74 White Oak St New Rochelle, NY 10801
- Parking lots & garages
- 0.19 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 74 White Oak St
- Lot size
- 0.19 lot acres
- Property type
- Parking lots & garages
- APN
- 551000 5-1556-0075
- APU
- 551000515560075
Description
This exceptional investment opportunity presents a 0.19-acre commercial land parcel located at 74 White Oak St, New Rochelle, NY 10801, in Westchester County. Currently operating as a profitable parking lot rental business, the property boasts 28 rentable parking spaces, generating a substantial annual net operating income (NOI) of $40,145. The streamlined operational structure and minimal management requirements contribute to the property's high yield and low operating expenses, making it an attractive proposition for investors seeking stable, high-return assets. The property's zoning is designated for commercial use (further details are available upon request). Its competitive rental rates and desirable location in New Rochelle ensure consistently high occupancy levels, minimizing vacancy risks. This tenant-driven management model reduces the need for extensive daily oversight, offering a hands-off approach to investment management. The property's strong financial performance, coupled with its manageable operating expenses and high occupancy rates, positions it for continued growth and reliable income generation. This is a rare opportunity to acquire a well-established, high-performing commercial property in a thriving New York location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $325,000
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Location Insight
- Map
- Local Demand
- City
- New Rochelle
- County
- Westchester
- State
- New York
- Longitude
- -73.7906
- Latitude
- 40.9267
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
