Freestanding Office Building with
62 Waller Ave White Plains, NY 10605
New
For Sale
$999,999
Freestanding office building with seven units, two entrances, and six private parking spaces.
Property Size2,600 SF
Price / SF$384.62
Days on Market5
Property Features for 62 Waller Ave
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Building Details
Year Built
1924
Listing Agency:
Houlihan Lawrence Inc.
(914) 906-6762
Listed By:
Anil N. Soman
(914) 906-6762
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 8:31AM
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 Inc.
Investment Insights
Based on property information with market context.
Freestanding two-story building totaling 2,600 square feet, currently configured as professional office space. The property features seven units and is set up with two separate entrances, supporting a flexible internal layout for private offices, conference rooms, and reception areas.
The building offers street visibility and includes six private parking spaces. Walkability is limited, with the area described as car-dependent, while transit access is moderate.
The configuration and dual entry setup also present an option to restore the building to multi-family use or continue as a mixed-use property, subject to applicable approvals.
The building offers street visibility and includes six private parking spaces. Walkability is limited, with the area described as car-dependent, while transit access is moderate.
The configuration and dual entry setup also present an option to restore the building to multi-family use or continue as a mixed-use property, subject to applicable approvals.
Key Highlights
- Freestanding 2,600 SF building built in 1924 with seven units and a current office configuration
- Features two separate entrances for flexible access and potential multi‑use setup
- Includes six private parking spaces
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 | $71.4k | $27.48 |
| − Vacancy | −$18.4k | −$7.06 |
| EGI | $53.1k | $20.42 |
| − OpEx | −$13.3k | −$5.10 |
| NOI | $39.8k | $15.31 |
2,600 SF · lease $27.48/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.8K
$497.7K – $663.6K
NOI $39,814 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$785.4K
$687.2K – $916.3K
NOI $54,976 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Freestanding office building with seven units, two entrances, and six private parking spaces.
Where is this office units located?
The property is located at 62 Waller Ave White Plains, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Freestanding 2,600 SF building built in 1924 with seven units and a current office configuration; Features two separate entrances for flexible access and potential multi‑use setup; Includes six private parking spaces
