Log In/Sign Up
Your email has been sent.
150 Franklin Ave 4 Unit Apartment Building $995,000 ($248,750/Unit) 6.76% Cap Rate New Rochelle, NY 10805
Investment Highlights
- Free-Market
- Desirable Location
- Large Apartments
- Value-Add Potential
- Strong Rental Market & Collections
- New Roof (2023)
Executive Summary
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.
Property Facts Under Contract
| Price | $995,000 | Property Subtype | Apartment |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.76% | Building Size | 4,900 SF |
| Gross Rent Multiplier | 8.27 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Zoning | R-3A | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| Gross Rent Multiplier | 8.27 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R-3A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 1000-000-001-00209-000-0006 | Improvements Assessment | $13,800 |
| Land Assessment | $2,900 | Total Assessment | $16,700 |
Property Taxes
Parcel Number
1000-000-001-00209-000-0006
Land Assessment
$2,900
Improvements Assessment
$13,800
Total Assessment
$16,700
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
150 Franklin Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.