6
See all 6 photos
$1,995,000
Est. payment /mo
4,983 Sqft Lot
New
107 Lincoln AVE New Rochelle, NY 10801
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1064713
Rental Info No
Year Built 1906
Annual Tax Amount $36,983
Lot Size 4,983 Sqft
Acres 0.1144
Property Sub-Type Multi Family
Source onekey2
Property Description
9 Unit Brick and Stucco building in the heart of New Rochelle. This building offers eight, 4-room apartments and one, two-bedroom apartment. This is a rent stabilized building and you are bound by the increases by New York State for Westchester County. This year's increase is 3.5% for a one-year lease and 4.5% for a two-year lease. NOI $139,000 per year. 6.6% CAP Rate. Expenses include Gas Heating (This is a dual fuel system which can be converted back to oil), Electricity for hallway and basement apartment (Can be separated), water, insurance, taxes, garbage and hallway maintenance as well as and property management fee. One unit intentionally vacant for easy access during the showing process but will be rented once contracts are signed for approximately $1,950 per month already included in the total rent. There are four to five parking spaces in the rear of the building, 4 are currently rented. There is also a driveway access with the owner of the garage on the left. The right 3 feet of the driveway from the street belongs to this building.
Location
State NY
County Westchester County
Rooms
Basement Partially Finished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Range, Refrigerator
Exterior
Parking Features Assigned
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Stucco
Schools
High Schools New Rochelle
School District New Rochelle
Others
Special Listing Condition None
Listed by Century 21 Marciano • Pasquale A. Marciano
NEARBY SCHOOL & BUSINESS