820 White Plains RdScarsdale, NY

Asking Price$2,100,000

The Oak & Avery Group has been retained to exclusively represent ownership in the sale of 820 White Plains Road, Scarsdale. The mixed-use property is located between Ackerman Place and Locust Avenue in the Eastchester neighborhood of Westchester.

This is an opportunity to acquire a prime asset that has been under the same ownership for over 50 years.

The ~ 9,200 sq. Ft. mixed-use building is comprised of eight apartments over two retail units. The residential units are comprised of 1 studio, 5 one-bedroom, and 2 two-bedroom units. The property benefits from having five of the eight apartments as free market units, not subject to rent stabilization/ETPA guidelines.

The property has on premise laundry and parking in the rear of the building for tenants.

Key Features

  • Property Type

    Mixed-Use
  • NOI

    $ 101,574
  • Square Footage

    9,200
  • Cap Rate

    4.85%

About the Area

The property is located on the White Plains Road Retail corridor and is surrounded by multiple major retailers such as, CVS, Equinox, Trader Joes, and Lord and Taylor.

The town of Eastchester is in southern Westchesterwith a population of 33,183 people and a median income of $104,891.Eastchester sits on the Metro- North’s Harlem line and is a short 35-minute commute to Midtown Manhattan.

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Interested in this property?

Inquire within for a full offering memorandum.

Contact David Algarin

1.914.292.1081Email
BESbswy