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141 Ferris Ave 11 Unit Apartment Building $2,501,982 CAD ($227,453 CAD/Unit) 6.78% Cap Rate White Plains, NY 10603
INVESTMENT HIGHLIGHTS
- Close to Metro North Railroad
- Parking available
EXECUTIVE SUMMARY
Prime 11-Unit Multi-Family Investment Opportunity! This impressive brick building, in great condition, offers a rare combination of convenience, stability, and income potential. Featuring 11 spacious units, including 9 ETPA-regulated and 2 rent-controlled apartments, this property provides an ideal setup for long-term rental income. Residents enjoy easy access to on-site parking, with a large lot accommodating 15 cars plus a 2-car garage. Located near the Metro-North Railroad, local shops, bus lines, and major parkways and highways. A fantastic opportunity for investors seeking a stable, high-demand rental asset!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$216,795
|
$25.80
|
| Other Income |
$36,627
|
$4.36
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$253,422
|
$30.16
|
| Taxes |
$38,292
|
$4.56
|
| Operating Expenses |
$46,094
|
$5.49
|
| Total Expenses |
$84,386
|
$10.04
|
| Net Operating Income |
$169,037
|
$20.12
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $216,795 |
| Annual Per SF | $25.80 |
| Other Income (CAD) | |
|---|---|
| Annual | $36,627 |
| Annual Per SF | $4.36 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $253,422 |
| Annual Per SF | $30.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,292 |
| Annual Per SF | $4.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $46,094 |
| Annual Per SF | $5.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,386 |
| Annual Per SF | $10.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $169,037 |
| Annual Per SF | $20.12 |
PROPERTY FACTS
| Price | $2,501,982 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $227,453 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.78% | Building Size | 8,402 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | UR-2 - pertains to a high-density residential or mixed-use area | ||
| Price | $2,501,982 CAD |
| Price Per Unit | $227,453 CAD |
| Sale Type | Investment |
| Cap Rate | 6.78% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,402 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1924 |
| Zoning | UR-2 - pertains to a high-density residential or mixed-use area |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
1 1
PROPERTY TAXES
| Parcel Number | 1700-125-050-00002-000-0001 | Total Assessment | $34,337 CAD |
| Land Assessment | $4,807 CAD | Annual Taxes | $38,292 CAD ($4.56 CAD/SF) |
| Improvements Assessment | $29,530 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1700-125-050-00002-000-0001
Land Assessment
$4,807 CAD
Improvements Assessment
$29,530 CAD
Total Assessment
$34,337 CAD
Annual Taxes
$38,292 CAD ($4.56 CAD/SF)
Tax Year
2024
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141 Ferris Ave
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