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Norden Lofts MultiFamily Listed at 121 Westmoreland Avenue

Norden Lofts MultiFamily Listed at 121 Westmoreland Avenue
FOR SALE

$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

[email protected]

Mike Scrima

[email protected]


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

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White Plains MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Michael Scrima

Michael Scrima

Director

60 closed

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Thomas Gorman Jr.
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Thomas Gorman Jr.

Director

62 closed

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Michael Scrima

Michael Scrima

Director

60 closed

Call
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Director

62 closed

Call