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    146 Lafayette Ave White Plains, NY 10603

    For Sale
    $4,150,000

    High-Yield Multi-Tenant Industrial Property

    Property size:
    21,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a portfolio of three mixed-use properties totaling 21,380 square feet in White Plains, New York. Currently generating a substantial monthly income of $18,500 from three existing leases, this assemblage offers immediate cash flow. The property comprises three separate buildings situated at 146, 150, and 154 Lafayette Avenue, zip code 10603, within Westchester County. The industrial component offers 14,000 square feet of land currently leased for $10,000 per month. In addition, there is 900 square feet of vacant office or storage space available for lease, presenting further income potential. The asking price for the entire portfolio is $4,150,000, translating to a price per square foot of $194.11. The properties benefit from a modified lease structure and multi-tenant occupancy. Combined 2022 property taxes totaled $42,039. This is a rare chance to acquire a well-performing, multi-tenant industrial property with significant upside potential in a prime White Plains location. The flexible space allows for diverse uses and future expansion. This is an ideal investment for those seeking immediate return and long-term growth.

    Property Features for 146 Lafayette Ave

    General Information

    Property type
    Flex space
    Square Feet
    21,380 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7715269
    Latitude
    41.0648452

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    FAQs

    What type of property is this?
    Flex space - High-Yield Multi-Tenant Industrial Property
    Where is this flex space located?
    The property is located at 146 Lafayette Ave White Plains, NY.
    What is the asking price?
    The asking price for this property is $4,150,000.
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    146 Lafayette Ave White Plains, NY 10603
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    White Plains, NY 10603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    146 Lafayette Ave White Plains, NY 10603
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