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49 LAKE St 6,280 SF Retail Building West Harrison, NY 10604 $1,599,000 ($254.62/SF) 7.62% Cap Rate
Investment Highlights
- Free Market Rents with Strong Upside
- Rare Parking + Mixed-Use Value Add
- Prime Downtown White Plains Location
Executive Summary
Introducing your next investment! This 5 unit mixed use building is primed and prepped for your portfolio. Four Free Market Residential Units and One Commercial storefront are currently rented out and ready to cash flow for you. The residential portion consists of the following: One 3 bedroom unit, one 2 bedroom unit, and two 1 bedroom units. The units are currently underpriced, creating an opportunity to increase your monthly revenue by $1,000 or more. This building is not rent stabilized. The property is located on a corner lot, that also includes a large 3 car detached garage and a 10+ car driveway. Prime Location in Downtown White Plains less than 10 minutes to the Metro North, 2 minutes to 1-287, 5 minutes to BRP, and 7 minutes to HRP. This is the one you’ve been waiting for.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,600
|
$23.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,600
|
$23.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,650
|
$4.08
|
| Net Operating Income |
$121,950
|
$19.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $147,600 |
| Annual Per SF | $23.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,600 |
| Annual Per SF | $23.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,650 |
| Annual Per SF | $4.08 |
| Net Operating Income | |
|---|---|
| Annual | $121,950 |
| Annual Per SF | $19.42 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,280 SF
Building Class
C
Year Built
1924
Price
$1,599,000
Price Per SF
$254.62
Cap Rate
7.62%
NOI
$121,844
Tenancy
Single
Building Height
3 Stories
Building FAR
0.65
Lot Size
0.22 AC
Zoning
B-3
Frontage
88’ on LAKE St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Puedla Corner Deli
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Puedla Corner Deli | Retailer | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1700-126-045-00006-000-0005 | Improvements Assessment | $11,400 (2024) |
| Land Assessment | $9,000 (2024) | Total Assessment | $20,400 (2024) |
Property Taxes
Parcel Number
1700-126-045-00006-000-0005
Land Assessment
$9,000 (2024)
Improvements Assessment
$11,400 (2024)
Total Assessment
$20,400 (2024)
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49 LAKE St
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