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Property summary
This exceptional 22,884 square foot Class C office building, located at 542 Main St, New Rochelle, NY 10801, is offered at $4,200,000 ($183.53/sq ft). The property features a multi-tenant occupancy with a gross lease type. Situated in a vibrant commercial area on Main Street, it benefits from high visibility and accessibility to major transportation routes. The building's versatile space is suitable for various businesses, from retail to offices. Importantly, the DO-2 zoning permits diverse development options, including residential, artist live/work lofts, or hotel conversions. This presents a unique opportunity to capitalize on New Rochelle's thriving business environment and growing population. A potential sale-leaseback opportunity exists. The property offers significant upside potential for investors seeking a prime commercial property in a dynamic location.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Insurance Agency
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Advertising Agency Marketing & Advertising
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Law Firm
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Insurance Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the New Rochelle market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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.
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