$1,325,000
$1,500,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
4,917 Sqft Lot
SOLD DATE : 05/05/2023
Key Details
Sold Price $1,325,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6228606
Year Built 1930
Annual Tax Amount $33,109
Lot Size 4,917 Sqft
Property Sub-Type Multi Family
Property Description
7 unit brick building in close proximity to blossoming downtown New Rochelle and the Metro North Railroad. This building offer two- 2 bedroom/1 bath apartments and five- 3 bedroom/1 bath units. Long term tenants in all but two units. This building is rent stabilized. It has a natural gas furnace heating the entire building. It also has access to the rear yard perfect for garbage storage. The current rent roll is 171k and expenses are approximately 60k, leaving the investor with a $111k NOI and a 7.4% CAP rate. There is excellent upside potential as it is located in the Downtown Overlay zone which could be a piece of a future high rise development. Call us today, this will not last!
Location
State NY
County Westchester County
Interior
Heating Natural Gas
Cooling None
Exterior
Parking Features None
Utilities Available Trash Collection Public
Building
Lot Description Level, Near Public Transit, Near School, Near Shops
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
Elementary Schools Trinity Elementary School
Middle Schools Isaac E Young Middle School
High Schools New Rochelle
School District New Rochelle
Others
Special Listing Condition None
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Bought with Century 21 Marciano
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