Retail and Office
625 North Ave New Rochelle, NY 10801
625 North Ave, New Rochelle, NY, 10801
$2,995,000
Pending
For Sale
$2,995,000
Pending
Brick and stucco building with central A/C and loading dock, suited for retail or office use under C-1 zoning.
Property Size7,800 SF
Lot Size0.30 Acres
Days on Market603
Property Features for 625 North Ave
General Information
- Standard status
- Pending
- Size
- 7,800 SF
- Lot size
- 0.30 Acres
Listing agency
Century 21 Marciano
(914) 906-6754
Listed by
Pasquale A. Marciano · License #37MA1101672
(914) 906-6754
Source
Exprealty
Added: Nov 25, 2024 Updated: Jul 10 at 4:00PM Checked: Jul 19 at 7:06AM
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 Century 21 Marciano
Investment Insights
Based on property information with market context.
Built in 1917, this brick and stucco commercial building sits on approximately 0.3 acres and totals about 7,800 square feet. The property was formerly used as a pharmacy, and it offers adaptable interiors with lofty ceilings, central A/C, and a loading dock. The building is described as needing TLC, giving buyers an opportunity to tailor the space to their intended operation.
The site is positioned close to Iona University, supporting strong foot traffic and visibility. Adjacency to a spacious parking lot also provides convenient on-site access for patrons and employees.
Zoned C-1, the property is intended to accommodate a range of business ventures, including retail or office uses. For investors or owner-operators seeking a flexible, re-tenantable commercial asset with direct operational components like central A/C and a loading dock, this is a straightforward canvas to reimagine based on current requirements. Owner financing is noted as possible with 35% down.
The site is positioned close to Iona University, supporting strong foot traffic and visibility. Adjacency to a spacious parking lot also provides convenient on-site access for patrons and employees.
Zoned C-1, the property is intended to accommodate a range of business ventures, including retail or office uses. For investors or owner-operators seeking a flexible, re-tenantable commercial asset with direct operational components like central A/C and a loading dock, this is a straightforward canvas to reimagine based on current requirements. Owner financing is noted as possible with 35% down.
Key Highlights
- 0.3‑acre brick and stucco commercial building with 7,800 SF built in 1917
- Adaptable interior layout with lofty ceilings, central A/C, and a loading dock
- C‑1 zoning allows a range of commercial uses, including retail or office
Local Financial Insights For Retail
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 | $271.4k | $34.80 |
| − Vacancy | −$35.8k | −$4.59 |
| EGI | $235.6k | $30.21 |
| − OpEx | −$70.7k | −$9.06 |
| NOI | $164.9k | $21.14 |
7,800 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.36M
$2.06M – $2.75M
NOI $164,927 @ 7.0% cap · market cap 5.51%
Second Best
Office B
$1.71M
$1.49M – $1.99M
NOI $119,443 @ 7.0% cap · market cap 3.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
CVS Pharmacy
Pharmacy
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Brick and stucco building with central A/C and loading dock, suited for retail or office use under C-1 zoning.
Where is this retail space located?
The property is located at 625 North Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 0.3‑acre brick and stucco commercial building with 7,800 SF built in 1917; Adaptable interior layout with lofty ceilings, central A/C, and a loading dock; C‑1 zoning allows a range of commercial uses, including retail or office
