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 Market212
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.
Listed By:
Comfort Usukumah
(914) 715-7229
Source:
Elliman
Added: Mar 11
Changed: Sep 30
Last Checked: Oct 7 at 2:29PM
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 / Yr
$93,338
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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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).
