Partners Insights November 24, 2025: What's on the Market

WHAT’S ON THE MARKET

Partner Insights

L i v e Y o u r B e s t L i f e

I N D E P E N D E N T L I V I N G

W e o f f e r a l l t h e c o m f o r t s o f a r e t i r e m e n t

c o m m u n i t y o n a r e n t a l b a s i s – w i t h n o

e n t r a n c e f e e s o r l o n g - t e r m

c o m m i t m e n t s – i n y o u r c h o i c e o f

t o w n h o m e s , a p a r t m e n t s , a n d s t u d i o s .

A S S I S T E D L I V I N G

O u r r e s i d e n t s h a v e e v e r y t h i n g a t h a n d

a n d e v e r y o p p o r t u n i t y t o l i v e t h e i r o w n

l i f e , o n t h e i r t e r m s . T h e s e a p a r t m e n t s

c o m e c o m p l e t e w i t h t h e s u p p o r t s a n d

s e r v i c e s a r e s i d e n t m a y r e q u i r e .

M E M O R Y C A R E

A t W a r t b u r g ’ s B e r k e m e i e r L i v i n g C e n t e r

w e a r e d e d i c a t e d t o p r o v i d i n g

e x c e p t i o n a l c a r e a n d s u p p o r t f o r

i n d i v i d u a l s w i t h m e m o r y i s s u e s , e n s u r i n g

a l i f e o f c o m f o r t , d i g n i t y , a n d j o y

A D U L T D A Y C A R E

W h e t h e r y o u r f a m i l y c h o o s e s t h e s o c i a l

m o d e l o r f i n d s t h a t t h e a d d i t i o n a l

h e a l t h c a r e s u p p o r t o f o u r m e d i c a l m o d e l

b e t t e r m e e t s y o u r n e e d s , y o u w i l l h a v e

p e a c e o f m i n d k n o w i n g y o u r l o v e d o n e i s

i n a n u r t u r i n g , c a r i n g e n v i r o n m e n t t h e y

a r e s u r e t o e n j o y

R E H A B I L I T A T I O N

O u r c a r e f o c u s e s o n m a x i m i z i n g t h e

i n d e p e n d e n c e o f e v e r y p a t i e n t O u r

d e d i c a t e d s t a f f h a s m a n y y e a r s o f

e x p e r i e n c e a n d t h e p u t t h a t e x p e r i e n c e

t o w o r k f o r e v e r y p a t i e n t e v e r y d a y . W e

c r e a t e a n i n t e n s i v e t h e r a p y r e g i m e n f o r

e a c h i n d i v i d u a l t h a t i s b a s e d o n t h e i r

n e e d s a n d g o a l s – f o c u s e d o n a s p e e d y

r e c o v e r y .

Class A Multi-Family Opportunity

Norden Lofts – White Plains, NY

Houlihan Lawrence Commercial is proud to present a 65-unit Class A apartment complex in White Plains, NY. This is a rare opportunity to acquire scale in Westchester County’s most sought-after business and lifestyle hub. The property is strategically located just outside of downtown and within walking distance of the train station.

Built in the early 1900s, the building played a pivotal role in the development of radar technology post–World War II, housing the famed military contractor Norden Labs. Over the years, the property was home to a number of different companies and uses until its modern-day conversion to luxury apartments in 2018. No expense was spared during the renovation, with the entire interior being completely rebuilt.

Houlihan Lawrence Commercial is proud to present a 65-unit Class A apartment complex in White Plains, NY. This is a rare opportunity to acquire scale in Westchester County’s most sought-after business and lifestyle hub. The property is strategically located just outside of downtown and within walking distance of the train station. Built in the early 1900s, the building played a pivotal role in the development of radar technology post–World War II, housing the famed military contractor Norden Labs. Over the years, the property was home to a number of different companies and uses until its modern-day conversion to luxury apartments in 2018. No expense was spared during the renovation, with the entire interior being completely rebuilt.

Norden Lofts is comprised of 44 studios, 16 one-bedrooms, and 5 two-bedroom apartments. Each unit features hardwood floors, large casement windows, high ceilings (11 feet) with exposed pipes and ducts, quartz countertops, 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 pet-grooming station. There is on-site gated parking for 79 cars.

The property is very competitively priced at $338,462 per unit. Comparable luxury properties in Westchester County have recently sold in the range of $300,000 to $1,000,000 per unit. At above a 6% capitalization rate, the property offers a strong return on capital, even in today’s lending environment.

This opportunity is new to the market at current pricing levels. Market activity has been robust since its launch on November 7, 2025, so interested investors are encouraged to contact Michael Scrima or Tom Gorman to express their interest and arrange to submit a Letter of Intent outlining their acquisition terms.

Michael Scrima

Cell: 845-596-9104

Michael Scrima

Cell: 845-596-9104

MScrima@houlihanlawrence.com

Thomas Gorman

MScrima@houlihanlawrence.com

Cell: 845-709-3222

Thomas Gorman

Cell: 845-709-3222

TGorman@houlihanlawrence.com

Strategically positioned at the gateway to New York City, White Plains stands as the economic and cultural capital of Westchester County — a thriving market where demand for high-quality rental housing continues to rise. For multifamily investors, it offers a rare balance of stability, growth, and prestige.

A Robust, High-Demand Market

With its expanding population of professionals, commuters, and downsizing homeowners, White Plains enjoys one of the region’s strongest rental markets. Median incomes and employment rates consistently outperform state averages, driven by a diverse economy anchored by healthcare, law, finance, and technology sectors. The city’s ongoing redevelopment initiatives continue to attract affluent tenants seeking urban convenience without sacrificing suburban comfort.

Urban Energy Meets Suburban Appeal

Residents are drawn to White Plains for its walkable downtown, luxury retail, and first-class dining — all minutes from serene parks and green spaces. Express Metro-North service puts Manhattan just 30 minutes away, making it an ideal location for those who work in the city but value a more relaxed lifestyle.

An Evolving Investment Landscape

White Plains is in the midst of a transformation. A new generation of mixed-use developments, lifestyle-driven amenities, and elevated design standards are redefining the city’s skyline. Investors benefit from strong absorption rates, a limited inventory of premium rentals, and enduring appeal across demographics — from young professionals to empty nesters.

Invest in White Plains – Where Opportunity Meets Excellence

With a proven track record of resilience, sustained demand, and ongoing urban renewal, White Plains offers multifamily buyers an exceptional opportunity to participate in one of the most desirable and dynamic real estate markets in the New York metropolitan area.

Steven

◼

Michael

Turn static files into dynamic content formats.

Create a flipbook