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Waterfront Six-Unit Apartment Complex
For Sale
$4,500,000

240-250 Pelham Road, New Rochelle, NY 10805

Commercial Sale, New Rochelle, NY

Property SizeContact for details
Lot Size0.47 Acres
Days on Market43

Property Features for 240-250 Pelham Road

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Parking Lot, Assigned, Driveway, Garage
Basement Walk-Out Access, Storage Space, Partially Finished, Full
Appliances Dishwasher, Gas Oven, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s)
Lot features Front Yard, Garden, Near Golf Course, Near Public Transit, Near School, Near Shops, Part Wooded, Views, Waterfront
View City, Water
Elementary school Trinity Elementary School
Middle school Isaac E Young Middle School
High school New Rochelle High School
Elementary school district New Rochelle
Middle school district New Rochelle
High school district New Rochelle
Directions Take Pelham Road to #240-250. Park in front of the units. If there's no space available, you can park on the side of the white shed in the back of the property. Pls don't block the doors on the shed. Thanks.
Standard status Active
APN 1000-000-002-00401-000-1001
Lot size 0.47 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 71961

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric, Central Air
Water source Public
Water front features Waterfront
Water front 1

Building Details

Year built 2006
Floors in Building 4
Number of units 6
Flooring type Hardwood, Tile - Ceramic
Building materials Aluminum Siding, Brick
Architectural style Other
Listing Agency: Keller Williams NY Realty · Keller Williams Realty
Listed By: Robert Pape
Added: Jul 9 Changed: Aug 20 Last Checked: Aug 20 at 7:06PM
MLS# 1024058

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit apartment property consists of upscale, four-level townhouse residences built in 2006. Each home includes three bedrooms, two and one-half baths, hardwood and ceramic tile flooring, central air conditioning, a walk-up attic, basement laundry and family-room areas, utility and storage rooms, a garage, and two additional parking spaces. Kitchens include gas cooking appliances, refrigerators, dishwashers, microwaves, and stainless steel equipment; five units have heating and cooling systems that are two years old, while water heaters were replaced within the past three years. The residences are individually deeded, and the property occupies 0.4698 acres with public water and sewer.

The complex fronts Long Island Sound and includes balconies with new Trex decking, new composite patios, refreshed exterior trim, new garage doors, and wrought-iron fencing with new gates. The property is walkable to Metro-North, elementary and middle schools, and a college, with restaurants and stores nearby. New Roc City, I-95, the Hutchinson River Parkway, Glen Island, and Hudson Park are also within the stated surrounding area.

Key Highlights

  • Six individually deeded apartment residences in a waterfront townhouse complex
  • Each residence includes 3 bedrooms, 2 1/2 baths, 4 levels, a garage, and 2 parking spaces
  • Waterfront setting with views of Long Island Sound

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Veterinary Clinic Home Appliance Store Pet Grooming Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

983
Businesses Nearby

Demographics for 10805, NY

18,479
Population
8,731
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
10,870
Density / Sq Mi
$89,964
Median Household Income
$53,513
Median Earnings
$2,018
Median Rent
$338,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six deeded townhouse-style residences offer waterfront living, private garages, updated systems, and access to Metro-North, schools, shopping, and dining.
Where is this apartment building located?
The property is located at 240-250 Pelham Road New Rochelle, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Six individually deeded apartment residences in a waterfront townhouse complex; Each residence includes 3 bedrooms, 2 1/2 baths, 4 levels, a garage, and 2 parking spaces; Waterfront setting with views of Long Island Sound
More about this property
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