Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    40 Lawrence Dr, Unit A White Plains, NY 10603

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $285,000

    First-floor, 2-bedroom apartment near transportation and amenities.

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Trudi Iglesias
    Source: Elliman

    Listing Agent: Trudi Iglesias

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Convenient White Plains Apartment

    The Edgebrook apartment is situated in a convenient location in White Plains, within the Valhalla School District. It is located within 5 minutes of both the Valhalla and North White Plains Metro North Stations, providing access to Grand Central in NYC. The property also offers easy access to the Bronx River Parkway. The location is within minutes of coffee shops, restaurants, grocery stores, parks, Kensico Dam, and other amenities. This first-floor, corner, 2-bedroom apartment features ample natural light and is set in a park-like environment. The eat-in-kitchen includes space for a small table, ample cabinet storage, and granite counters. The living space is large enough to accommodate a full-sized dining table and living room. The primary bedroom has a large closet, and the additional bedroom includes a double closet. One parking space is included. The building permits up to two indoor cats.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.779085
    Latitude
    41.063346

    Nearby Similar for Sale

    • $875,000
      Pending

      Victorian Multi-Family in White Plains

      Well-maintained 3-family home in family-friendly Fisher Hill neighborhood.
      157 Fisher Ave, White Plains, NY 10606
      View Details
    • $979,000
      Pending

      Two-Family Home in West Harrison

      Clean, two-family home near transportation and village amenities.
      17 Edward St, West Harrison, NY 10604
      View Details
    • $785,000
      Pending

      White Plains Multifamily Investment Opportunity

      Two-unit property in White Plains, ideal for investors or flexible living.
      63 Grant Ave, White Plains, NY 10603
      View Details
    • $1,650,000
      Pending

      White Plains Office/Residential Opportunity

      Office space or residential development opportunity in White Plains, NY.
      19 Greenridge Ave, White Plains, NY 10605
      View Details
    • $1,399,000
      0.44 Acres

      Oversized Two-Family Home, White Plains

      Spacious two-family home with views and parking near Metro North.
      38 Park Ave, White Plains, NY 10603
      View Details
    • $699,000
      Pending

      Victorian Duplex in White Plains

      Charming Victorian two-family home in desirable White Plains neighborhood.
      128 Hale Ave, White Plains, NY 10605
      View Details
    • $99,000
      900 SF

      Renovated Office Space in White Plains

      Turnkey 900 SF office co-op in downtown White Plains.
      10 Old Mamaroneck Rd, White Plains, NY 10605
      View Details
    • $568,000
      1,133 SF

      Top-Floor Unit with Tree-Top Views

      Top-floor unit with modern amenities and convenient White Plains access.
      31 Greenridge Ave, White Plains, NY 10605
      View Details
    • $825,000

      Two-Family Home in The Highlands

      Two-unit property near shopping, dining, and transportation.
      40 Longview Ave, White Plains, NY 10605
      View Details
    • $599,950

      Grand Penthouse Apartment with Upgrades

      Spacious 4-bedroom penthouse with numerous upgrades and convenient location.
      25 Lake St, White Plains, NY 10603
      View Details
    • $2,975,000

      Versatile Property in White Plains

      Adaptable commercial space with redevelopment potential in a prime location.
      70 Gedney Way, White Plains, NY 10605
      View Details
    • $319,000

      White Plains Co-op with Terrace

      Spacious 2-bedroom, 2-bathroom co-op with private terrace.
      16 N Broadway 4R, White Plains, NY 10601
      View Details

    FAQs

    What type of property is this?
    Apartment building - First-floor, 2-bedroom apartment near transportation and amenities.
    Where is this apartment building located?
    The property is located at 40 Lawrence Dr, Unit A White Plains, NY.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Convenient location: **5 minutes to Valhalla and North White Plains Metro North Stations for easy access to NYC.**; - Valhalla School District.; - **First-floor, corner unit with ample natural light and park-like setting.**
    (914) 328-0333
    Request Owner's contact information
    40 Lawrence Dr, Unit A White Plains, NY 10603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Lawrence Dr, Unit A
    White Plains, NY 10603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Lawrence Dr, Unit A White Plains, NY 10603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Trudi Iglesias
    (914) 328-0333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.