3-Unit
New
For Sale
$899,999
Pending
26 4th St, New Rochelle, NY 10801
Three two-bedroom apartments are complemented by garage and covered parking or storage.
Property Size2,908 SF
Days on Market2
Property Features for 26 4th St
General Information
Standard status
Pending
Size
2,908 SF
Total Parking Spaces
4
Property subtype
Investment
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,268
Building Details
Building Size
2,908 SF
Year Built
1900
Units
3
Listed By:
Miriam Morrow
(914) 595-2128
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 3:42PM
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 Miriam Morrow
Investment Insights
Based on property information with market context.
Built in 1900, this New Rochelle triplex contains three two-bedroom apartments. The property also has two full-size garages and two covered spaces that can be used for parking or storage.
The property is at 26 4th St in New Rochelle’s West End. Its Walk Score is 86, Bike Score is 58, and Transit Score is 48.
The property is at 26 4th St in New Rochelle’s West End. Its Walk Score is 86, Bike Score is 58, and Transit Score is 48.
Key Highlights
- Three apartments, each with two bedrooms
- Two full‑size garages plus two covered parking or storage spaces
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,642
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,132,840
$1.1M
Cap Rate 7%
$809,171
$809.2K
Cap Rate 9%
$629,356
$629.4K
Market Conditions
NOI Build-Up for 2,908 SF
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.
Gross rent
$86.5K $29.76/SF
− Vacancy
−$5.6K −$1.93/SF
EGI
$80.9K $27.83/SF
− OpEx
−$24.3K −$8.35/SF
NOI
$56.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,132,840
Cap Rate 7%
$809,171
Cap Rate 9%
$629,356
Alternative Uses
Best Use
Multifamily LT 5
$809.2K
$708.0K – $944.0K
NOI $56,642 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$712.5K
$623.5K – $831.3K
NOI $49,877 @ 7.0% cap · market cap 5.54%
Theoretical Best
Retail
$878.4K
$768.6K – $1.02M
NOI $61,488 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,021
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments are complemented by garage and covered parking or storage.
Where is this triplex located?
The property is located at 26 4th St New Rochelle, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Three apartments, each with two bedrooms; Two full‑size garages plus two covered parking or storage spaces; Built in 1900
