Three-Unit Multifamily
For Sale
$949,999
Pending
249 Centre Avenue, New Rochelle, NY 10805
Multifamily property with separately metered units and flexible layouts near downtown New Rochelle.
Property Size3,441 SF
Days on Market73
Property Features for 249 Centre Avenue
General Information
Standard status
Pending
Size
3,441 SF
Property subtype
Triplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$22,780
Building Details
Building Size
3,441 SF
Year Built
1900
Listing Agency:
Real Broker NY LLC
Listed By:
Emanuel Ochoa · License #10301223673
(914) 247-2632
Source:
Cottiemaxwellrealestate
Added: Aug 13
Changed: Oct 17
Last Checked: Oct 23 at 4:06PM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This three-unit multifamily property, built in 1900, includes a first-floor one-bedroom unit connected to a finished basement with two additional bedrooms. The second residence has two bedrooms, while the third offers one bedroom, creating a varied unit mix across the building.
Each apartment has its own gas and electric meter, and occupants are responsible for those individual utility bills. A separate meter serves shared areas, including the foyer and stairwell. The property is near the New Rochelle waterfront, Hudson Park and Beach, Glen Island Park, downtown New Rochelle, local shops and restaurants, and the New Rochelle Metro-North station.
Each apartment has its own gas and electric meter, and occupants are responsible for those individual utility bills. A separate meter serves shared areas, including the foyer and stairwell. The property is near the New Rochelle waterfront, Hudson Park and Beach, Glen Island Park, downtown New Rochelle, local shops and restaurants, and the New Rochelle Metro-North station.
Key Highlights
- Three separate residential units with a one‑bedroom, two‑bedroom, and expanded first‑floor layout
- First‑floor unit includes a finished basement with two additional bedrooms
- Individual gas and electric meters serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,024
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,480
$1.3M
Cap Rate 7%
$957,486
$957.5K
Cap Rate 9%
$744,711
$744.7K
Market Conditions
NOI Build-Up for 3,441 SF
Gross rent
$102.4K $29.76/SF
− Vacancy
−$6.7K −$1.93/SF
EGI
$95.7K $27.83/SF
− OpEx
−$28.7K −$8.35/SF
NOI
$67.0K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,480
Cap Rate 7%
$957,486
Cap Rate 9%
$744,711
Alternative Uses
Best Use
Multifamily LT 5
$957.5K
$837.8K – $1.12M
NOI $67,024 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$843.1K
$737.7K – $983.7K
NOI $59,019 @ 7.0% cap · market cap 6.21%
Theoretical Best
Retail
$1.04M
$909.5K – $1.21M
NOI $72,758 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
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Business Placement
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
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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?
Triplex - Multifamily property with separately metered units and flexible layouts near downtown New Rochelle.
Where is this triplex located?
The property is located at 249 Centre Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Three separate residential units with a one‑bedroom, two‑bedroom, and expanded first‑floor layout; First‑floor unit includes a finished basement with two additional bedrooms; Individual gas and electric meters serve each unit
