Water-View Multi-Family
111 Rochelle Street New York, NY 10464
111 Rochelle Street, New York, NY, 10464
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - New York, NY
Property Size3,500 SF
Lot Size0.16 Acres
Price / SF$342.86
Days on Market60
Property Features for 111 Rochelle Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 3
- Parking features
- Driveway
- Patio and Porch features
- Deck, Porch
- Fireplace
- 1
- Standard status
- Active
- APN
- 5625/45
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Electric (Heating), Forced Air, Baseboard, Oil
- Water source
- Public
- Water front features
- Ocean Front
- Water front
- 1
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Flooring type
- Hardwood
- Additional Structures
- Pool House
Listing agency
R NEW YORK
(212) 688-1000
Listed by
Sandra Salander · License #10401234338
(212) 688-1000
Added: May 23 Updated: Jul 16 at 10:19PM Checked: Jul 21 at 7:06AM
MLS# 11799357
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
111 Rochelle Street is a stately 1920s multi-family estate with three independent residences. The front building includes two separate homes, the East and West residences, and the rear features a newly renovated cottage. The East residence is a five-bedroom home with multiple levels and a circular-flow layout, featuring oversized windows, high ceilings, and a large bay window with built-in seating. It includes a full bathroom, a kitchen with generous cabinetry and counter space, and French doors opening to an oversized deck. The dining room is centered around a fireplace. The upper levels provide additional bedrooms, including a primary bedroom and an office-configured room, plus a third-floor layout with two bedrooms and open-concept living space.
The West residence offers classic prewar character with original details, soaring ceilings, and a curved hand-carved oak staircase. It includes two entertaining rooms, a kitchen with direct backyard access, and two bedrooms with a full bathroom upstairs.
At the rear, the cottage provides a compact, functional layout with a queen-sized Murphy bed, full bathroom, lofted sleeping and storage area, and a kitchenette, along with approximately 340 sq ft of space. The property also includes a full unfinished basement in excellent condition and two driveways accommodating up to four cars.
The West residence offers classic prewar character with original details, soaring ceilings, and a curved hand-carved oak staircase. It includes two entertaining rooms, a kitchen with direct backyard access, and two bedrooms with a full bathroom upstairs.
At the rear, the cottage provides a compact, functional layout with a queen-sized Murphy bed, full bathroom, lofted sleeping and storage area, and a kitchenette, along with approximately 340 sq ft of space. The property also includes a full unfinished basement in excellent condition and two driveways accommodating up to four cars.
Key Highlights
- Waterfront multi‑family estate with three independent residences on City Island: East residence, West residence, and a rear cottage
- East residence at 111 Rochelle Street East offers ~2,107 SF across three levels with 5 bedrooms and 2+ bathrooms (including a renovated full bath)
- East residence includes a large 16' x 18' deck and a dining room centered around a fireplace, plus oversized windows and high ceilings
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $209.6k | $59.88 |
| − Vacancy | −$10.5k | −$2.99 |
| EGI | $199.1k | $56.89 |
| − OpEx | −$89.6k | −$25.60 |
| NOI | $109.5k | $31.29 |
3,500 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,453 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.83M
NOI $109,506 @ 7.0% cap · market cap 9.13%
Theoretical Best
Specialty Retail
$8.71M
$7.62M – $10.16M
NOI $609,840 @ 7.0% cap · market cap 50.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multi-family property with three independent residences, a detached guest cottage, and two driveways accommodating up to four cars.
Where is this triplex located?
The property is located at 111 Rochelle Street New York, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Waterfront multi‑family estate with three independent residences on City Island: East residence, West residence, and a rear cottage; East residence at 111 Rochelle Street East offers ~2,107 SF across three levels with 5 bedrooms and 2+ bathrooms (including a renovated full bath); East residence includes a large 16' x 18' deck and a dining room centered around a fireplace, plus oversized windows and high ceilings
