New Rochelle Multifamily Investment
For Sale
Contact for pricing
59 Crescent Avenue, New Rochelle, NY 10801
Three-family property in urban New Rochelle near amenities.
Property Size1,744 SF
Price / SF$298.80
Days on Market182
Property Features for 59 Crescent Avenue
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$6,954
Building Details
Building Size
1,744 SF
Year Built
1885
Listing Agency:
REALHome Services & Solutions
Listed By:
Christopher A. Rose · License #10311208824
(855) 882-1314
Source:
Totallywestchester
Added: Apr 10
Changed: Sep 23
Last Checked: Oct 7 at 6:51PM
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 REALHome Services & Solutions
Investment Insights
Based on property information with market context.
This legal three-family property is located in New Rochelle. The pre-war multifamily property offers approximately 1,744 square feet of living space. It is situated in a well-established urban neighborhood with close proximity to transportation, schools, parks, and neighborhood shopping. The area shows strong market activity with increasing values and typical marketing times under three months for competitively priced properties. This property presents an excellent opportunity for investors seeking long-term rental income or value-add potential. The property is being sold as-is. The location has a bike score of 64, indicating it is bikeable. The walk score is 97, designating it as a walker's paradise, and the transit score is 58, indicating good transit options.
Key Highlights
- Walker's Paradise: Enjoy exceptional walkability with a Walk Score of 97.
- Strong Investment Potential: Benefit from increasing property values and quick marketing times.
- Multifamily Property: Ideal for long‑term rental income or value‑add opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,969
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,380
$679.4K
Cap Rate 7%
$485,271
$485.3K
Cap Rate 9%
$377,433
$377.4K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$51.9K $29.76/SF
− Vacancy
−$3.4K −$1.93/SF
EGI
$48.5K $27.83/SF
− OpEx
−$14.6K −$8.35/SF
NOI
$34.0K $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%
$679,380
Cap Rate 7%
$485,271
Cap Rate 9%
$377,433
Alternative Uses
Best Use
Multifamily LT 5
$485.3K
$424.6K – $566.2K
NOI $33,969 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$427.3K
$373.9K – $498.6K
NOI $29,913 @ 7.0% cap · market cap 5.74%
Theoretical Best
Retail
$526.8K
$461.0K – $614.6K
NOI $36,876 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,799
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property in urban New Rochelle near amenities.
Where is this triplex located?
The property is located at 59 Crescent Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $521,100.
What are key features of this property?
This property features: Walker's Paradise: Enjoy exceptional walkability with a Walk Score of 97.; Strong Investment Potential: Benefit from increasing property values and quick marketing times.; Multifamily Property: Ideal for long‑term rental income or value‑add opportunities.
