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Multi-Family Investment Opportunity
For Sale
$1,800,000

141 Ferris Avenue, White Plains, NY 10603

11-unit multi-family property with on-site parking near transportation.

Property SizeContact for details
Days on Market483

Property Features for 141 Ferris Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $27,898

Building Details

Year Built 1924
Listing Agency: HOWARD HANNA RAND REALTY
Listed By: DONNA VIENI
Source: Corcoran
Added: May 16, 2025 Changed: Mar 16 Last Checked: Aug 25 at 5:21AM

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 HOWARD HANNA RAND REALTY

Investment Insights

Based on property information with market context.

This brick building presents an investment opportunity with 11 units. The property includes 9 ETPA-regulated apartments and 2 rent-controlled apartments, offering a setup for long-term rental income. On-site parking is available, with a large lot accommodating 15 cars plus a 2-car garage. The location provides access to the Metro-North Railroad, local shops, bus lines, and major parkways and highways.

Key Highlights

  • 11‑Unit Multi‑Family Building: Provides substantial rental income potential.
  • On‑Site Parking: Large lot accommodates 15 cars plus a 2‑car garage.
  • Excellent Location: Near Metro‑North Railroad, local shops, bus lines, major parkways and highways.

Property Analytics

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Current Use

Bruni & Campisi Plbg-Htg-AC Production Facility

Suggested Use

Top Pick Florist (Bike/Boat/Book/etc) Store Catering Service Fish Market Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,086
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 11-unit multi-family property with on-site parking near transportation.
Where is this apartment building located?
The property is located at 141 Ferris Avenue White Plains, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 11‑Unit Multi‑Family Building: Provides substantial rental income potential.; On‑Site Parking: Large lot accommodates 15 cars plus a 2‑car garage.; Excellent Location: Near Metro‑North Railroad, local shops, bus lines, major parkways and highways.
More about this property
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