Mixed-Use Building on White
For Sale
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White Plains Rd, Eastchester, NY 10583
Mixed-use commercial building in a desirable, high-traffic location.
Property Size4,538 SF
Price / SF$550.90
Days on Market1202
Property Features for White Plains Rd
General Information
Standard status
Active
Size
4,538 SF
Class
C
Property subtype
Mixed Use, Office, Retail
Occupancy
100%
Net Operating Income
$205,366
Building Details
Year Built
1965
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Link NY Realty
(646) 321-9428
Listed By:
Valon Nikci · License #NY 10491202180
Source:
Crexi
Added: May 11, 2023
Changed: Aug 14
Last Checked: Aug 23 at 2:48PM
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 Link NY Realty
Investment Insights
Based on property information with market context.
This commercial building offers spaces suitable for various purposes, including office and retail use. It is situated in a highly desirable location on a heavy traffic street, specifically at the corner of White Plains Rd and Brook St, just off the Bronx River Parkway. The surrounding area includes family residences with a population exceeding 40,000 people. Ample parking is available around the building for customers. The property size is 4,538 square feet.
Key Highlights
- Over 7% CAP Rate
- Extremely desirable location on a heavy traffic street at the corner of White Plains Rd and Brook St, right off the Bronx River Parkway
- Near family residences with a population of over 40,000 people and an average household income of $310K
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
$85,768
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
3.43%
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%
$1,715,360
$1.7M
Cap Rate 7%
$1,225,257
$1.2M
Cap Rate 9%
$952,978
$953.0K
Market Conditions
NOI Build-Up for 4,538 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
$152.5K $33.60/SF
− Vacancy
−$15.2K −$3.36/SF
EGI
$137.2K $30.24/SF
− OpEx
−$51.5K −$11.34/SF
NOI
$85.8K $18.90/SF
Area
Yonkers, NY
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,715,360
Cap Rate 7%
$1,225,257
Cap Rate 9%
$952,978
Alternative Uses
Best Use
Mixed Use
$1.23M
$1.07M – $1.43M
NOI $85,768 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,809 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 10583, NY
41,589
Population
14,914
Households
2.8
Avg Household Size
43
Median Age
81%
College-Educated
98%
High-School Grad
12.4 sq mi
ZIP Area
3,354
Density / Sq Mi
$250,001
Median Household Income
$118,226
Median Earnings
$2,476
Median Rent
$1,131,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use commercial building in a desirable, high-traffic location.
Where is this mixed-use 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: Over 7% CAP Rate; Extremely desirable location on a heavy traffic street at the corner of White Plains Rd and Brook St, right off the Bronx River Parkway; Near family residences with a population of over 40,000 people and an average household income of $310K
