Spacious Pre-War Apartment
For Sale
$649,000
43 Calton Rd 5C, New Rochelle, NY 10804
Oversized 3-bedroom apartment with pre-war details and modern amenities.
Property Size1,888 SF
Lot Size2.00 Acres
Days on Market265
Property Features for 43 Calton Rd 5C
General Information
Standard status
Active
Size
1,888 SF
Lot size
2.00 Acres
Property subtype
Residential
Building Details
Building Size
1,888 SF
Year Built
1928
Listing Agency:
William Raveis Real Estate
(914) 310-3233
Listed By:
Gezim Nilaj
(914) 310-3233
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 10
Last Checked: Aug 20 at 10:00AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
Located in one of New Rochelle's desirable pre-war elevator buildings, this oversized apartment features 3 bedrooms and 2 bathrooms. The home offers approximately 1,800 sq. ft. of living space with high ceilings, classic pre-war details, inlaid hardwood floors, picture-frame molding, French doors, and abundant natural light. The kitchen includes quartz counters and stainless steel appliances. The building is set on a landscaped 2-acre property and provides a resident superintendent, a new 24/7 laundry room, a fitness room, BBQ/picnic areas, and mature gardens. Indoor and outdoor parking is available with a waitlist. The property is located near schools, shops, transportation, and parks.
Key Highlights
- Spacious 3‑bedroom, 2‑bath home with nearly 1,800 sq. ft.
- Pre‑war building with classic details like high ceilings and inlaid hardwood floors.
- Building amenities include a fitness room, BBQ/picnic areas, and 24/7 laundry room.
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
$32,383
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
4.99%
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%
$647,660
$647.7K
Cap Rate 7%
$462,614
$462.6K
Cap Rate 9%
$359,811
$359.8K
Market Conditions
NOI Build-Up for 1,888 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
$62.3K $33.00/SF
− Vacancy
−$3.4K −$1.82/SF
EGI
$58.9K $31.19/SF
− OpEx
−$26.5K −$14.03/SF
NOI
$32.4K $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 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%
$647,660
Cap Rate 7%
$462,614
Cap Rate 9%
$359,811
Alternative Uses
Best Use
Apartment 5plus
$462.6K
$404.8K – $539.7K
NOI $32,383 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$570.3K
$499.0K – $665.4K
NOI $39,921 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 10804, NY
14,455
Population
5,327
Households
2.7
Avg Household Size
45
Median Age
80%
College-Educated
97%
High-School Grad
4.3 sq mi
ZIP Area
3,362
Density / Sq Mi
$220,089
Median Household Income
$107,563
Median Earnings
$2,114
Median Rent
$894,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Oversized 3-bedroom apartment with pre-war details and modern amenities.
Where is this apartment building located?
The property is located at 43 Calton Rd 5C New Rochelle, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Spacious 3‑bedroom, 2‑bath home with nearly 1,800 sq. ft.; Pre‑war building with classic details like high ceilings and inlaid hardwood floors.; Building amenities include a fitness room, BBQ/picnic areas, and 24/7 laundry room.
