Waldo Ave Apartments

  • Title

    Multifamily Property

  • City

    White Plains, NY

  • Price

    $1,890,000

  • Cap Rate

    6.0%

  • Gross Leasable Area

    5,200 SF

  • No. Units

    7

  • Price/SF

    $363.46

  • Price/Unit

    $270,000

  • No. Stories

    3

Not found amenities.

Northeast Private Client Group is pleased to present 42 Waldo Ave located in the Battle Hill neighborhood of White Plains, NY.

42 Waldo Ave is a seven (7) unit apartment building. The building has 6 CO’s with a 7th unit on the ground level. The building consists of four (4) two-Bedroom units, two (2) three-bedroom units, and one (1) one-bedroom unit (no CO).

There are 8 off-street parking spaces and 1 garage space along with an additional storage room. This building is not rent stabilized. The building is separately metered for tenant paid gas heat and hot water and electricity.

The owner has recently renovated 2 bathrooms and there is an opportunity to continue renovating the units to increase the rents to market rates. Additional income is generated from the on-site laundry room, garage parking and additional storage rooms.

White Plains is located just 25 miles north of Manhattan, only 35 minutes on the Metro North express train. It is home to major corporations and a downtown with multiple large shopping malls, restaurants and shops. It is consistently ranked a top place to live due to its convenient access to Manhattan and local business and shopping district.

White Plains, Westchester County, NY

Waldo Ave Offering Memo