Verco Properties Buys 2 Luxury Apartment Complexes in White Plains

Both properties were developed by David Mann’s Lighthouse Living company in 2015.

Mamaroneck’s Verco Properties bought two luxury White Plains apartment complexes for $11 million dollars each. Both properties were developed by David Mann’s Lighthouse Living company in 2015.

The Reed, located at 115 N Broadway, has 23 units across 3 stories, ranging from 900-square-foot one-bedrooms for $2575 a month, to a $3425, 1500-square-foot two-and-half-bath two-bedroom. The Dylan’s units, located near the center of White Plains at 42 Waller Ave, are slightly smaller but less expensive per-square-foot: from 800-square-foot one-bedrooms for $1450 per-month to a $2950, two-bedroom, 1200-square-foot unit. It also houses commercial space on the first of its four floors. Minimal-to-no renovation is expected on the modular buildings.

The Reed

- Advertisement -

The project is part of Verco’s pivot away from New York City. The company, which has previously developed the former Mamaroneck train station and is at work on the Harrison Playhouse Lofts complex, is hoping to appeal to millennials tired of NYC rents, as well as empty-nesters who no longer want to take care of large homes.

Amenities include covered parking and a glass-sided elevator at the Reed.


Our Best of Westchester Party is July 24!

Our Westchester Home Design Awards event is June 26!

Our Wine & Food Festival returns June 4-9!

Our Wunderkinds event takes place on May 23!

Our Best of Business Ballot is open through May 15!

Our Healthcare Heroes Awards event takes place on May 9!

Our Westchester Home Builders Awards take place on April 4!

Our Diversity, Equity & Inclusion Forum is March 14!

Unveiled: A Boutique Bridal Brunch is February 25!

Holiday flash sale ... subscribe and save 50%

Limited time offer. New subscribers only.