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Three-Story Office Building with Upside
For Sale
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White Plains, NY 10603, White Plains, NY 10603

Three-story office building near NYC with development potential.

Property Size22,460 SF
Lot Size0.22 Acres
Days on Market184

Property Features

General Information

Standard status Active
Size 22,460 SF
Lot size 0.22 Acres
Property subtype Office
Listing Agency:
Listed By: Cory Gubner
Source: Nmrk
Added: Jan 27 Changed: Jul 10 Last Checked: Jul 30 at 4:45AM

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 Cory Gubner

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Office buildings

Location Intelligence

Trade Area within ½ mile

5,899
Businesses Nearby

Demographics for 10603, NY

18,033
Population
7,624
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
88%
High-School Grad
3.4 sq mi
ZIP Area
5,304
Density / Sq Mi
$121,450
Median Household Income
$56,466
Median Earnings
$1,905
Median Rent
$499,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

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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