146 Lafayette Ave White Plains, NY 10603

146–154 Lafayette Avenue, White Plains, NY 10603 Industrial Zoned Assemblage | 0.70 Acres | Income-Producing | For Lease or Purchase Offered at $4,299,000 | Approx. 5.2% Cap Rate A Rare Industrial Investment & Owner-User Opportunity in the Heart of Westchester Presenting a truly unique and highly desirable offering—an assemblage of three income-producing properties on 0.70 acres of industrial-zoned land in the thriving White Plains market. This exceptional portfolio combines stable in-place income , immediate upside potential , and zoning flexibility , making it ideal for both investors and owner-users . The site includes two multifamily houses and one single-family residence , all leased on month-to-month terms —providing flexibility for owner occupancy, rent increases, or repositioning. In addition, there’s 900 SF of vacant office/storage space and industrial parking available for lease, creating further revenue opportunities and operational versatility. Investment Highlights Metric Details Asking Price $4,299,000 Cap Rate (Current) ±5.2% Total Site Area 29,620 SF (0.70 Acres) Zoning Industrial 2025 Total Taxes $42,039 Existing Monthly Income $18,500 (Residential) Potential Additional Income $6,500 (Parking) Annualized Income ±$225,000 (Stabilized) Vacancy Upside 900 SF Office/Storage Tenancy Month-to-Month C.A.M. Charges ±$12,000/year Property Breakdown 146 Lafayette Ave 1,626 SF Building | 17,424 SF Lot Current Rent: $7,000/month 2025 Taxes: $18,620 150 Lafayette Ave 5,000 SF Building | 6,100 SF Lot 900 SF Office/Storage Vacant Current Rent: $7,000/month 2025 Taxes: $14,130 154 Lafayette Ave 1,298 SF Building | 6,098 SF Lot Current Rent: $4,500/month 2025 Taxes: $9,289 Location Advantage Located in White Plains , the thriving heart of Westchester County , this property benefits from immediate access to major thoroughfares including I-287 , Bronx River Parkway , and Route 22 , ensuring convenience for commuters, residents, and business operations alike. White Plains continues to attract regional and national attention for its blend of urban accessibility, commercial vibrancy, and infrastructure investment. The city’s industrial corridors are increasingly coveted , with limited inventory and rising rents fueling value growth for investors. This area is part of a tight, high-demand industrial submarket , where zoning flexibility and access to infrastructure create long-term resilience and appreciation potential. Why This Property Stands Out Desirable Cap Rate: ±5.2% based on stabilized income, with potential to exceed 6% by leasing the office/storage and parking Zoning Flexibility: Industrial use allows for contractor yards, warehouse, logistics, or adaptive reuse opportunities Steady Cash Flow: Reliable income from residential leases and parking with additional upside Long-Term Appreciation: Industrial scarcity in central Westchester continues to drive pricing upward Owner-User Optionality: Ideal for a business seeking office, yard, or storage space with passive income support Summary 146–154 Lafayette Avenue presents a rare chance to acquire a cash-flowing, industrial-zoned assemblage in one of the most strategic submarkets of Westchester County. Whether held for steady income , future redevelopment , or long-term appreciation , this opportunity offers the right balance of stability and scalability. Offered at $4,299,000 | ±5.2% Cap Rate | 0.70 Acres Industrial Land