Turnkey Four-Family Corner Lot
For Sale
$1,313,000
87 Sickles Avenue New, New Rochelle, NY 10801
Well-maintained, updated four-family property in New Rochelle, move-in ready.
Property Size4,000 SF
Price / SF$328.25
Days on Market287
Property Features for 87 Sickles Avenue New
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Quadruplex
Amenities
Separate Meters
Zoned
Baseboard
Electric
Electricity Connected, Natural Gas Connected
Building Details
Year Built
1993
Listing Agency:
Keller Williams Realty Group
Listed By:
Kenneth Moran · License #NY
(914) 438-7529
Source:
Kw
Added: Jan 6
Changed: Oct 19
Last Checked: Oct 19 at 4:53AM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
This well-maintained four-family property, approximately 4,000 square feet, is situated on a corner lot. The building features two two-bedroom, one-bath units and two three-bedroom, one-bath units. All units have been recently updated with modern finishes and are in move-in-ready condition. The layouts are spacious and well-proportioned, with good natural light throughout. A large walk-out basement provides substantial additional space, along with a dedicated laundry room for tenant convenience. The basement access and size offer utility, storage, and operational flexibility. The corner lot positioning enhances curb appeal, light exposure, and access. The property is conveniently located near transportation, shopping, dining, schools, and major roadways. This property is located in New Rochelle and has a bike score of 56, walk score of 78, and transit score of 50.
Key Highlights
- Turnkey, recently updated units: All units are move‑in‑ready with modern finishes.
- Excellent unit mix: Features two 2‑bedroom/1‑bath and two 3‑bedroom/1‑bath units.
- Desirable corner lot location enhances curb appeal, light exposure, and access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,912
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,240
$1.6M
Cap Rate 7%
$1,113,029
$1.1M
Cap Rate 9%
$865,689
$865.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$119.0K $29.76/SF
− Vacancy
−$7.7K −$1.93/SF
EGI
$111.3K $27.83/SF
− OpEx
−$33.4K −$8.35/SF
NOI
$77.9K $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%
$1,558,240
Cap Rate 7%
$1,113,029
Cap Rate 9%
$865,689
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.9K – $1.30M
NOI $77,912 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$980.1K
$857.6K – $1.14M
NOI $68,607 @ 7.0% cap · market cap 5.23%
Theoretical Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,578 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,824
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained, updated four-family property in New Rochelle, move-in ready.
Where is this quadplex located?
The property is located at 87 Sickles Avenue New New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,313,000.
What are key features of this property?
This property features: Turnkey, recently updated units: All units are move‑in‑ready with modern finishes.; Excellent unit mix: Features two 2‑bedroom/1‑bath and two 3‑bedroom/1‑bath units.; Desirable corner lot location enhances curb appeal, light exposure, and access.
