3857 White Plains Road
Retail | 7.92% CAP | 6,080 SqFt
Marketing description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 3857 White Plains Road, a 4-story mixed-use building located in the Wakefield section of the Bronx.
The property consists of six (6) residential apartments and one commercial space. Each apartment features three bedrooms and one bathroom. The commercial unit is currently vacant, with the potential to convert a portion of the space into a seventh apartment, increasing the property’s rent roll.
Situated on the busy corridor of White Plains Road between East 221st and East 222nd Streets, the building measures 20 feet in width and 68 feet in depth, totaling approximately 6,080 square feet.
Built in 1920, the property is ideally positioned within three blocks of both the 219th Street and 225th Street subway stations (2, 5 lines).
Investment highlights
- 6 Apts & 1 Store # of Units
- 6,080 Approx. SF
- $115,625 Price/Unit
- $152 Price/SF
- 7.92% Current Cap Rate
- 5.93x Current GRM
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