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542 Main St New Rochelle, NY 10801

For Sale
$3,795,000

Prime Location, High NOI, Multi-Tenant

Property size:
22,750 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional four-story, 22,750 square foot office building is situated in the heart of downtown New Rochelle, NY, on Main Street. Built in 1900, this multi-tenant property boasts a flexible layout ideal for various business uses, including executive offices and flex spaces. The building features a striking brick facade with granite accents and a secure environment with security cameras and individual HVAC systems for each floor. The interior includes a terrazzo lobby, a marble entryway on the first floor, and multiple bank vaults. The basement houses essential utilities, including a 2012-installed boiler, a 3,000-gallon oil tank, and fiber optic connections. A spacious, vacant executive office on the fourth floor offers ample natural light from two skylights. The property's prime location on a busy commercial corridor provides high visibility and easy access to amenities, including restaurants, retail, and the Metro-North station. With a 6.79% cap rate and a net operating income (NOI) of $257,679, this presents a compelling investment opportunity with strong potential for long-term value. The asking price is $3,795,000, with a price per square foot of $167. The property is zoned DB and has an APN of 2-413-0019. The 8,450 square foot lot includes a silver-coated rubber roof.

Property Features for 542 Main St

General Information

Property type
Flex space
Square Feet
22,750 SF

Building Details

Year Built
1900
Buildings
1
Stories
4
Units
5

HighLights

  • 542 Main Street boasts a striking brick facade with granite accents and a granite staircase. The secure building features a steel‑and‑glass entry, a large stained‑glass window, and security cameras. Each floor has independent HVAC/AC and baseboard heating.
  • The building features a terrazzo lobby and a marble entryway on the first floor, along with multiple bank vaults.
  • The basement includes individual floor electric meters, a hot water heater, a 2012 boiler, a 3,000‑gallon oil tank (2,700 gallons usable), fiber optic connections, and multiple vaults. Central heating services the entire building.
  • The fourth floor offers a large vacant executive suite with two skylights and a refined setting. The building has a durable silver‑coated rubber roof.
  • 8,450 square foot lot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Cornell Pace Inc Real Estate Agency Corini Insurance Agency Insurance Agency YesData Marketing Agency Corini Law Office Law Firm National Insurance Agency Insurance Agency

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New Rochelle
County
Westchester
State
New York
Longitude
-73.7828809
Latitude
40.9077651

FAQs

What type of property is this?
Flex space - Prime Location, High NOI, Multi-Tenant
Where is this flex space located?
The property is located at 542 Main St New Rochelle, NY.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: 542 Main Street boasts a striking brick facade with granite accents and a granite staircase. The secure building features a steel-and-glass entry, a large stained-glass window, and security cameras. Each floor has independent HVAC/AC and baseboard heating.; The building features a terrazzo lobby and a marble entryway on the first floor, along with multiple bank vaults.; The basement includes individual floor electric meters, a hot water heater, a 2012 boiler, a 3,000-gallon oil tank (2,700 gallons usable), fiber optic connections, and multiple vaults. Central heating services the entire building.
More about this property
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