Industrial Assemblage in White
146 Lafayette Ave White Plains, NY 10603
For Sale
Contact for pricing
Pending
Income-producing industrial-zoned assemblage on 0.70 acres in White Plains.
Property Size21,380 SF
Lot Size0.70 Acres
Days on Market1272
Property Features for 146 Lafayette Ave
General Information
- Standard status
- Pending
- Size
- 21,380 SF
- Lot size
- 0.70 Acres
- Property subtype
- Industrial, Mixed Use, Multifamily
Listing Agency:
The Agency
(914) 262-2598
Listed By:
Bryan Lanza · License #NY 10401287317
Source:
Crexi
Added: Jan 31, 2023
Changed: Jul 10
Last Checked: Jul 26 at 1:35PM
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 The Agency
Investment Insights
Based on property information with market context.
Located in White Plains, NY, the assemblage at 146-154 Lafayette Avenue features three income-producing properties on 0.70 acres of industrial-zoned land. The location provides immediate access to I-287, Bronx River Parkway, and Route 22. The site includes two multifamily houses and one single-family residence, all leased on month-to-month terms. There is also 900 square feet of vacant office/storage space and industrial parking available for lease. The total site area is 29,620 square feet. The properties include 146 Lafayette Ave (1,626 SF building on 17,424 SF lot), 150 Lafayette Ave (5,000 SF building on 6,100 SF lot), and 154 Lafayette Ave (1,298 SF building on 6,098 SF lot). The current rent for 146 Lafayette Ave is $7,000/month, for 150 Lafayette Ave is $7,000/month, and for 154 Lafayette Ave is $4,500/month. The 2025 taxes are $18,620 for 146 Lafayette Ave, $14,130 for 150 Lafayette Ave, and $9,289 for 154 Lafayette Ave. The existing monthly income is $18,500 from residential leases, with potential additional income of $6,500 from parking. The annualized income is approximately $225,000, with Common Area Maintenance charges of approximately $12,000 per year. The property is suitable for contractor yards, warehouse, logistics, or adaptive reuse opportunities.
Key Highlights
- Income‑producing assemblage of three properties on 0.70 acres of industrial‑zoned land.
- Located in White Plains, Westchester County, with access to major thoroughfares.
- Approximately 5.2% cap rate based on stabilized income, with potential to exceed 6%.
Financial Insights For Industrial
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 | $461.8k | $21.60 |
| − Vacancy | −$28.2k | −$1.32 |
| EGI | $433.6k | $20.28 |
| − OpEx | −$130.1k | −$6.08 |
| NOI | $303.5k | $14.20 |
21,380 SF · lease $21.60/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$4.34M
$3.79M – $5.06M
NOI $303,546 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$6.46M
$5.65M – $7.53M
NOI $452,069 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
FAQs
What type of property is this?
Industrial property - Income-producing industrial-zoned assemblage on 0.70 acres in White Plains.
Where is this industrial property located?
The property is located at 146 Lafayette Ave White Plains, NY.
What is the asking price?
The asking price for this property is $4,299,000.
What are key features of this property?
This property features: Income‑producing assemblage of three properties on 0.70 acres of industrial‑zoned land.; Located in White Plains, Westchester County, with access to major thoroughfares.; Approximately 5.2% cap rate based on stabilized income, with potential to exceed 6%.
