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White Plains, NY 10603

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For Sale
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Three-story office building near NYC with development potential.

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Listing Contact
Cory Gubner
Source: Nmrk

Listing Agent: Cory Gubner

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Overview

Three-Story Office Building with Upside

The property features a three-story, 22,460-square-foot office building located 25 miles north of New York City and one block from a Metro-North Railroad station providing direct access to Manhattan’s Grand Central Terminal. The building is presently 49% leased to four tenants: Marino Partners LLP, Healy Electric Contracting, White Plains Pediatric Dentistry, and Dr. Charles Murov, DDS P.C. There is potential to increase revenue by leasing the 11,462 square feet of currently available office space. Additionally, three of the current tenants operate under month-to-month or short-term leases. Two adjacent sites totaling 0.22 acres are included in the sale: 104 Harlem Street and 16 Bond Street. 104 Harlem Street is an autobody shop with a single month-to-month tenant paying $6,550 per month in rent. 16 Bond Street is a fully occupied two-family house, currently receiving a combined rent of $2,460 per month from tenants on month-to-month leases. Studies by ownership indicate the assemblage can be combined to develop a residential building with 103 units. The property benefits from a transit-oriented location in White Plains, offering access to New York City via its proximity to a Metro-North Railroad station and Interstate 287, which connects to Interstates 87, 95, and 684, and the Bronx River Parkway. It is also located 1.5 miles from Downtown White Plains, a business and retail center with over 100 shopping and dining amenities. The surrounding area includes a densely populated residential base, a well-educated workforce, college campuses, and Westchester County Airport. White Plains is known as the commercial hub of Westchester County.
Location Intelligence

Current Use by Public Records

Office buildings

Map

City
White Plains
County
Westchester
State
New York
Longitude
-73.7747
Latitude
41.0597

FAQs

What type of property is this?
Office building - Three-story office building near NYC with development potential.
Where is this office building located?
The property is located at White Plains, NY.
What are key features of this property?
This property features: - Transit-oriented location: Just one block from Metro-North Railroad station for direct access to Manhattan, plus easy access to major highways.; - Significant upside potential: Lease up the 11,462 square feet of vacant office space and explore renegotiating short-term leases.; - Development opportunity: Includes two adjacent properties (0.22 acres total) suitable for residential development of 103 units.
More about this property
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