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    308 5Th Ave New Rochelle, NY 10801

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    For Sale
    $1,150,000

    Multifamily property near campus with income potential.

    Lot size:
    0.09 Acres

    Property Features for 308 5Th Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1950

    Source: Compass Greater NY, LLC Agent Joseph Lukic

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

    Overview

    Multifamily Property Near Iona University

    This multifamily property is currently leased to Iona University tenants. It includes a separate two-car garage that is rented on a month-to-month basis, providing additional income. The property also features coin-operated laundry machines, which are included in the sale and offer further revenue opportunities. The property is located close to campus, shopping, and transportation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7785122
    Latitude
    40.9276255

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property near campus with income potential.
    Where is this multifamily property located?
    The property is located at 308 5Th Ave New Rochelle, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Leased to Iona University tenants, providing immediate rental income.; - Prime location close to campus, shopping, and transportation.; - Separate two-car garage rented on a month-to-month basis for extra income.
    (914) 334-3805
    Request Owner's contact information
    308 5Th Ave New Rochelle, NY 10801
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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
    308 5Th Ave New Rochelle, NY 10801
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