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Norden Lofts 121 Westmoreland Ave 65 Unit Apartment Building £16,130,875 (£248,167/Unit) White Plains, NY 10606
Investment Highlights
- Class A Building
- Gym, Pool Room, Bocce Ball Court, Multiple Lounges, Conference Room
- Walking Distance to White Plains Train Station
- Market Rate Apartments
- On-Site Parking
Executive Summary
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 bocci 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.
Property Facts
| Price | £16,130,875 | Costar Property Class | A |
| Price Per Unit | £248,167 | Total Plot Size | 0.78 ac |
| Sale Type | Investment | Property Size | 56,424 sq ft |
| No. Units | 65 | Average Occupancy | 95% |
| Property Type | Build-to-Rent | No. Floors | 6 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Mid-Rise | Parking Allocation | 1.4/1,000 sq ft |
| Use Class | LI | ||
| Price | £16,130,875 |
| Price Per Unit | £248,167 |
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | A |
| Total Plot Size | 0.78 ac |
| Property Size | 56,424 sq ft |
| Average Occupancy | 95% |
| No. Floors | 6 |
| Year Built | 2018 |
| Parking Allocation | 1.4/1,000 sq ft |
| Use Class | LI |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Wooden Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- Fitness Centre
- Bicycle Storage
- Lift
- Lounge
- Multi Use Room
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| Studios | 45 | - | 430 |
| 1+1 | 15 | - | 615 |
| 2+2 | 5 | - | 1,120 |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1700-130-025-00003-000-0001 | Improvements Assessment | £229,666 |
| Land Assessment | £45,128 | Total Assessment | £274,794 |
Property Taxes
Parcel Number
1700-130-025-00003-000-0001
Land Assessment
£45,128
Improvements Assessment
£229,666
Total Assessment
£274,794
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Norden Lofts | 121 Westmoreland Ave
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