107 Lincoln AVE, New Rochelle, NY 10801
107 Lincoln AVE, New Rochelle, NY 10801
107 Lincoln AVE, New Rochelle, NY 10801
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$1,995,000
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4,983 Sqft Lot
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107 Lincoln AVE New Rochelle, NY 10801

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

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

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Century 21 Marciano • Pasquale A. Marciano

NEARBY SCHOOL & BUSINESS

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Jonathan Greene

Jonathan Greene

Broker of Record License ID: 1433604

+1(973) 873-0734

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