The New Rochelle Portfolio Multi-Family FOR SALE


New Rochelle, NY - Glenwood Lake
$8,040,000 USD
914-227-2067
, New Rochelle, NY for Sale
$8,040,000 USD
Multi-Family - FOR SALE
1/14
null | 6.51% Cap Rate

The New Rochelle Portfolio
New Rochelle, NY
Glenwood Lake


HIGHLIGHTS

  • 48-units, two 100% rent-stabilized multifamily properties.
  • Both properties include up-to-date DHCR documentation and well-maintained records.
  • Historically maintained high occupancy with minimal turnover and is currently 100% occupied.
  • Capital improvements include upgraded mechanicals, new roof, lobby & common areas, etc.
  • Approximately 36 off-street parking spaces, multiple storage units, and on-site laundry.

OVERVIEW

Kafka Realty is pleased to exclusively present a 48-unit multifamily portfolio consisting of two well-located rent-stabilized assets in New Rochelle, NY. The portfolio includes 340 Mayflower Ave, a three-story brick building with 24 residential units and 36 off-street parking spaces, and 347 Huguenot St, a five-story brick building with 24 residential units in the heart of Downtown New Rochelle. The portfolio offers investors exposure to two distinct and complementary New Rochelle locations. 347 Huguenot Street is approximately 0.3 miles from the New Rochelle Metro-North and Amtrak Station, providing direct access to Manhattan, while 340 Mayflower Avenue is situated near the Pelham border, offering a more suburban residential setting with convenient access to nearby retail, dining, and transportation. Both properties benefit from New Rochelle's strong rental market, continued investment and development, and convenient access to I-95, the Hutchinson River Parkway, Metro-North, and Amtrak. The combination of 48 rent-stabilized units, substantial off-street parking, transit accessibility, and desirable Westchester County locations presents a compelling multifamily investment opportunity.

ASK ABOUT THIS PROPERTY

William KiriazidisKafka Realty LLCMore Info
914-227-2067

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William KiriazidisKafka Realty LLCMore Info
914-227-2067

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