Industrial Flex Building For
77 Lafayette Ave White Plains, NY 10603
77 Lafayette Ave, White Plains, NY, 10603
$3,500,000
For Sale
$3,500,000
16,000 SF industrial flex building, 88% leased, ample parking.
Property Size16,000 SF
Lot Size0.69 Acres
Price / SF$218.75
Days on Market134
Property Features for 77 Lafayette Ave
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 0.69 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing agency
Houlihan Lawrence Commercial
(914) 960-9148
Listed by
Rich Aponte · License #10301200070
(914) 960-9148
Source
Elliman
Added: Mar 10 Updated: Jul 6 at 10:35AM Checked: Jul 21 at 6:41AM
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
Investment Insights
Based on property information with market context.
This 16,000 square foot industrial flex building is currently 88% leased with five tenants. It features 2000 Amp 3 phase power and ample parking with 46 spaces. The property includes three office tenants at street level and two tenants at the lower level. There is one vacancy of 1850 square feet. The property also features fenced parking and one overhead door bay. Permitted uses under the IND-A zoning include business and professional offices and studios, supply houses, warehouses and commercial distribution plants, manufacturing, fabricating, finishing, and assembling of products. Retail fuel storage and sales, storage of gasoline, public or private garages, automobile repair work (indoors only), gasoline filling and service stations, taxi and limousine dispatch facilities, off-street parking facilities, and fine arts instruction schools are also permitted. Available utilities include cooling, heating, and lighting.
Key Highlights
- 16,000 SF industrial flex building with 88% occupancy providing immediate income.
- 2000 Amp 3 phase power, suitable for various industrial uses.
- Ample parking with 46 spaces.
Local 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 | $439.7k | $27.48 |
| − Vacancy | −$113.0k | −$7.06 |
| EGI | $326.7k | $20.42 |
| − OpEx | −$81.7k | −$5.10 |
| NOI | $245.0k | $15.31 |
16,000 SF · lease $27.48/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $245,012 @ 7.0% cap · market cap 7.00%
Second Best
Flex RnD
$3.45M
$3.02M – $4.03M
NOI $241,613 @ 7.0% cap · market cap 6.90%
Theoretical Best
Retail
$4.83M
$4.23M – $5.64M
NOI $338,312 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
RKF Training
Gym & Fitness Center
FASTSIGNS® of White Plains, ...
(Bike/Boat/Book/etc) Store
American Star Contractor ...
Roofing Company
Emilio Accordions
(Bike/Boat/Book/etc) Store
Byram Concrete & Supply ...
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 16,000 SF industrial flex building, 88% leased, ample parking.
Where is this flex space located?
The property is located at 77 Lafayette Ave White Plains, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 16,000 SF industrial flex building with 88% occupancy providing immediate income.; 2000 Amp 3 phase power, suitable for various industrial uses.; Ample parking with 46 spaces.
