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283-285 Tarrytown Rd 5,460 SF 100% Leased Retail Building White Plains, NY 10607 $1,900,000 ($347.99/SF) 8.10% Cap Rate



Investment Highlights
- Stable Cash Flow: The property is 100% occupied by established businesses, anchored by a successful AAMCO Transmissions & Total Car Care operator.
- Access to Major Thoroughfare: The on/off ramp for I-287 is less than half a mile away.
- Strong Retail Corridor with Automotive Focus: Neighbors within 1 mile along Tarrytown Road include Tesla, Volkswagen, Kia, Nissan, Lexus and more.
- Advantageous Lease Structure: Tenants are responsible for all utilities and non-structural repairs, ensuring net income growth over time.
- Anchor Tenant: The AAMCO lease includes annual rent increases tied to CPI (average 3.09% per year from 2016-2025).
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,460 SF
Building Class
C
Year Built
1956
Price
$1,900,000
Price Per SF
$347.99
Cap Rate
8.10%
NOI
$153,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.11 AC
Zoning
CB - Commercial Business District
Parking
10 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2689-008-010-00008-000-0003 | Improvements Assessment | $761,700 |
| Land Assessment | $437,400 | Total Assessment | $1,199,100 |
Property Taxes
Parcel Number
2689-008-010-00008-000-0003
Land Assessment
$437,400
Improvements Assessment
$761,700
Total Assessment
$1,199,100
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283-285 Tarrytown Rd
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