New Rochelle Multifamily Investment
59 Crescent Ave New Rochelle, NY 10801
59 Crescent Ave, New Rochelle, NY, 10801
$607,500
For Sale
$607,500
Three-family property in urban New Rochelle near amenities.
Property Size1,744 SF
Price / SF$348.34
Days on Market97
Property Features for 59 Crescent Ave
General Information
- Standard status
- Active
- Size
- 1,744 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1885
Listing Agency
RealHome Services & Solutions
(678) 201-0475
Listed by
Christopher A. Rose · License #10311208824
(678) 201-0475
Source
Elliman
Added: Apr 11 Checked: Jul 16 at 4:44 am
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 RealHome Services & Solutions
Investment Insights
Based on property information with market context.
This legal three-family property is located in New Rochelle. The pre-war multifamily property offers approximately 1,744 square feet of living space. It is situated in a well-established urban neighborhood with close proximity to transportation, schools, parks, and neighborhood shopping. The area shows strong market activity with increasing values and typical marketing times under three months for competitively priced properties. This property presents an excellent opportunity for investors seeking long-term rental income or value-add potential. The property is being sold as-is. The location has a bike score of 64, indicating it is bikeable. The walk score is 97, designating it as a walker's paradise, and the transit score is 58, indicating good transit options.
Key Highlights
- Walker's Paradise: Enjoy exceptional walkability with a Walk Score of 97.
- Strong Investment Potential: Benefit from increasing property values and quick marketing times.
- Multifamily Property: Ideal for long‑term rental income or value‑add opportunities.
Local Financial Insights For Multifamily LT 5
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 | $51.9k | $29.76 |
| − Vacancy | −$3.4k | −$1.93 |
| EGI | $48.5k | $27.83 |
| − OpEx | −$14.6k | −$8.35 |
| NOI | $34.0k | $19.48 |
1,744 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.3K
$424.6K – $566.2K
NOI $33,969 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$427.3K
$373.9K – $498.6K
NOI $29,913 @ 7.0% cap · market cap 4.92%
Theoretical Best
Retail
$526.8K
$461.0K – $614.6K
NOI $36,876 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family property in urban New Rochelle near amenities.
Where is this triplex located?
The property is located at 59 Crescent Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $607,500.
What are key features of this property?
This property features: Walker's Paradise: Enjoy exceptional walkability with a Walk Score of 97.; Strong Investment Potential: Benefit from increasing property values and quick marketing times.; Multifamily Property: Ideal for long‑term rental income or value‑add opportunities.
