Spacious Junior 4 at
For Sale
$265,000
Pending
16 N Broadway 3E, White Plains, NY 10601
Bright, move-in ready 1BR + in White Plains.
Property Size925 SF
Lot Size1.35 Acres
Days on Market266
Property Features for 16 N Broadway 3E
General Information
Standard status
Pending
Size
925 SF
Lot size
1.35 Acres
Property subtype
Residential
Building Details
Building Size
925 SF
Year Built
1954
Listing Agency:
(914) 879-1576
Listed By:
Cynthia Weil
(914) 879-1576
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 20 at 9:57AM
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 Cynthia Weil
Investment Insights
Based on property information with market context.
This light and bright, spacious junior 4 residence is located in the Bradford House, a short distance from downtown White Plains. The unit features a large primary bedroom, plus an additional room off the kitchen suitable for use as a guest room, dining room, den, home gym, or office. The large foyer is often used as a dining area, which would expand the living room space. The residence is move-in ready. Garage parking is available via a waiting list, with ADA access at the rear entrance by the garage. Parking is also available across the street at the Hamilton/Main Garage for $140 per month. Additional storage is available for $50.00 per month. Note that there is a non-refundable application fee of $550.00, plus an additional $175.00 fee for each additional applicant. The debt-to-income ratio is 28%/35%. A minimum credit score of 700 is required. The building permits a maximum of two cats; no dogs are allowed.
Key Highlights
- Spacious junior 4 layout with versatile additional room suitable for guest room, dining room, den, home gym, or office.
- Prime location within walking distance to downtown White Plains.
- Move‑in ready and immaculately maintained condition.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,865
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,300
$317.3K
Cap Rate 7%
$226,643
$226.6K
Cap Rate 9%
$176,278
$176.3K
Market Conditions
NOI Build-Up for 925 SF
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.
Gross rent
$30.5K $33.00/SF
− Vacancy
−$1.7K −$1.82/SF
EGI
$28.8K $31.19/SF
− OpEx
−$13.0K −$14.03/SF
NOI
$15.9K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,300
Cap Rate 7%
$226,643
Cap Rate 9%
$176,278
Alternative Uses
Best Use
Apartment 5plus
$226.6K
$198.3K – $264.4K
NOI $15,865 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$279.4K
$244.5K – $326.0K
NOI $19,559 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 10601, NY
11,882
Population
6,031
Households
2
Avg Household Size
41
Median Age
56%
College-Educated
90%
High-School Grad
0.6 sq mi
ZIP Area
19,803
Density / Sq Mi
$90,733
Median Household Income
$59,660
Median Earnings
$1,975
Median Rent
$396,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Bright, move-in ready 1BR + in White Plains.
Where is this apartment building located?
The property is located at 16 N Broadway 3E White Plains, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Spacious junior 4 layout with versatile additional room suitable for guest room, dining room, den, home gym, or office.; Prime location within walking distance to downtown White Plains.; Move‑in ready and immaculately maintained condition.
