This exceptional 12,587 square foot land parcel in New Rochelle, New York, presents a remarkable opportunity for a mixed-use development. Located at 545 North Avenue, this property is zoned for a wide array of commercial and residential uses, offering significant flexibility for developers. The permitted zoning, Residential, Commercial - NA/DO6, allows for a diverse range of businesses and residential units. Specifically, permitted uses include dwelling units (second floor and above), various types of offices, retail stores and shops, manufacturing (with limitations on employees and floor space), retail laundries and dry cleaners, banks, restaurants (with some restrictions), dance studios, fitness studios, community buildings, houses of worship, schools, and more. Accessory uses, such as off-street parking and certain types of medical facilities, are also permitted. Special permits may allow for additional uses, including day-care centers and wireless telecommunications facilities. The property's size and zoning make it ideal for a six-story building, combining commercial space on the lower floors with residential units above. This prime location in Westchester County, with its zip code 10801, offers excellent access to transportation, amenities, and a thriving community. The asking price for this exceptional development opportunity is $2,800,000. Detailed zoning regulations are available upon request. This is a rare chance to create a significant and impactful development in a desirable New York location.
Property Features for 545 North Ave
General Information
Property type
Land
HighLights
Residential units (second floor and above).
Office spaces (business, professional, or governmental).
Retail stores and shops offering sales or personal services.
Manufacturing for on‑site retail sale (max 5 employees, 30% floor area).
The property is located at 545 North Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Residential units (second floor and above).; Office spaces (business, professional, or governmental).; Retail stores and shops offering sales or personal services.
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545 North Ave New Rochelle, NY 10801
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
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Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
545 North Ave New Rochelle, NY 10801
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545 North Ave, New Rochelle, NY
Lawrence Talt
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545 North Ave, New Rochelle, NY
Lawrence Talt
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545 North Ave, New Rochelle, NY
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545 North Ave, New Rochelle, NY
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545 North Ave, New Rochelle, NY
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545 North Ave, New Rochelle, NY
Lawrence Talt
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