COMMERCIAL GROUP
2-Story Retail Strip in This corner 2-story retail strip features: • 15 retail units on the first and second floors KLEIN | LANZA SALES TEAM Downtown White Plains • 19,545 Sq. Ft. above grade + 8,700 Sq. Ft. ALEX COHEN Licensed Real Estate Salesperson basement level M. 914.582.5902 43-61 MAMARONECK AVENUE [email protected] WHITE PLAINS, NY • Fully renovated in 2012
OFFERED AT $13,600,000 • 100,000 total buildable square feet
Houlihan Lawrence Commercial Group • 5 blocks from the White Plains Metro-North 800 Westchester Avenue, Suite N-517 Rye Brook, NY 10573 train station O. 914 798 4900 43-61 MAMARONECK AVENUE Property Photos WHITE PLAINS, NY
OFFERED AT $13,600,000 COMMERCIAL GROUP
KLEIN | LANZA SALES TEAM
ALEX COHEN Licensed Real Estate Salesperson M. 914.582.5902 [email protected]
Houlihan Lawrence Commercial Group 800 Westchester Avenue, Suite N-517 Rye Brook, NY 10573 O. 914 798 4900 43-61 MAMARONECK AVENUE Property Overview WHITE PLAINS, NY
OFFERED AT $13,600,000 COMMERCIAL GROUP
SUMMARY This Downtown White Plains property is situated on the northeast corner of Mamaroneck Avenue and Mitchell Place, between the Bronx River Parkway and the Cross Westchester Expressway (I-287). Neighboring shopping malls include the “Galleria White Plains” and “City Center”, which are both located directly across from the Property, and “The Westchester”, a 890,000 SF national mall operated by Simon Property Group anchored by Neiman Marcus, Crate & Barrel, and New York state's first Nordstrom. Other retailers in the area: Gucci, Burberry, Tiffany & Co, Abercrombie & Fitch, Ann Taylor, Salvatore Ferragamo, Williams-Sonoma, BOSS Store, Macy’s, New York Sports Club, Barnes & Noble, and Apple The Westchester. As of 2015, the city's total population was estimated to be 57,866, up from the 2010 census. According to the city government, the daytime weekday population is estimated at 250,000±. The city was ranked third in the top 10 places to live in New York for 2016, according to a national online real estate brokerage survey.
Neighborhood / District White Plains Central Business District (CBD) Section, Block & Lot 125.76-3-17 Parcel ID 47720 KLEIN | LANZA SALES TEAM Built Area 19,545± SF Stories / SF 2-story / 19,545± SF ALEX COHEN Total Retail & Commercial Units 4 Ground Floor Units & 11 Second Floor Units Licensed Real Estate Salesperson Property Class Downtown Row Type (with Common Wall) Core Business-2 (CB-2) M. 914.582.5902 Zoning [email protected] Assessment / Taxes (2017/2018) $354,900 / $140,157 (see below) Westchester County Tax $14,465.88 City of White Plains Tax $28,854.49 White Plains School District Tax $88,004.99 Houlihan Lawrence Commercial Group Special District Total Tax $ 3,363.00 800 Westchester Avenue, Suite N-517 BID Tax $ 5,469.46 Rye Brook, NY 10573 O. 914 798 4900 43-61 MAMARONECK AVENUE Rent Roll & Expenses WHITE PLAINS, NY
OFFERED AT $13,600,000 COMMERCIAL GROUP
43-61 Mamaroneck Avenue SF: 19,545
Monthly Income Rent Lease Expiration Westchester Dental $ 18,838.44 12/31/2021 Tropical Restaurant $ 10,000.00 6/14/2022 Sunshine Pizza $ 11,000.00 1/31/2023 Iron Tomato $ 26,787.73 12/31/2021 The Loft 914 $ 1,270.00 8/31/2021 More Hair $ 2,550.00 8/31/2021 Natural Hair $ 983.90 12/31/2021 Westchester Cigar Lounge $ 2,250.00 1/18/2020 Iron Tomato $ 546.00 12/31/2021 Phatburn $ 2,588.67 2/28/2023 Phatburn $ 787.86 2/28/2023 KIR Tax $ 2,244.49 12/31/2021 New Look (Kenson) $ 860.93 12/31/2021 God Bless $ 1,568.67 12/31/2021 BAB Collectibles $ 1,100.00 12/31/2021 Monthly Total $ 83,376.69
Total Annual Gross Income $ 1,000,520.28 $ 51.19
Expenses Real Estate Taxes $ 11,679 $ 0.60 Water & Sewer $ 1,333 $ 0.07 KLEIN | LANZA SALES TEAM Insurance $ 1,166 $ 0.06 Maintenance $ 600 $ 0.03 ALEX COHEN Miscellaneous $ 500 $ 0.03 Licensed Real Estate Salesperson Utilities $ 325 $ 0.02 M. 914.582.5902 [email protected] Total Expenses $ 15,603 $ 0.80 Net Operating Income $ 984,917 $ 50.39
Houlihan Lawrence Commercial Group 800 Westchester Avenue, Suite N-517 Rye Brook, NY 10573 O. 914 798 4900 43-61 Mamaroneck Avenue, White Plains, NY 10601 2-Story Retail Strip For Sale | Exclusive Offering | Westchester County
43-61 Mamaroneck Avenue, White Plains, NY 10601 2-Story Retail Strip For Sale | ExclusiveParcel Offering |Map Westchester County 43-61 MAMARONECK AVENUE Parcel & Zoning Maps WHITE PLAINS, NY Parcel MapOFFERED AT $13,600,000 COMMERCIAL GROUP PARCEL MAP
43-61 Mamaroneck Avenue
43-61 Mamaroneck Avenue Zoning Map ZONING MAP
Zoning Map
KLEIN | LANZA SALES TEAM
ALEX COHEN Licensed Real Estate Salesperson M. 914.582.5902 [email protected]
Houlihan Lawrence Commercial Group 800 Westchester Avenue, Suite N-517 Rye Brook, NY 10573 O. 914 798 4900
381 Park Avenue South, 15th Floor, New York, NY 10016 | Tel: 212.689-8488 | Fax: 212.689-9518 | www.besengroup.com
381 Park Avenue South, 15th Floor, New York, NY 10016 | Tel: 212.689-8488 | Fax: 212.689-9518 | www.besengroup.com 43-61 Mamaroneck Avenue, White Plains, NY 10601 2-Story Retail Strip For Sale | Exclusive Offering | Westchester County
Street Map 43-61 Mamaroneck Avenue, White Plains, NY 10601 2-Story Retail Strip For Sale | Exclusive Offering | Westchester County 43-61 MAMARONECK AVENUE Street & Bird’s Eye Maps WHITE PLAINS, NY
Street MapOFFERED AT $13,600,000 COMMERCIAL GROUP STREET MAP
43-61 Mamaroneck Avenue
43-61 Mamaroneck Avenue Bird’s Eye Map BIRD’S EYE MAP Bird’s Eye Map
KLEIN | LANZA SALES TEAM
ALEX COHEN Licensed Real Estate Salesperson M. 914.582.5902 [email protected]
Houlihan Lawrence Commercial Group 800 Westchester Avenue, Suite N-517 Rye Brook, NY 10573 O. 914 798 4900
th 381381 Park Park Avenue Avenue South, South, 15 15Floor,th Floor, New New York, York, NY NY10016 10016 | Tel: | Tel: 212.689 212.689-8488-8488 | Fax: | Fax: 212.689 212.689-9518-9518 | www.besengroup.com | www.besengroup.com 43-61 Mamaroneck Avenue, White Plains, NY 10601 2-Story Retail Strip For Sale | Exclusive Offering | Westchester43-61 MAMARONECK County AVENUE Aerial View WHITE PLAINS, NY
OFFERED AT $13,600,000 COMMERCIAL GROUP Aerial Map
KLEIN | LANZA SALES TEAM
ALEX COHEN Licensed Real Estate Salesperson M. 914.582.5902 [email protected] 43-61 Mamaroneck Avenue
Houlihan Lawrence Commercial Group 800 Westchester Avenue, Suite N-517 Rye Brook, NY 10573 O. 914 798 4900
381 Park Avenue South, 15th Floor, New York, NY 10016 | Tel: 212.689-8488 | Fax: 212.689-9518 | www.besengroup.com 43-61 Mamaroneck Avenue, White Plains, NY 10601 2-Story Retail Strip For Sale | Exclusive Offering | Westchester County
43-61 MAMARONECK AVENUE Retail Map WHITE PLAINS, NY
Retail MapOFFERED AT $13,600,000 COMMERCIAL GROUP