Three-Unit
For Sale
$750,000
93 Ferris Avenue, White Plains, NY 10603
Each residence has its own gas boiler, and occupants pay their utility costs directly.
Property Size2,178 SF
Price / SF$344.35
Days on Market122
Property Features for 93 Ferris Avenue
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,324
Building Details
Building Size
2,178 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 3:52PM
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 triplex contains three one-bedroom residences. Each unit is served by an individual gas boiler, and residents pay their own utilities. No leases are currently in place.
The property is near Metro-North Railroad, downtown White Plains, shopping, restaurants, parkways, and highways.
The property is near Metro-North Railroad, downtown White Plains, shopping, restaurants, parkways, and highways.
Key Highlights
- Three one‑bedroom units
- Separate gas boiler serving each residence
- Tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,423
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,460
$848.5K
Cap Rate 7%
$606,043
$606.0K
Cap Rate 9%
$471,367
$471.4K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$64.8K $29.76/SF
− Vacancy
−$4.2K −$1.93/SF
EGI
$60.6K $27.83/SF
− OpEx
−$18.2K −$8.35/SF
NOI
$42.4K $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%
$848,460
Cap Rate 7%
$606,043
Cap Rate 9%
$471,367
Alternative Uses
Best Use
Multifamily LT 5
$606.0K
$530.3K – $707.1K
NOI $42,423 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$533.7K
$467.0K – $622.6K
NOI $37,357 @ 7.0% cap · market cap 4.98%
Theoretical Best
Retail
$657.9K
$575.7K – $767.6K
NOI $46,053 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,180
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own gas boiler, and occupants pay their utility costs directly.
Where is this triplex located?
The property is located at 93 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 one‑bedroom units; Separate gas boiler serving each residence; Tenants pay their own utilities
