Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    294 Un Ave New Rochelle, NY 10801-5912
    Back to Search
    Property profile & analytics

    294 Un Ave, New Rochelle, NY 10801-5912

    View on Map
    • Manufacturing properties
    • 0.13 lot acres
    Off-Market
    Property ID
    US63-3600332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 294 Un Ave

    Lot size
    0.13 lot acres
    Property type
    Manufacturing properties
    APN
    551000 4-1287-0013
    APU
    551000412870013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 8, 2013 $505,000 Anthony Bulfamante Equities Ll 294 Union Ave Realty LLC Grant Deed $250k · Maria Caltabellotta
    Feb 3, 2010 — Armando Tassone Naughton Christine Trust Grant Deed —
    Feb 2, 2010 — 294 Union Ave Realty LLC Tassone,armando & Gelsomina Grant Deed —
    — — Gessle Tassone — Deed Of Trust · related $225k · Hudson Valley Bank
    — — 294 Union Ave Realty LLC — Deed Of Trust · related $250k · Daniel & Annette Carello

    Description

    This exceptional 5,500-square-foot warehouse property in New Rochelle, New York, presents a fantastic leasing opportunity. Located at 294 Union Ave, in Westchester County, this industrial space is ideally suited for a variety of businesses. The building is classified as both a warehouse and a commercial building, offering versatile usage potential. The property features two drive-in bays for convenient loading and unloading, along with ample ceiling height at 15 feet, providing generous vertical storage capacity. While the total building area is 5,500 square feet, the space is currently available in two divisible units, each measuring 2,750 square feet. This allows for flexibility depending on individual business needs, with a maximum contiguous space of 2,750 square feet. The property also includes two parking spaces for added convenience. The entire 5,500 square feet is currently vacant and ready for immediate occupancy. This prime location in New Rochelle, NY, zip code 10801, offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and distribution capabilities. The property's multiple tenancy designation suggests a history of successful occupancy, further highlighting its suitability for a range of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7976
    Latitude
    40.9086
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $4,450
    $11,090
    $15,540
    -
    $229,381
    $571,649
    $801,030

    Comparable in this City

    • Value Estimation
      $600,000
      0.48 Acres

      30 Grv Ave

      MANUFACTURING (LIGHT)
      30 Grv Ave, New Rochelle, NY 10801-6207
      View Details
    • Value Estimation
      $640,000
      0.95 Acres

      35 Riv St

      MANUFACTURING (LIGHT)
      35 Riv St, New Rochelle, NY 10801-4351
      View Details
    • Value Estimation
      $655,000
      1.86 Acres

      425 5th Ave

      MANUFACTURING (LIGHT)
      425 5th Ave, New Rochelle, NY 10801-2203
      View Details
    • Value Estimation
      $540,000
      0.64 Acres

      80 Grv Ave

      MANUFACTURING (LIGHT)
      80 Grv Ave, New Rochelle, NY 10801-6233
      View Details
    • Value Estimation
      $590,000
      0.34 Acres

      13 Riv St

      MANUFACTURING (LIGHT)
      13 Riv St, New Rochelle, NY 10801-4351
      View Details
    • Value Estimation
      $530,000
      0.12 Acres

      11 Beechwood Ave

      MANUFACTURING (LIGHT)
      11 Beechwood Ave, New Rochelle, NY 10801-6818
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      Industrial Property with USDA Manufacturer

      20,908 SF industrial property with showroom and parking.
      30 Grove Ave, New Rochelle, NY 10801
      View Details
    • $1,150,000

      Mixed-Use Property with Warehouse Garage

      Mixed-use property featuring residential units and a commercial warehouse.
      74 4Th St, New Rochelle, NY 10801
      View Details
    • $673,100

      New Rochelle Multifamily Investment Opportunity

      Three-family property in urban New Rochelle near amenities.
      59 Crescent Ave, New Rochelle, NY 10801
      View Details
    • $164,900

      Residential Income Property For Sale

      Residential income property available for purchase.
      50 White Oak St, New Rochelle, NY 10801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,000 SF

      New Rochelle Warehouse Space Available

      16,000 SF warehouse space with loading docks and drive-in doors.
      27 Centre Ave, New Rochelle, NY 10801
      View Details
    • Contact for pricing

      New Rochelle Industrial Facility

      15,500 SF industrial facility with excellent tri-state market access.
      44 Horton Ave, New Rochelle, NY 10801
      View Details
    • $950 /Mo

      New Rochelle Garage/Storage Building

      New 1,000 sq. ft. garage/storage in convenient location.
      245 Main St, New Rochelle, NY 10801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    294 Un Ave
    New Rochelle, NY 10801-5912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    294 Un Ave, New Rochelle, NY, 10801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!