Two-Family Home with Finished
For Sale
$899,000
49 Park Place, New Rochelle, NY 10801
A renovated basement with a full bath adds finished space to this multi-level residential property.
Property Size2,580 SF
Price / SF$348.45
Days on Market20
Property Features for 49 Park Place
General Information
Standard status
Active
Size
2,580 SF
Total Parking Spaces
6
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,979
Amenities
Open Floorplan
Building Details
Building Size
2,580 SF
Year Built
1885
Buildings
1
Stories
3
Units
2
Listing Agency:
Charles Rutenberg Realty, Inc.
(516) 575-7500
Listed By:
Roxana E. Funes
(914) 943-8776
Source:
Gillianstewart
Added: Oct 5
Changed: Oct 23
Last Checked: Oct 23 at 3:44PM
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 Charles Rutenberg Realty, Inc.
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Investment Insights
Based on property information with market context.
This 2,580-square-foot, two-family property in New Rochelle was built in 1885. The first-floor apartment has one bedroom, while the finished basement has a full bath and has been renovated. The second floor includes a kitchen, dining room, living room, two bedrooms, and a bathroom; three additional rooms occupy the third floor.
The property is described as having access to transportation, stores, parks, and Manhattan.
The property is described as having access to transportation, stores, parks, and Manhattan.
Key Highlights
- 2,580‑square‑foot two‑family property
- First‑floor apartment has one bedroom
- Renovated finished basement with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,253
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,060
$1.0M
Cap Rate 7%
$717,900
$717.9K
Cap Rate 9%
$558,367
$558.4K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$76.8K $29.76/SF
− Vacancy
−$5.0K −$1.93/SF
EGI
$71.8K $27.83/SF
− OpEx
−$21.5K −$8.35/SF
NOI
$50.3K $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%
$1,005,060
Cap Rate 7%
$717,900
Cap Rate 9%
$558,367
Alternative Uses
Best Use
Multifamily LT 5
$717.9K
$628.2K – $837.6K
NOI $50,253 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$632.2K
$553.2K – $737.5K
NOI $44,252 @ 7.0% cap · market cap 4.92%
Theoretical Best
Retail
$779.3K
$681.9K – $909.2K
NOI $54,553 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,468
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A renovated basement with a full bath adds finished space to this multi-level residential property.
Where is this duplex located?
The property is located at 49 Park Place 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: 2,580‑square‑foot two‑family property; First‑floor apartment has one bedroom; Renovated finished basement with a full bath
