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281 Tarrytown Road 281 Tarrytown Rd 3,925 SF 100% Leased Retail Building White Plains, NY 10607 $2,150,000 ($547.77/SF) 7.19% Cap Rate
Investment Highlights
- 100% occupied by established businesses anchored by AAMCO Transmissions & Total Car Care
- AAMCO lease includes CPI-tied annual rent increases averaging 3.09% per year (2016-2025)
- Strong automotive corridor — Tesla, BMW, Lexus, Nissan, Kia, and more within 1 mile
- Tenants responsible for all utilities and non-structural repairs, ensuring net income growth
- AAMCO tenant responsible for 85% of tax increases over base year 2024
- I-287 on/off ramp less than half a mile away
Executive Summary
Broker Of Record
Cory Rosenthal
Matthews Real Estate Investment Services, Inc
10311210106, 10991237833 (NY)
575 5th Ave., Ste 2810 New York, NY 10017 (866) 889-0550
Cory Rosenthal
Matthews Real Estate Investment Services, Inc
10311210106, 10991237833 (NY)
575 5th Ave., Ste 2810 New York, NY 10017 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,925 SF
Year Built
1950
Price
$2,150,000
Price Per SF
$547.77
Cap Rate
7.19%
NOI
$154,526
Percent Leased
100%
Building Height
1 Story
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2689-008-010-00008-000-0003 | Improvements Assessment | $792,300 |
| Land Assessment | $437,400 | Total Assessment | $1,229,700 |
Property Taxes
Parcel Number
2689-008-010-00008-000-0003
Land Assessment
$437,400
Improvements Assessment
$792,300
Total Assessment
$1,229,700
Contacts
-
Bobby Lawrence -
DJ Johnston -
Robert Moore -
Matthews Real Estate Investment Services
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