Downtown White Plains Office
200 E Post Rd, White Plains, NY 10601
Three-story office building in downtown White Plains with income potential.
Type:Office
Property size:
24,000 SFLot size:
0.36 AcresPrice / SF:
$208/SF- Added:
- Jul 16, 2024
- Days on Market:
- 675
- Last Refresh:
- May 12 at 9:13 pm
Property Features for 200 E Post Rd
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Lot size
- 0.36 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1960
Listing agent Bryan Lanza License #NY 10401287317
Listing office Christie's International Real Estate
Listing date Jul 16, 2024
Source Crexi
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 Christie's International Real Estate
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.
- Flexible Office Space: 24,000 square feet with flexible 8,000 square foot floor plates suitable for diverse tenants, meeting current market demand for smaller spaces.
- Dedicated Parking: 19 dedicated parking spaces, a valuable amenity in the downtown area.
- Stable Investment: Well‑maintained building with a diverse roster of long‑term tenants, offering stable cash flow.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$4.08M
NOI $367,518 @ 9.00% cap · cautious / downside scenario
Moderate
$5.25M
NOI $367,518 @ 7.00% cap · market / base-case scenario
Aggressive
$7.35M
NOI $367,518 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $659.5k | $27.48 |
| − Vacancy | −$169.5k | −$7.06 |
| EGI | $490.0k | $20.42 |
| − OpEx | −$122.5k | −$5.10 |
| NOI | $367.5k | $15.31 |
24,000 SF · lease $27.48/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CHOICE of NY
Crisis Center
Christopher L Mangold ...
Law Firm
Scale Tronix Inc
Medical Supply Store
Interventionist Westchester County ...
Medical Clinic
Coffey Modica LLP
Law Firm
Location Insight
- Map
- Local Demand
- City
- White Plains
- County
- Westchester
- State
- New York
- Longitude
- -73.7639182
- Latitude
- 41.0303724
Nearby Similar for Sale
FAQs
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.
