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147-149 Meadow Ln 6 Unit Apartment Building $3,150,000 ($525,000/Unit) 6.82% Cap Rate New Rochelle, NY 10805
EXECUTIVE SUMMARY
FOUR HUGE SUNNY SPACIOUS (4) x (3) BEDROOM (2) BATHROOM UNITS
TWO (2) HUGE 1,000 SF STUDIOS.
DIRECTLY ACROSS FROM FORMER "COLLEGE OF NEW ROCHELLE" CAMPUS.
Home was originally a four unit, with the top two units being three (3) bedroom two (2) bathroom units and the bottom two units being (3) bedroom two (2) bathroom units with approx. 1,000 SF ground-floor basement playrooms which have since been converted to studios.
While still currently a Legal 4-Plex Operated as a 6-Plex it is currently undergoing variance approvals for legal conformity.
Cash offers only entertained until variance approvals are complete. Once Complete building will be a Legal 6-Plex.
REPRESENTED BY CRONIN CAPITAL REAL ESTATE,LLC
CALL EDWARD W. CRONIN WITH ANY QUESTIONS
*WE SPECIALIZE IN COMMERCIAL LEASING AND INVESTMENT DEAL FLOW!*
CALL US TODAY!!!
(914) 420-3402
TWO (2) HUGE 1,000 SF STUDIOS.
DIRECTLY ACROSS FROM FORMER "COLLEGE OF NEW ROCHELLE" CAMPUS.
Home was originally a four unit, with the top two units being three (3) bedroom two (2) bathroom units and the bottom two units being (3) bedroom two (2) bathroom units with approx. 1,000 SF ground-floor basement playrooms which have since been converted to studios.
While still currently a Legal 4-Plex Operated as a 6-Plex it is currently undergoing variance approvals for legal conformity.
Cash offers only entertained until variance approvals are complete. Once Complete building will be a Legal 6-Plex.
REPRESENTED BY CRONIN CAPITAL REAL ESTATE,LLC
CALL EDWARD W. CRONIN WITH ANY QUESTIONS
*WE SPECIALIZE IN COMMERCIAL LEASING AND INVESTMENT DEAL FLOW!*
CALL US TODAY!!!
(914) 420-3402
PROPERTY FACTS
ABOUT 147-149 MEADOW LN , NEW ROCHELLE, NY 10805
Legal 4-Plex Operated as a 6-Plex. Cash offers only. FOUR HUGE SUNNY SPACIOUS (4) x (3) BEDROOM (2) BATHROOM UNITS TWO (2) HUGE 1,000 SF STUDIOS. DIRECTLY ACROSS FROM FORMER "COLLEGE OF NEW ROCHELLE" CAMPUS. Home was originally a four unit, with the top two units being three (3) bedroom two (2) bathroom units. INPLACE NOI = $156,600 PROJECTED NOI = $202,400 REPRESENTED BY CRONIN CAPITAL REAL ESTATE,LLC CALL EDWARD W. CRONIN WITH ANY QUESTIONS *WE SPECIALIZE IN COMMERCIAL LEASING AND INVESTMENT DEAL FLOW!* CALL US TODAY!!! (914) 420-3402
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 3+2 | 4 | - | - |
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 1000-000-002-00469-000-0056 | Improvements Assessment | $19,450 |
| Land Assessment | $3,950 | Total Assessment | $23,400 |
PROPERTY TAXES
Parcel Number
1000-000-002-00469-000-0056
Land Assessment
$3,950
Improvements Assessment
$19,450
Total Assessment
$23,400
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147-149 Meadow Ln
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