Norden Lofts MultiFamily Listed at 121 Westmoreland Avenue
$22,000,000
121 Westmoreland Avenue, White Plains, NY 10606
56,424 SF
Square Feet
$390
PPSF
6.03%
CAP
Property Description
NOI
$1,326,564
Cap Rate
6.03%
Norden Lofts is a gut rehabbed (completed Sept. 2018) double elevator, 6-story, 65 unit
“Class A” luxury building containing a total of 56,424 square feet. There are 44 studios,
16 one-bedroom and five two-bedroom apartments (two bath), all of which feature
hardwood floors, large casement windows, high ceilings (11 feet) with exposed pipes
and ducts, quartz counter tops, stainless steel appliances (electric stoves) and
washers/dryers. Building amenities include a finished lower level with a bocce court,
fitness center, club room, lounge area, meeting room, pool table, foosball table, and a
pet-grooming station . There is on-site gated parking for 79 cars.
Contact for more information:
Thomas Gorman
Mike Scrima
Property Details
Asset Type
MultiFamily
Submarket
White Plains
ZIP
10606
Renovated
2018
Listing Type
sale
Net Operating Income (NOI)
$2,104,594
Debt Service Coverage Ratio (DSCR)
1.68x
Cap Rate
9.57%
Cash Flow (Annual)
$853,099
Cash-on-Cash Return
15.51%
Monthly Debt Service
$104,291
Annual Debt Service
$1,251,495
View on Map
Address
121 Westmoreland Avenue
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
White Plains MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.