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    White Plains Rd Eastchester, NY 10583

    Sponsored
    For Sale
    $2,500,000

    High-yield multi-tenant property. Excellent location.

    Property size:
    4,538 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity presents a 4,538 square foot building located at 823-825 White Plains Road in Eastchester, New York, 10583. The property, built in 1965, is a two-story Class C building boasting 100% occupancy across four units. Currently generating a substantial Net Operating Income (NOI) of $205,366, this property offers a compelling 7.10% capitalization rate. The asking price is $2,500,000. The versatile space is suitable for a variety of uses, including creative office, medical office, and storefront retail, making it an attractive option for diverse tenants. Situated on a high-traffic corner of White Plains Road, near the Bronx River Parkway, this property benefits from excellent visibility and accessibility. The surrounding area features a dense residential population exceeding 40,000 residents with an average household income of $310,000, ensuring a strong customer base. Ample parking is available for tenants and customers. This is a rare opportunity to acquire a well-performing, multi-tenant property in a prime Eastchester location. All information is believed accurate but not warranted.

    Property Features for 0 White Plains Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,538 SF
    Class
    C

    Building Details

    Year Built
    1965
    Stories
    2
    Units
    4

    HighLights

    • 4,538 SF mixed‑use building in Eastchester, NY, on a high‑traffic corner of White Plains Road.
    • 100% occupied, four‑unit building generating $205,366 NOI.
    • 7.10% capitalization rate with a $2,500,000 asking price.
    • Suitable for various uses including creative office, medical office, and retail.
    • Ample parking and strong demographics (40,000+ residents, $310,000 avg. household income).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Eastchester
    County
    Westchester
    State
    New York
    Longitude
    -73.8078009
    Latitude
    40.9689133

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    FAQs

    What type of property is this?
    Individual retail property - High-yield multi-tenant property. Excellent location.
    Where is this individual retail property located?
    The property is located at White Plains Rd Eastchester, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4,538 SF mixed-use building in Eastchester, NY, on a high-traffic corner of White Plains Road.; 100% occupied, four-unit building generating $205,366 NOI.; 7.10% capitalization rate with a $2,500,000 asking price.
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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
    White Plains Rd Eastchester, NY 10583
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