150 Franklin Ave - Apartments FOR SALE


New Rochelle, NY 10805- Isle Of San Souci
$995,000 USD
203-241-1503
150 Franklin Ave, New Rochelle, NY for Sale
$995,000 USD
Apartments - FOR SALE
1/8
null | 6.76% Cap Rate

150 Franklin Ave
New Rochelle, NY 10805
Isle Of San Souci


HIGHLIGHTS

  • Free-Market
  • Value-Add Potential
  • Desirable Location
  • Strong Rental Market & Collections
  • Large Apartments
  • New Roof (2023)

OVERVIEW

Kafka Realty is pleased to exclusively present the opportunity to acquire a fully occupied multifamily located at 150-152 Franklin Ave in New Rochelle, New York. The subject property is a 2.5-story residential building comprising four free-market apartments, encompassing a total area of approximately 4,900 square feet, and is situated in the desirable Franklin Avenue neighborhood. The property offers convenient access to Manhattan, with a 30-40 minute commute via car and ~0.8 miles from the New Rochelle Metro-North Station.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-3A

APN/PARCEL ID

1000-000-001-00209-000-0006

ASK ABOUT THIS PROPERTY

William KiriazidisKafka Realty LLCMore Info
203-241-1503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

William KiriazidisKafka Realty LLCMore Info
203-241-1503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.