New Rochelle Triplex Investment
For Sale
$1,200,000
Pending
114 Lincoln Ave, New Rochelle, NY 10801
Three-unit residential income property in central New Rochelle location.
Property Size4,792 SF
Lot Size0.11 Acres
Days on Market167
Property Features for 114 Lincoln Ave
General Information
Standard status
Pending
Size
4,792 SF
Lot size
0.11 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,590
Building Details
Building Size
4,792 SF
Year Built
1890
Units
3
Listing Agency:
Comfort Homes & Property Management LLC.
(914) 715-7229
Listed By:
Comfort Usukumah
(914) 715-7229
Source:
Elliman
Added: Mar 11
Changed: Aug 13
Last Checked: Aug 23 at 5:50AM
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 Comfort Homes & Property Management LLC.
Investment Insights
Based on property information with market context.
This multifamily property features three apartments, each with three bedrooms and one bathroom. Located in central New Rochelle, the property is a short walk from an elementary school and within walking distance of a high school. Transportation options are readily accessible, with shops, restaurants, medical services, and the Metro-North train to Manhattan and the Northeast Corridor all within walking distance. A children's playground and park with barbecue facilities are located nearby. The units are suitable for rental at market prices.
Key Highlights
- Cash‑cow investment property with three apartments.
- Prime central New Rochelle location.
- Convenient access to transportation (Metro‑North to Manhattan and Northeast).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,866,760
$1.9M
Cap Rate 7%
$1,333,400
$1.3M
Cap Rate 9%
$1,037,089
$1.0M
Market Conditions
NOI Build-Up for 4,792 SF
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.
Gross rent
$142.6K $29.76/SF
− Vacancy
−$9.3K −$1.93/SF
EGI
$133.3K $27.83/SF
− OpEx
−$40.0K −$8.35/SF
NOI
$93.3K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,866,760
Cap Rate 7%
$1,333,400
Cap Rate 9%
$1,037,089
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,338 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,191 @ 7.0% cap · market cap 6.85%
Theoretical Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,324 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property in central New Rochelle location.
Where is this triplex located?
The property is located at 114 Lincoln Ave New Rochelle, 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: Cash‑cow investment property with three apartments.; Prime central New Rochelle location.; Convenient access to transportation (Metro‑North to Manhattan and Northeast).
