3-Unit Triplex
For Sale
$750,000
91 Ferris Avenue, White Plains, NY 10603
Each residence has an individual gas boiler, and occupants cover their own utility costs.
Property Size2,376 SF
Price / SF$315.66
Days on Market122
Property Features for 91 Ferris Avenue
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Triplex
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,048
Building Details
Building Size
2,376 SF
Year Built
1924
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Donna Vieni
(914) 328-0333
Source:
Guardhillrealty
Added: Jun 29
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 Howard Hanna Rand Realty
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Investment Insights
Based on property information with market context.
Built in 1924, this 2,376-square-foot triplex contains three residences: two one-bedroom units and one two-bedroom unit. Each has its own gas boiler, and tenants pay their own utilities. No leases are currently in place.
The property is on Ferris Avenue in White Plains, near Metro-North Railroad, downtown, shopping, restaurants, parkways, and highways.
The property is on Ferris Avenue in White Plains, near Metro-North Railroad, downtown, shopping, restaurants, parkways, and highways.
Key Highlights
- Three units: two one‑bedroom residences and one two‑bedroom residence
- 2,376 square feet; built in 1924
- Individual gas boiler serving each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,280
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,600
$925.6K
Cap Rate 7%
$661,143
$661.1K
Cap Rate 9%
$514,222
$514.2K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$70.7K $29.76/SF
− Vacancy
−$4.6K −$1.93/SF
EGI
$66.1K $27.83/SF
− OpEx
−$19.8K −$8.35/SF
NOI
$46.3K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,600
Cap Rate 7%
$661,143
Cap Rate 9%
$514,222
Alternative Uses
Best Use
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$582.2K
$509.4K – $679.2K
NOI $40,753 @ 7.0% cap · market cap 5.43%
Theoretical Best
Retail
$717.7K
$628.0K – $837.3K
NOI $50,239 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,180
Businesses Nearby
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Business Placement
Demographics for 10603, NY
18,033
Population
7,624
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
88%
High-School Grad
3.4 sq mi
ZIP Area
5,304
Density / Sq Mi
$121,450
Median Household Income
$56,466
Median Earnings
$1,905
Median Rent
$499,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has an individual gas boiler, and occupants cover their own utility costs.
Where is this triplex located?
The property is located at 91 Ferris Avenue White Plains, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three units: two one‑bedroom residences and one two‑bedroom residence; 2,376 square feet; built in 1924; Individual gas boiler serving each unit
