439 Main St, White Plains, NY 10601

NuRealty Advisors Inc. is proud to present the Exclusive Listing for 439 Main Street, White Plains, NY 10601. The property is an Eleven (11) Unit Multy-Family building offering Two 1BRs and Nine 2BRs. The Tenants are responsible to pay for Electric, Cooking Gas, and Heat for both the Apartment and Water. Each Tenant has a separate water tank and boiler. The property offers a tremendous upside in income. Currently, the average rent is approximately $1,869 whereas the Fair Market Rent for this area is $2,800. The property is being offered at a 10.36% Cap Rate with upside in White Plains! Cash-on-Cash Returns based on a 30% Equity Investment is over 17%! An investor can capitalize on this value-add opportunity which is rare find in White Plains.