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141 Ferris Ave

11 Unit Block of Flats £1,659,021 (£150,820/Unit) 6% Net Initial Yield White Plains, NY 10603

Investment Highlights

  • CLose to Metro North Railroad
  • Parking available

Executive Summary

Prime 11-Unit Multi-Family Investment Opportunity! This impressive brick building, in great condition, offers a rare combination of convenience, stability, and income potential. Featuring 11 spacious units, including 9 ETPA-regulated and 2 rent-controlled apartments, this property provides an ideal setup for long-term rental income. Residents enjoy easy access to on-site parking, with a large lot accommodating 15 cars plus a 2-car garage. Located near the Metro-North Railroad, local shops, bus lines, and major parkways and highways. A fantastic opportunity for investors seeking a stable, high-demand rental asset!

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,659,021
Price Per Unit £150,820
Sale Type Investment
Net Initial Yield 6%
No. Units 11
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Size 6,960 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1924

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 £1,168 500
1+1 2 £993.04 500
3+2 3 £590.93 630
1+1 4 £796.33 413
1+1 6 £974.87 413
1+1 7 £832.67 413
1+1 8 £1,401 413
1+1 9 £785.27 413
1+1 10 £789.22 413

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1700-125-050-00002-000-0001
Land Assessment
£2,761
Improvements Assessment
£16,963
Total Assessment
£19,725
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
  • Listing ID: 33992273

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 141 Ferris Ave, White Plains, NY 10603

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