9-Unit Brick Apartment
New
For Sale
$1,995,000
107 Lincoln Ave, New Rochelle, NY 10801
Rent stabilization and rear parking shape the operating profile of this multifamily property.
Property Size6,135 SF
Days on Market2
Property Features for 107 Lincoln Ave
General Information
Standard status
Active
Size
6,135 SF
Total Parking Spaces
5
Property subtype
Commercial
Net Operating Income
$139,000
Units
Unit Mix
8 x 4-room apartment, 1 x 2BR
Multifamily Units
9
Additional Details
Cap Rate
6.6%
Taxes and HOA fees
Annual Taxes
$36,983
Building Details
Building Size
6,135 SF
Year Built
1906
Buildings
1
Units
9
Construction
brick and stucco
Listed By:
Pasquale A. Marciano
(914) 235-4996
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pasquale A. Marciano
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Investment Insights
Based on property information with market context.
This 9-unit apartment building, constructed in 1906, has a brick and stucco exterior. The unit mix comprises eight four-room apartments and one two-bedroom apartment. The property is rent stabilized, with increases governed by New York State guidelines for Westchester County. A gas-heating system uses dual fuel and can be converted back to oil. Building expenses include utilities, taxes, insurance, garbage, hallway maintenance, and property management.
Four to five parking spaces are located behind the building, with four currently rented. The property also has driveway access shared with the neighboring garage owner; the street-side right 3 feet of the driveway belongs to this building. Walk Score is 86, Bike Score is 58, and Transit Score is 48.
Four to five parking spaces are located behind the building, with four currently rented. The property also has driveway access shared with the neighboring garage owner; the street-side right 3 feet of the driveway belongs to this building. Walk Score is 86, Bike Score is 58, and Transit Score is 48.
Key Highlights
- 9 apartments: eight four‑room units and one two‑bedroom unit
- Brick and stucco construction; built in 1906
- Rent‑stabilized apartments subject to New York State increases for Westchester County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,226
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,520
$2.1M
Cap Rate 7%
$1,503,229
$1.5M
Cap Rate 9%
$1,169,178
$1.2M
Market Conditions
NOI Build-Up for 6,135 SF
Gross rent
$202.5K $33.00/SF
− Vacancy
−$11.1K −$1.82/SF
EGI
$191.3K $31.19/SF
− OpEx
−$86.1K −$14.03/SF
NOI
$105.2K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,520
Cap Rate 7%
$1,503,229
Cap Rate 9%
$1,169,178
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.32M – $1.75M
NOI $105,226 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,721 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Rent stabilization and rear parking shape the operating profile of this multifamily property.
Where is this apartment building located?
The property is located at 107 Lincoln Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 9 apartments: eight four‑room units and one two‑bedroom unit; Brick and stucco construction; built in 1906; Rent‑stabilized apartments subject to New York State increases for Westchester County
