370 North Avenue

Estimated Monthly Payment: $9,457/mo 370 North Avenue, New Rochelle, NY 10801 MLS# 4750649 Commercial Listing Status: Sold
Michael J Marciano, Cbr, Cdpe Keller Williams Realty Michael J Marciano, Cbr, Cdpe Logo 914-437-6292 mobile: 914-804-6098 Download Our Mobile App Contact Me
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REMARKS:

Great Building in middle of New Rochelle's Renaissance! Great income producing property with excellent income upside and unmatched location for value add! Surrounded by $4 Billion in Development and more private investment and development in the works. Current NOI of of $94k and current CAP of 5.6%. Conservatively the potential rental upside is nearly $4k per month with some additional basic changes to residential units. Metro North has been in negotiations to use Amtrak tracks to have a direct stop to Penn Station...this will change the reach of New Rochelle to the millennial tenants. Own a piece of the changing New Rochelle downtown before you are priced out!

OVERVIEW:

Commercial
Sold
6/4/2018
1922
Corner Lot
Central, Window Units
Hot Water
Oil Above Ground
Private

SCHOOLS:

New Rochelle

FINANCIAL:

$1,560,000
$28,116
2017

NEIGHBORHOOD & SCHOOL INFORMATION:

Courtesy of Keller Williams NY Realty

 

 

 

 

 

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