5-Townhouse Multifamily
For Sale
$3,800,000
35 Trinity Place, New Rochelle, NY 10805
Mid-construction residential project with plans for three-bedroom, two-bathroom homes.
Property Size13,000 SF
Price / SF$292.31
Days on Market63
Property Features for 35 Trinity Place
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$23,169
Building Details
Building Size
13,000 SF
Year Built
1885
Listing Agency:
Link NY Realty
Listed By:
Valon Nikci · License #10491202180
(646) 827-2256
Source:
Hhir
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 27 at 3:46AM
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
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Investment Insights
Based on property information with market context.
This multifamily property at 33–35 Trinity Place is a partially completed development planned for five townhouses. Plans call for approximately 2,600 square feet per residence, with three bedrooms and two bathrooms in each home. The property is being offered as-is in its current construction stage.
The site is near Downtown New Rochelle, shopping, dining, and local amenities. The New Rochelle Transit Center is also nearby, with Metro-North service to Manhattan.
The site is near Downtown New Rochelle, shopping, dining, and local amenities. The New Rochelle Transit Center is also nearby, with Metro-North service to Manhattan.
Key Highlights
- Five‑townhouse project is partially built and offered as‑is
- Plans show approximately 2,600 SF per townhouse
- Each planned residence has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,973
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,459,460
$4.5M
Cap Rate 7%
$3,185,329
$3.2M
Cap Rate 9%
$2,477,478
$2.5M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$429.0K $33.00/SF
− Vacancy
−$23.6K −$1.82/SF
EGI
$405.4K $31.19/SF
− OpEx
−$182.4K −$14.03/SF
NOI
$223.0K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,459,460
Cap Rate 7%
$3,185,329
Cap Rate 9%
$2,477,478
Alternative Uses
Best Use
Apartment 5plus
$3.19M
$2.79M – $3.72M
NOI $222,973 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$3.93M
$3.44M – $4.58M
NOI $274,878 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,630
Businesses Nearby
Explore this area
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?
Multifamily property - Mid-construction residential project with plans for three-bedroom, two-bathroom homes.
Where is this multifamily property located?
The property is located at 35 Trinity Place New Rochelle, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Five‑townhouse project is partially built and offered as‑is; Plans show approximately 2,600 SF per townhouse; Each planned residence has 3 bedrooms and 2 bathrooms
