4-Unit Multifamily with
New
For Sale
$1,299,000
179 Chatterton Ave, White Plains, NY 10606
Two apartments have an additional bonus room, alongside four one-bedroom layouts.
Property Size2,616 SF
Days on Market2
Property Features for 179 Chatterton Ave
General Information
Standard status
Active
Size
2,616 SF
Total Parking Spaces
3
Property subtype
Investment
Zoning
B-3
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,278
Building Details
Building Size
2,616 SF
Year Built
1926
Units
4
Construction
stucco
Listing Agency:
Coldwell Banker Residential Brokerage
Listed By:
Magdalena Pawlowska
(914) 447-8135
Source:
Elliman
Added: Oct 19
Last Checked: Oct 20 at 7:20PM
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 Coldwell Banker Residential Brokerage
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Investment Insights
Based on property information with market context.
This 1926 stucco multifamily property in White Plains contains four one-bedroom apartments, with a bonus room in two units. Hardwood flooring runs throughout, and the home also has a front porch and a private deck. A detached garage accommodates three cars. The property is on a corner lot and is zoned Commercial (B-3).
Recent work includes five electric meters, four gas line meters, a water heater, a roof, two 330-gallon oil tanks, garage doors, and exterior painting. The Metro-North station, downtown White Plains, shopping, dining, parks, and entertainment are within walking distance. Major highways and parkways are accessible, and the stated commute to Grand Central Station is 35–38 minutes.
Recent work includes five electric meters, four gas line meters, a water heater, a roof, two 330-gallon oil tanks, garage doors, and exterior painting. The Metro-North station, downtown White Plains, shopping, dining, parks, and entertainment are within walking distance. Major highways and parkways are accessible, and the stated commute to Grand Central Station is 35–38 minutes.
Key Highlights
- Four one‑bedroom apartments; two have a bonus room
- Detached garage with space for 3 cars
- Commercial (B‑3) zoning on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,954
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,080
$1.0M
Cap Rate 7%
$727,914
$727.9K
Cap Rate 9%
$566,156
$566.2K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$77.9K $29.76/SF
− Vacancy
−$5.1K −$1.93/SF
EGI
$72.8K $27.83/SF
− OpEx
−$21.8K −$8.35/SF
NOI
$51.0K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,080
Cap Rate 7%
$727,914
Cap Rate 9%
$566,156
Alternative Uses
Best Use
Multifamily LT 5
$727.9K
$636.9K – $849.2K
NOI $50,954 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$641.0K
$560.9K – $747.8K
NOI $44,869 @ 7.0% cap · market cap 3.45%
Theoretical Best
Retail
$790.2K
$691.4K – $921.9K
NOI $55,314 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 10606, NY
16,929
Population
6,920
Households
2.4
Avg Household Size
38
Median Age
45%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
11,286
Density / Sq Mi
$114,956
Median Household Income
$56,651
Median Earnings
$2,452
Median Rent
$667,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two apartments have an additional bonus room, alongside four one-bedroom layouts.
Where is this multifamily property located?
The property is located at 179 Chatterton Ave White Plains, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four one‑bedroom apartments; two have a bonus room; Detached garage with space for 3 cars; Commercial (B‑3) zoning on a corner lot
