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Norden Lofts 121 Westmoreland Ave 65 Unit Apartment Building $29,597,851 CAD ($455,352 CAD/Unit) White Plains, NY 10606
Investment Highlights
- Class A Building
- Gym, Pool Room, Bocce Ball Court, Multiple Lounges, Conference Room
- Walking Distance to White Plains Train Station
- Market Rate Apartments
- On-Site Parking
Executive Summary
Norden Lofts is a gut rehabbed (completed Sept. 2018) double elevator, 6-story, 65 unit “Class A” luxury building containing a total of 56,424 square feet. There are 44 studios, 16 one-bedroom and five two-bedroom apartments (two bath), all of which feature hardwood floors, large casement windows, high ceilings (11 feet) with exposed pipes and ducts, quartz counter tops, stainless steel appliances (electric stoves) and washers/dryers. Building amenities include a finished lower level with a bocci court, fitness center, club room, lounge area, meeting room, pool table, foosball table, and a pet-grooming station . There is on site gated parking for 79 cars.
Property Facts
| Price | $29,597,851 CAD | Building Class | A |
| Price Per Unit | $455,352 CAD | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 56,424 SF |
| No. Units | 65 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.4/1,000 SF |
| Zoning | LI | ||
| Price | $29,597,851 CAD |
| Price Per Unit | $455,352 CAD |
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.78 AC |
| Building Size | 56,424 SF |
| Average Occupancy | 95% |
| No. Stories | 6 |
| Year Built | 2018 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | LI |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- Fitness Center
- Bicycle Storage
- Elevator
- Lounge
- Multi Use Room
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 45 | - | 430 |
| 1+1 | 15 | - | 615 |
| 2+2 | 5 | - | 1,120 |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1700-130-025-00003-000-0001 | Improvements Assessment | $415,619 CAD |
| Land Assessment | $81,668 CAD | Total Assessment | $497,287 CAD |
Property Taxes
Parcel Number
1700-130-025-00003-000-0001
Land Assessment
$81,668 CAD
Improvements Assessment
$415,619 CAD
Total Assessment
$497,287 CAD
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Norden Lofts | 121 Westmoreland Ave
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