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Property profile & analytics
OFF-MARKET
Banks
542 Main St, New Rochelle, NY 10801-7269
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US63-3905734
Property summary
AI-generated overview
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
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Lot
0.19 ac (8,276 SF)
APN
551000 2-413-0019
UPID
US63-3905734
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cornell Pace Inc Real Estate Agency
-
Corini Insurance Agency Insurance Agency
-
YesData Advertising Agency Marketing & Advertising
-
Corini Law Office Law Firm
-
National Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
542 Main Street LLC
542 Main Street LLC
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Rochelle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Rochelle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$48,800
Assessed 2023
Previous assessed
$48,800
+0.0% YoY
Assessed land
$39,050
Assessed improvement
$9,750
Land market value
$2,012,887
Improvement market value
$502,577
Total market value
$2,515,464
Applied tax rate
551,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.19 ac (8,276 SF)
APN
551000 2-413-0019
UPID
US63-3905734
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
542 Main Street LLC
Entity
Mailing address
542 MAIN ST, NEW ROCHELLE, NY 10801-7269
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
542 Main Street LLC
—
Deed Of Trust
related
$109,514 · Signature Bk
—
—
542 Main Street LLC
—
Loan Modification
related
$1,150,000 · Signature Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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