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The Renaissance 8 Luxury Suite Portfolio 2 Properties Offered at $5,400,000 in White Plains, NY
Investment Highlights
- 8 newly remodeled LUXURY 1 bedroom suites SOLD AS A PACKAGE DEAL at the Renaissance Atelier Suites (Formerly The Ritz Carlton) in White Plains
- Located in the heart of downtown White Plains, you're just steps from award-winning dining, luxury shopping, and the Metro-North station.
- On-site parking available.
- Residents enjoy access to world-class amenities: 24-hour doorman and concierge, two state-of-the-art fitness center, indoor pool, and club room.
- High-end investment luxury suites with built-in rental flexibility.
Executive Summary
I am pleased to present an exclusive investment opportunity at the distinguished Renaissance Atelier Suites (formerly The Ritz-Carlton) in White Plains, New York 10605 - the sale of the complete 10th floor portfolio, encompassing 8 beautifully remodeled ONE bedroom/1.5 bathroom condominium suites. The square footage of these ONE bedroom units range from 1038sqft to 1396sqft.
This offering represents a rare chance to acquire a FULL FLOOR in one of Westchester County's premier luxury buildings providing stable rental income and strong long term appreciation potential.
The PROJECTED annual gross income is $630,600 and the existing annual expense is $243,000.00.
This offering represents a rare chance to acquire a FULL FLOOR in one of Westchester County's premier luxury buildings providing stable rental income and strong long term appreciation potential.
The PROJECTED annual gross income is $630,600 and the existing annual expense is $243,000.00.
Data Room Click Here to Access
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$630,600
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$630,600
|
| Taxes |
-
|
| Operating Expenses |
$243,000
|
| Total Expenses |
$243,000
|
| Net Operating Income |
$387,600
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $630,600 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $630,600 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | $243,000 |
| Total Expenses | |
|---|---|
| Annual | $243,000 |
| Net Operating Income | |
|---|---|
| Annual | $387,600 |
Property Facts
| Price | $5,400,000 | Number of Properties | 2 |
| Price / SF | $5.45 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 991,629 SF |
| Sale Type | Investment or Owner User | Total Land Area | 2.86 AC |
| Status | Active |
| Price | $5,400,000 |
| Price / SF | $5.45 / SF |
| Cap Rate | 7% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 991,629 SF |
| Total Land Area | 2.86 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Atelier Suites at The Ritz Carlton
1 Renaissance Sq, White Plains, NY 10601 |
Multifamily | 960,701 SF | 2008 | - |
| 11 Renaissance Sq, White Plains, NY 10601 | Specialty | 30,928 SF | - | - |
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The Renaissance 8 Luxury Suite Portfolio
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