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141 Ferris Ave 11 Unit Apartment Building $2,458,188 CAD ($223,472 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 and a storage building attached to the 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 |
$213,398
|
$25.40
|
| Other Income |
$36,053
|
$4.29
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$249,451
|
$29.69
|
| Taxes |
$37,692
|
$4.49
|
| Operating Expenses |
$45,371
|
$5.40
|
| Total Expenses |
$83,064
|
$9.89
|
| Net Operating Income |
$166,388
|
$19.80
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $213,398 |
| Annual Per SF | $25.40 |
| Other Income (CAD) | |
|---|---|
| Annual | $36,053 |
| Annual Per SF | $4.29 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $249,451 |
| Annual Per SF | $29.69 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,692 |
| Annual Per SF | $4.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,371 |
| Annual Per SF | $5.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $83,064 |
| Annual Per SF | $9.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $166,388 |
| Annual Per SF | $19.80 |
Property Facts
| Price | $2,458,188 CAD | Building Class | C |
| Price Per Unit | $223,472 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 8,402 SF |
| Cap Rate | 6.78% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | UR-2 - pertains to a high-density residential or mixed-use area | ||
| Price | $2,458,188 CAD |
| Price Per Unit | $223,472 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 |
| Parking Ratio | 1.79/1,000 SF |
| 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
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1700-125-050-00002-000-0001 | Total Assessment | $34,413 CAD (2025) |
| Land Assessment | $4,818 CAD (2025) | Annual Taxes | $37,692 CAD ($4.49 CAD/SF) |
| Improvements Assessment | $29,595 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
1700-125-050-00002-000-0001
Land Assessment
$4,818 CAD (2025)
Improvements Assessment
$29,595 CAD (2025)
Total Assessment
$34,413 CAD (2025)
Annual Taxes
$37,692 CAD ($4.49 CAD/SF)
Tax Year
2024
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141 Ferris Ave
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