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Property summary
This exceptional multifamily investment opportunity presents a 16-unit apartment building located at 214 Fifth Avenue in the desirable Pelham Manor, New York. This four-story, 1980-built brick building boasts a classic design with a double-door entry and marble steps. The property features fourteen residential apartments – nine two-bedroom units and five one-bedroom units – many with wood floors and gas stoves. Two ground-level commercial units are also included, each with its own private… entrance and bathroom, offering high ceilings and significant potential. Currently, there are two vacant apartments available for immediate occupancy. The building benefits from a strong NOI of $215,819 and a compelling 5.76% cap rate, making it an attractive value-add investment. The property sits on a 5,176 square foot lot and is zoned for multiple uses. The building is heated by oil, with an above-ground storage tank in the basement. The extensive basement offers various rooms and areas, including plumbing for multiple washer/dryer hookups, and houses the electrical and gas meter rooms. The property's prime location is an eight-minute walk from the Pelham Train Station, providing convenient access to Grand Central Terminal. It's situated in the heart of Pelham Manor, close to parks, restaurants, shops, and the DeCicco & Sons gourmet market. The potential for adding an elevator should be explored with the Village of Pelham and a qualified architect. This property is being offered for sale in conjunction with a separate parking lot at 231 6th Avenue, Pelham, NY 10803, which is available for an additional purchase price of $1,000,000 and includes approximately 13-14 parking spaces. All information should be independently verified.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Year built
- 1980
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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