Mixed-Use Building with Four
528 Main Street, New Rochelle, NY 10801
For Sale
$3,000,000
A ground-floor storefront is paired with four two-bedroom residences across the upper floors.
Property Size4,206 SF
Price / SF$713.27
Days on Market110
Property Features for 528 Main Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Kafka Realty LLC
(914) 426-4434
Listed By:
William G. Ragone
(914) 557-4217
Source:
Adamstreetrealty
Added: Jul 23
Changed: Nov 9
Last Checked: Nov 9 at 12:23AM
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 Kafka Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this three-level mixed-use property combines a ground-floor commercial storefront with four two-bedroom apartments on the second and third floors.
The building is at 528 Main Street in New Rochelle, between Division Street and Memorial Highway, within the business district. Nearby development includes high-rise residential and commercial buildings.
The building is at 528 Main Street in New Rochelle, between Division Street and Memorial Highway, within the business district. Nearby development includes high-rise residential and commercial buildings.
Key Highlights
- Ground‑floor commercial storefront
- Four two‑bedroom apartments on the second and third floors
- Located at 528 Main Street between Division Street and Memorial Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,934
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,680
$1.8M
Cap Rate 7%
$1,270,486
$1.3M
Cap Rate 9%
$988,156
$988.2K
Market Conditions
NOI Build-Up for 4,206 SF
Gross rent
$146.4K $34.80/SF
− Vacancy
−$19.3K −$4.59/SF
EGI
$127.0K $30.21/SF
− OpEx
−$38.1K −$9.06/SF
NOI
$88.9K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,680
Cap Rate 7%
$1,270,486
Cap Rate 9%
$988,156
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,934 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$1.03M
$901.8K – $1.20M
NOI $72,140 @ 7.0% cap · market cap 2.40%
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,664 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,851
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
$555,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Westchester County, NY
Properties on Market for Mixed-use properties in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor storefront is paired with four two-bedroom residences across the upper floors.
Where is this mixed-use property located?
The property is located at 528 Main Street New Rochelle, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Ground‑floor commercial storefront; Four two‑bedroom apartments on the second and third floors; Located at 528 Main Street between Division Street and Memorial Highway
