Mixed-Use Property with
For Sale
$3,500,000
342 North Avenue, New Rochelle, NY 10801
Brick building combines residential units with ground-floor commercial space.
Property Size17,500 SF
Price / SF$200
Days on Market2818
Property Features for 342 North Avenue
General Information
Standard status
Active
Size
17,500 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$37,500
Amenities
No, No, None
Full
Park, Public
17500
No Common Walls
Square Feet
No
Brick
None, Park, Level, Near Public Transit
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Angel Tejada · License #10301220534
(914) 997-0097
Source:
Compass
Added: Jan 28, 2019
Changed: Oct 10
Last Checked: Oct 15 at 1:50AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Located at 342 North Avenue in New Rochelle, this 17,500-square-foot mixed-use property contains 11 apartments alongside a deli at street level. The brick building was constructed in 1920 and includes a level setting near public transit and a park.
Tenants are responsible for gas and electric service. The combination of residential occupancy and ground-floor commercial use creates a single property with both apartment and retail components.
Tenants are responsible for gas and electric service. The combination of residential occupancy and ground-floor commercial use creates a single property with both apartment and retail components.
Key Highlights
- 11 apartments within a mixed‑use property
- Ground‑level deli component
- 17,500 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,156
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,003,120
$6.0M
Cap Rate 7%
$4,287,943
$4.3M
Cap Rate 9%
$3,335,067
$3.3M
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$577.5K $33.00/SF
− Vacancy
−$31.8K −$1.82/SF
EGI
$545.7K $31.19/SF
− OpEx
−$245.6K −$14.03/SF
NOI
$300.2K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,003,120
Cap Rate 7%
$4,287,943
Cap Rate 9%
$3,335,067
Alternative Uses
Best Use
Retail
$5.29M
$4.63M – $6.17M
NOI $370,028 @ 7.0% cap · market cap 10.57%
Second Best
Apartment 5plus
$4.29M
$3.75M – $5.00M
NOI $300,156 @ 7.0% cap · market cap 8.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick building combines residential units with ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 342 North Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 11 apartments within a mixed‑use property; Ground‑level deli component; 17,500 square feet of building area
