3-Unit Triplex with
New
For Sale
$899,000
35 Charles Street, New Rochelle, NY 10801
Three apartments offer a mix of one-, two-, and three-bedroom layouts, with a basement connected to the first-floor unit.
Property Size2,688 SF
Days on Market4
Property Features for 35 Charles Street
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
1 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,833
Amenities
detached garage
Building Details
Building Size
2,688 SF
Year Built
1885
Buildings
1
Tenancy
Multi
Abandoned
Yes
Listing Agency:
Keller Williams NY Realty
Listed By:
Michael J. Marciano · License #10301207630
(914) 437-6292
Source:
Cottiemaxwellrealestate
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:30AM
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 Keller Williams NY Realty
Investment Insights
Based on property information with market context.
This New Rochelle triplex contains three separate apartments: a three-bedroom residence on the first floor, a two-bedroom unit above it, and a one-bedroom apartment on the third floor. The first-floor apartment connects to a basement. A detached garage provides additional storage, and a long driveway offers off-street parking. The property was built in 1885, and all three apartments are occupied by month-to-month tenants.
The property is 1/2 mile from the New Rochelle Metro-North station, with downtown shops, restaurants, and transportation also nearby.
The property is 1/2 mile from the New Rochelle Metro-North station, with downtown shops, restaurants, and transportation also nearby.
Key Highlights
- Three apartments: one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom unit
- All 3 apartments have month‑to‑month tenants
- First‑floor apartment has access to a large basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,357
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,140
$1.0M
Cap Rate 7%
$747,957
$748.0K
Cap Rate 9%
$581,744
$581.7K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$80.0K $29.76/SF
− Vacancy
−$5.2K −$1.93/SF
EGI
$74.8K $27.83/SF
− OpEx
−$22.4K −$8.35/SF
NOI
$52.4K $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%
$1,047,140
Cap Rate 7%
$747,957
Cap Rate 9%
$581,744
Alternative Uses
Best Use
Multifamily LT 5
$748.0K
$654.5K – $872.6K
NOI $52,357 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$658.6K
$576.3K – $768.4K
NOI $46,104 @ 7.0% cap · market cap 5.13%
Theoretical Best
Retail
$811.9K
$710.5K – $947.3K
NOI $56,836 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,877
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 apartments offer a mix of one-, two-, and three-bedroom layouts, with a basement connected to the first-floor unit.
Where is this triplex located?
The property is located at 35 Charles Street New Rochelle, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three apartments: one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom unit; All 3 apartments have month‑to‑month tenants; First‑floor apartment has access to a large basement
