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    236 Purchase St Rye, NY 10580

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    For Sale
    $1,900,000

    Three-family property near downtown Rye with redevelopment potential.

    Lot size:
    0.19 Acres

    Property Features for 236 Purchase St

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1920

    Source: William Raveis Real Estate Agent Nelly Lopez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Family Property Near Downtown Rye

    This legal side-by-side three-family property features an attached two-car garage, driveway parking, and backyard/patio space. Situated on a corner lot, it is conveniently located near downtown Rye, shopping areas, Metro North, and schools. The property comprises the following units: a 2-bedroom, 1.5-bathroom duplex; a 3-bedroom, 1.5-bathroom unit; and a 1-bedroom, 1-bathroom unit with access to finished attic space. All units have access to the patio, backyard space, garage, and parking facilities. The current tenants are on a month-to-month lease and paying below fair market rate. This property presents a redevelopment opportunity with the potential for increased gross annual rental income.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rye
    County
    Westchester
    State
    New York
    Longitude
    -73.6835142
    Latitude
    40.9903705

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    FAQs

    What type of property is this?
    Triplex - Three-family property near downtown Rye with redevelopment potential.
    Where is this triplex located?
    The property is located at 236 Purchase St Rye, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Legal three-family property on a corner lot near downtown Rye.; - Attached two-car garage and driveway parking.; - Backyard/patio space.
    (917) 859-1414
    Request Owner's contact information
    236 Purchase St Rye, NY 10580
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    236 Purchase St Rye, NY 10580
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