Turnkey Four-Family Corner Lot Property

87 Sickles Ave, New Rochelle, NY 10801

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For Sale

$1,350,000

Well-maintained, updated four-family property in New Rochelle, move-in ready.

Type:Investment

Property size:

4,000 SF

Price / SF:

$337/SF

Listing Contact

Kenneth Moran

HighLights

Turnkey, recently updated units: All units are move‑in‑ready with modern finishes.
Excellent unit mix: Features two 2‑bedroom/1‑bath and two 3‑bedroom/1‑bath units.
Desirable corner lot location enhances curb appeal, light exposure, and access.
Large walk‑out basement provides substantial additional space, utility, and storage.
Convenient location: Close to transportation, shopping, dining, schools, and major roadways.
Strong rental market offers long‑term upside potential for investors.

Learn more

For Sale

$1,350,000

Well-maintained, updated four-family property in New Rochelle, move-in ready.

Type:Investment

Property size:

4,000 SF

Price / SF:

$337/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 5:43 pm

Property Features for 87 Sickles Ave

General Information

Standard status: Active
Size: 4,000 SF
Property subtype: Investment

Building Details

Year Built: 1993

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Listing Contact

Kenneth Moran

Listing agent Kenneth Moran

Listing office Keller Williams Realty Group

Listing date Apr 24, 2026

Source Elliman

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 Keller Williams Realty Group

HighLights

Turnkey, recently updated units: All units are move‑in‑ready with modern finishes.
Excellent unit mix: Features two 2‑bedroom/1‑bath and two 3‑bedroom/1‑bath units.
Desirable corner lot location enhances curb appeal, light exposure, and access.
Large walk‑out basement provides substantial additional space, utility, and storage.
Convenient location: Close to transportation, shopping, dining, schools, and major roadways.
Strong rental market offers long‑term upside potential for investors.

Overview

This well-maintained four-family property, approximately 4,000 square feet, is situated on a corner lot. The building features two two-bedroom, one-bath units and two three-bedroom, one-bath units. All units have been recently updated with modern finishes and are in move-in-ready condition. The layouts are spacious and well-proportioned, with good natural light throughout. A large walk-out basement provides substantial additional space, along with a dedicated laundry room for tenant convenience. The basement access and size offer utility, storage, and operational flexibility. The corner lot positioning enhances curb appeal, light exposure, and access. The property is conveniently located near transportation, shopping, dining, schools, and major roadways. This property is located in New Rochelle and has a bike score of 56, walk score of 78, and transit score of 50.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$119.0k	$29.76
− Vacancy	−$7.7k	−$1.93
EGI	$111.3k	$27.83
− OpEx	−$33.4k	−$8.35
NOI	$77.9k	$19.48

4,000 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.11M

$973.9K – $1.30M (±1% cap)

NOI $77,912 @ 7.0% cap · market cap 5.77%

Second Best

Apartment 5plus

$980.1K

$857.6K – $1.14M (±1% cap)

NOI $68,607 @ 7.0% cap · market cap 5.08%

Theoretical Best

Retail

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,578 @ 7.0% cap · market cap 6.27%

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

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Rochelle
County: Westchester
State: New York
Longitude: -73.7886297
Latitude: 40.9151915

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For sale
Quadplexes
NY
New Rochelle
10801
87 Sickles Ave

What type of property is this?

Quadplex - Well-maintained, updated four-family property in New Rochelle, move-in ready.

Where is this quadplex located?

The property is located at 87 Sickles Ave New Rochelle, NY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Turnkey, recently updated units: All units are move‑in‑ready with modern finishes.; Excellent unit mix: Features two 2‑bedroom/1‑bath and two 3‑bedroom/1‑bath units.; Desirable corner lot location enhances curb appeal, light exposure, and access.