
0.3 miles
The UPS Store
Shops & Services
7,496 visits/mo
0.4 miles
Demographics for 10601, NY
11,882
Population
6,031
Households
2
Avg Household Size
41
Median Age
56%
College-Educated
90%
High-School Grad
0.6 sq mi
ZIP Area
19,803
Density / Sq Mi
$90,733
Median Household Income
$59,660
Median Earnings
$1,975
Median Rent
$396,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied four-tenant retail property on a primary Downtown White Plains corridor with in-place annual rent increases.
Where is this strip mall located?
The property is located at 120-122 E Post Rd White Plains, NY.
What is the asking price?
The asking price for this property is $3,099,000.
What are key features of this property?
This property features: 6,000‑square‑foot retail building on 6,098‑square‑foot lot; 60 feet of frontage along East Post Road; 100% occupied by four established retail tenants
