Fully Leased Mixed-Use
New
For Sale
$2,850,000
320 Webster Avenue, New Rochelle, NY 10801
One-story masonry building with Neighborhood Business zoning and established tenancy.
Property Size8,105 SF
Lot Size0.21 Acres
Price / SF$351.63
Days on Market7
Property Features for 320 Webster Avenue
General Information
Standard status
Active
Size
8,105 SF
Lot size
0.21 Acres
Property subtype
Mixed Use
Zoning
Neighborhood Business (NB) / C-1
Occupancy
100%
Additional Details
Gross Income
$180,000
Taxes and HOA fees
Annual Taxes
$38,142
Building Details
Building Size
8,105 SF
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
Link NY Realty
(646) 321-9428
Listed By:
Valon Nikci · License #10491202180
Source:
Cottiemaxwellrealestate
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 26 at 7:34AM
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 Link NY Realty
Investment Insights
Based on property information with market context.
This one-story masonry mixed-use property at 320 Webster Avenue includes approximately 8,105 SF of building area and approximately 6,127 SF of gross leasable area. The improvements occupy a 0.21-acre lot measuring 9,147.6 SF, and the property is fully leased. Zoning is designated Neighborhood Business (NB) / C-1, supporting the existing commercial configuration and potential future repositioning within the stated land-use framework.
The property is located in New Rochelle, NY, approximately 0.8 miles from the New Rochelle Metro-North Station and 1.3 miles from the Pelham Metro-North Station. Webster Avenue provides the immediate street setting. WalkScore is 86, BikeScore is 58, and TransitScore is 48, reflecting the property's walkability, bike access, and available transit connections.
The property is located in New Rochelle, NY, approximately 0.8 miles from the New Rochelle Metro-North Station and 1.3 miles from the Pelham Metro-North Station. Webster Avenue provides the immediate street setting. WalkScore is 86, BikeScore is 58, and TransitScore is 48, reflecting the property's walkability, bike access, and available transit connections.
Key Highlights
- Fully leased one‑story masonry mixed‑use property
- Approximately 8,105 SF of building area
- Approximately 6,127 SF of gross leasable area
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
$171,376
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
6.01%
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%
$3,427,520
$3.4M
Cap Rate 7%
$2,448,229
$2.4M
Cap Rate 9%
$1,904,178
$1.9M
Market Conditions
NOI Build-Up for 8,105 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
$282.1K $34.80/SF
− Vacancy
−$37.2K −$4.59/SF
EGI
$244.8K $30.21/SF
− OpEx
−$73.4K −$9.06/SF
NOI
$171.4K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /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%
$3,427,520
Cap Rate 7%
$2,448,229
Cap Rate 9%
$1,904,178
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.86M
NOI $171,376 @ 7.0% cap · market cap 6.01%
Second Best
Mixed Use
$1.68M
$1.47M – $1.96M
NOI $117,472 @ 7.0% cap · market cap 4.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,225
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 18%
Apparel 9%
Citgo
Shops & Services
5,114 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
3,786 visits/mo
0.5 miles
Carvel Ice Cream
Dining
2,824 visits/mo
0.1 miles
M&T Bank
Shops & Services
2,736 visits/mo
0.3 miles
Snipes
Apparel
1,348 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - One-story masonry building with Neighborhood Business zoning and established tenancy.
Where is this mixed-use property located?
The property is located at 320 Webster Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Fully leased one‑story masonry mixed‑use property; Approximately 8,105 SF of building area; Approximately 6,127 SF of gross leasable area
