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    108 Kensico Ave White Plains, NY 10604

    Sponsored
    For Sale
    $7,495,000

    Luxury Apartments, White Plains, NY

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional, newly constructed (2024) 16-unit apartment complex in White Plains, NY, presents a compelling investment opportunity. The property, located at 108 N Kensico Ave, boasts a prime location near Pace University Law School and Delfino Park, offering residents the convenience of suburban living with easy access to major transportation routes, dining, and shopping. The two-building complex features a mix of one- and two-bedroom units, designed in a townhouse style with loft-style options available. The 15,860 square foot property sits on a half-acre lot and includes 28 parking spaces equipped with 16 EV charging stations. Residents enjoy a range of amenities, including in-unit washer/dryers, a fitness center with a restroom, a resident lounge/party room with a kitchenette and restroom, and outdoor sitting areas. The property's modular construction and strong pro-forma cap rate of 7.32% (with a current cap rate of 5.60%) make it an attractive investment. The asking price is $7,495,000. This free-market development offers a compelling alternative to regulated markets, making it an ideal acquisition. The property is for sale by owner.

    Property Features for 108 Kensico Ave

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    25,265 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    2
    Units
    16

    HighLights

    • New Construction Class A Office Building
    • State‑of‑the‑Art Fitness Center
    • 28 Secure Parking Spaces
    • EV Charging Stations
    • In‑Unit Washer/Dryer
    • Outdoor Patio/Seating Areas
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    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
    -73.7602427
    Latitude
    41.0419049

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Apartments, White Plains, NY
    Where is this multifamily property located?
    The property is located at 108 Kensico Ave White Plains, NY.
    What is the asking price?
    The asking price for this property is $7,495,000.
    What are key features of this property?
    This property features: New Construction Class A Office Building; State-of-the-Art Fitness Center; 28 Secure Parking Spaces
    Request Owner's contact information
    108 Kensico Ave White Plains, NY 10604
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    White Plains, NY 10604
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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
    108 Kensico Ave White Plains, NY 10604
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