302 Union Avenue

Estimated Monthly Payment: $6,419/mo 302 Union Avenue, New Rochelle, NY 10801 MLS# 4831854 Commercial Listing Status: Contract
5,064 sqft
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
145
109
0
10

REMARKS:

Own a piece of New Rochelle while it's still affordable... over $4 Billion in development with 1mile of this property. Great Investment Property producing 6.5% Cap Rate at current numbers with ability to increase to 8+% Cap. Rents are below market and present a great opportunity for value add property. Building will require some updates to achieve higher rents but totally justified by the increase in value and cash flow potential. A little over .5 miles of the Pelham Metro North Station! Includes 5 residential units and 1 office/storefront. No leases exist. Building also offers large side lot for potential additional parking as well as a 2 car garage. Please do not walk property unattended or with out an appointment.

OVERVIEW:

Commercial
Contract
1907
5064
Level
2 Car Detached
None
Hot Water
Natural Gas
Private

FINANCIAL:

$1,050,000
$19,565
2017

NEIGHBORHOOD & SCHOOL INFORMATION:

Courtesy of Keller Williams NY Realty

 

 

 

 

 

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