Downtown White Plains Office
For Sale
Contact for pricing
Pending
200 E Post Rd, White Plains, NY 10601
Three-story office building in downtown White Plains with income potential.
Property Size24,000 SF
Lot Size0.36 Acres
Days on Market766
Property Features for 200 E Post Rd
General Information
Standard status
Pending
Size
24,000 SF
Class
B
Total Parking Spaces
19
Lot size
0.36 Acres
Property subtype
Office
Zoning
DTB
Occupancy
90%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$347,484
Building Details
Year Built
1960
Year Renovated
2018
Buildings
1
Stories
3
Units
8
Tenancy
Multi
Listing Agency:
The Agency
(914) 262-2598
Listed By:
Bryan Lanza · License #NY 10401287317
Source:
Crexi
Added: Jul 16, 2024
Changed: Aug 8
Last Checked: Aug 18 at 8:09PM
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 the heart of Downtown White Plains, 200 East Post Road is a three-story, 24,000 square foot office building. Constructed in 1980 and maintained with care, the building is situated on a 0.36-acre parcel and includes 19 dedicated parking spaces. The property features flexible floor plates of approximately 8,000 square feet per level, connected by elevator service. The building is currently occupied by a diverse mix of long-term tenants spanning law, finance, home healthcare, and energy consulting. The property generates over $534,000 in gross annual rental income, with a net operating income exceeding $347,000. A small ground-floor vacancy offers the potential for additional rental income. The location has a Walk Score of 96, placing tenants within walking distance of The Westchester Mall, City Center, and various restaurants, cafes, boutiques, and entertainment options. The White Plains Metro-North Station is less than a mile away, providing direct access to Manhattan. Major thoroughfares, including I-287, the Bronx River Parkway, and the Hutchinson River Parkway, offer regional connectivity. The property is positioned as an ideal fit for current market demand, with leasing velocity strongest among spaces under 10,000 square feet. The building offers stable cash flow from a seasoned tenant base with room to grow, and the chance to secure a headquarters location in the center of Westchester’s business capital.
Key Highlights
- Prime Downtown White Plains Location: Coveted location in Westchester's central business district, steps from amenities and transportation.
- Strong Income and Upside: Generates over $534,000 in gross annual rental income with net operating income exceeding $347,000, plus potential to increase income with ground floor vacancy.
- Excellent Accessibility: Walk Score of 96, proximity to Metro‑North (direct access to Manhattan), major highways, and airports.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$367,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,350,360
$7.4M
Cap Rate 7%
$5,250,257
$5.3M
Cap Rate 9%
$4,083,533
$4.1M
Market Conditions
NOI Build-Up for 24,000 SF
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.
Gross rent
$659.5K $27.48/SF
− Vacancy
−$169.5K −$7.06/SF
EGI
$490.0K $20.42/SF
− OpEx
−$122.5K −$5.10/SF
NOI
$367.5K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,350,360
Cap Rate 7%
$5,250,257
Cap Rate 9%
$4,083,533
Alternative Uses
Best Use
Office B
$5.25M
$4.59M – $6.13M
NOI $367,518 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$7.25M
$6.34M – $8.46M
NOI $507,468 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 10601, NY
11,882
Population
6,031
Households
2
Avg Household Size
41
Median Age
56%
College-Educated
90%
High-School Grad
0.6 sq mi
ZIP Area
19,803
Density / Sq Mi
$90,733
Median Household Income
$59,660
Median Earnings
$1,975
Median Rent
$396,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building in downtown White Plains with income potential.
Where is this office building located?
The property is located at 200 E Post Rd White Plains, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime Downtown White Plains Location: Coveted location in Westchester's central business district, steps from amenities and transportation.; Strong Income and Upside: Generates over $534,000 in gross annual rental income with net operating income exceeding $347,000, plus potential to increase income with ground floor vacancy.; Excellent Accessibility: Walk Score of 96, proximity to Metro‑North (direct access to Manhattan), major highways, and airports.
