The Bryan Karp Team
MLS#1030466
STATUSActive
PROPERTY TYPECommercial -
SCHOOLWhite Plains
Property Description
Fantastic mixed-use investment opportunity in White Plains! This well-maintained property features two fully renovated 2-bedroom apartments plus a leased retail storefront, near I-287, the Bronx River Parkway, and just 0.4 miles from the White Plains Metro-North Station (under 35 minutes to NYC!). The 2nd floor unit is currently leased at $2,800/month through February 2027, and landlord covers heat for the entire property. The 1st floor unit is fully renovated and vacant which is perfect for an owner-occupant or immediate lease-up. The retail storefront is leased on a 5-year term through February 2031 with annual rent escalations, and the tenant pays their own electric. On-site parking available in the rear/driveway, plus street parking for retail customers. A great opportunity for investors or an owner-user looking for rental income to help offset their mortgage. Don't miss this one!
Property Features
Property Type: Commercial -
Basement: Full, Storage Space, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Hot Water
Lot Size: 0.14 Acres
Stories: 2.0
Taxes: $10,617
Year Built: 1925
Feature Descriptions
Appliances: Gas Oven, Refrigerator
Building Area Total: 2032
Building Features: Walk Up
Cap Rate: 10573
Exterior: Vinyl Siding
Flooring: Tile, Wood
Fuel Expense: 2500
Heating Units: 1
Heating Zones: 1
On Market Date: 2026-07-24
Parcel Number: 1700-125-050-00001-000-0012
Parking Features: Assigned
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 3
Sewer: Public Sewer
Tenant Pays: Electricity, Gas
Units: 3
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public
Water: Public
Local Schools
School District: White Plains
Listed By / Shown By
Listing By
Agency Name: C. J. Pagano & Sons, Inc.
Agency Contact: 914-939-1123
Shown By
Agent Name: Bryan Karp
Agent Phone: (631) 759-5277
Agency Title: Coldwell Banker American Homes
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114-116 Ferris Avenue | MLS# 1030466
This commercial property located at 114-116 Ferris Avenue , White Plains, NY 10603 is currently listed for sale with an asking price of $925,000. 114-116 Ferris Avenue is located within the White Plains school district. Search White Plains real estate on www.soldbybryan.com today.