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439 Main St 11 Unit Apartment Building $1,950,000 ($177,273/Unit) 9.03% Cap Rate White Plains, NY 10601
INVESTMENT HIGHLIGHTS
- Tenants Pay All Utilities
- Walking distance to Downtown White Plains
- Significant Upside Potential in Income
EXECUTIVE SUMMARY
NuRealty Advisors Inc. is proud to present the Exclusive Listing for 439 Main Street, White Plains, NY 10601. The property is an Eleven (11) Unit Multi-Family building offering Two (2) 1BRs and Nine (9) 2Brs. The Tenants are responsible to pay for Electric, Cooking Gas and Heat for both the Apartment and Water. Each Tenant has a separate water tank and boiler. The property offers a tremendous upside in income. Currently, the average rent is approximately $1,869 whereas the Fair Market Rent (FMR) for this area is $2,800. The property is being offered at a 9.03 % Cap Rate with upside in White Plains! Cash-on-Cash Returns based on a 26% Equity Investment is 17%! An investor can capitalize on this value-add opportunity which is a rare find in White Plains.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$246,714
|
$33.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,401
|
$1.01
|
| Effective Gross Income |
$239,313
|
$32.63
|
| Taxes |
$26,221
|
$3.58
|
| Operating Expenses |
$36,927
|
$5.04
|
| Total Expenses |
$63,148
|
$8.61
|
| Net Operating Income |
$176,165
|
$24.02
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $246,714 |
| Annual Per SF | $33.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,401 |
| Annual Per SF | $1.01 |
| Effective Gross Income | |
|---|---|
| Annual | $239,313 |
| Annual Per SF | $32.63 |
| Taxes | |
|---|---|
| Annual | $26,221 |
| Annual Per SF | $3.58 |
| Operating Expenses | |
|---|---|
| Annual | $36,927 |
| Annual Per SF | $5.04 |
| Total Expenses | |
|---|---|
| Annual | $63,148 |
| Annual Per SF | $8.61 |
| Net Operating Income | |
|---|---|
| Annual | $176,165 |
| Annual Per SF | $24.02 |
PROPERTY FACTS
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $177,273 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 9.03% | Building Size | 7,802 SF |
| Gross Rent Multiplier | 6.89 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.51/1,000 SF |
| Zoning | RM-1 | ||
| Price | $1,950,000 |
| Price Per Unit | $177,273 |
| Sale Type | Investment |
| Cap Rate | 9.03% |
| Gross Rent Multiplier | 6.89 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,802 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | RM-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 9 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 1700-126-053-00003-000-0009 | Total Assessment | $29,400 (2024) |
| Land Assessment | $1,525 (2024) | Annual Taxes | $26,221 ($3.36/SF) |
| Improvements Assessment | $27,875 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1700-126-053-00003-000-0009
Land Assessment
$1,525 (2024)
Improvements Assessment
$27,875 (2024)
Total Assessment
$29,400 (2024)
Annual Taxes
$26,221 ($3.36/SF)
Tax Year
2025
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439 Main St
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