Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    37 Horton Avenue, New Rochelle, NY 10801

    View on Map
    Claim this Listing
    For Sale
    $259,900

    Land available in Westchester County.

    Type:Land
    Added:
    Mar 5, 2025
    Days on Market:
    455
    Last Refresh:
    May 31 at 9:17 pm

    Property Features for 37 Horton Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Kurur Rajan
    Kurur Rajan

    Listing agent Kurur Rajan License #10301210675

    Listing office

    Listing date Mar 5, 2025

    Source Evrealestate

    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 Kurur Rajan

    HighLights

    • Location: Westchester County

    Overview

    Located in Westchester County, this land property is available for sale.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7887629
    Latitude
    40.9201625

    Nearby Similar for Sale

    • $1,400,000

      New Rochelle Multi-Family Investment Property

      Three-family investment property near transportation and amenities in New Rochelle.
      14 Horton Avenue, New Rochelle, NY 10801
      View Details
    • $950,000

      Updated Two-Family Home Near Glen Island

      Tastefully updated two-family home near Glen Island Park and Beach.
      28 Spruce Street, New Rochelle, NY 10805
      View Details
    • $1,350,000

      New Rochelle Five-Family Property

      Well-maintained, fully occupied five-family property with garage and parking.
      132 4th Street, New Rochelle, NY 10801
      View Details
    • $799,999

      New Rochelle Legal Two-Family Home

      Well-maintained two-family home in New Rochelle, great for investors.
      64 Ashland Street, New Rochelle, NY 10801
      View Details
    • $399,000

      New Rochelle Multifamily Investment Opportunity

      Multifamily property with renovation potential near amenities and transportation.
      7 6th Street, New Rochelle, NY 10801
      View Details
    • $673,100
      1,744 SF

      New Rochelle Multifamily Investment Opportunity

      Three-family property in urban New Rochelle near amenities.
      59 Crescent Ave, New Rochelle, NY 10801
      View Details
    • $1,350,000
      4,000 SF

      Turnkey Four-Family Corner Lot Property

      Well-maintained, updated four-family property in New Rochelle, move-in ready.
      87 Sickles Ave, New Rochelle, NY 10801
      View Details
    • $1,399,000
      4,842 SF

      Spacious Colonial Two-Family Residence

      Grand 4,842 sq. ft. Colonial in New Rochelle.
      39 Neptune Ave, New Rochelle, NY 10805
      View Details
    • $1,250,000

      Renovated New Rochelle Multifamily Investment

      Six renovated apartments with income potential in New Rochelle.
      6163 Horton Avenue, New Rochelle, NY 10801
      View Details
    • $1,350,000

      New Rochelle Multifamily Investment Opportunity

      Well-maintained five-family property with garage and parking in New Rochelle.
      132 4th St, New Rochelle, NY 10801
      View Details
    • $1,400,000

      New Rochelle Three-Family Investment Property

      Three-family property near amenities and transportation in New Rochelle, NY.
      14 Horton Ave, New Rochelle, NY 10801
      View Details
    • $2,285,714
      1,500 SF

      New Rochelle QSR Opportunity

      Single-tenant QSR property near New York City for sale.
      490 North Ave, New Rochelle, NY
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Westchester County.
    Where is this land located?
    The property is located at 37 Horton Avenue New Rochelle, NY.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Location: Westchester County
    (914) 793-8800
    We can help!
    Listing Contact
    Kurur Rajan
    Kurur Rajan
    Real Estate License ID: 10301210675
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    37 Horton Avenue, New Rochelle, NY 10801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!