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214 5th Ave 16 Unit Apartment Building $3,749,999 ($234,375/Unit) 3.94% Cap Rate Pelham, NY 10803

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INVESTMENT HIGHLIGHTS

  • A Stand Out, 14 Residential Brick Mixed Use Bldg/14 Residential Units & 2 Large Hi Ceiling Commercial Units, /Free Market Rent Bldg.
  • Classic Village Setting/borders NYC, Very quick walk to Pelham Train Station and 2-3 minute walk to Fifth Avenue Supermarket, cafes, shops, offices.
  • Apartments have Hi Ceilings, Large Windows, Hardwood/Wood Floors. Very spacious Basement has washer/dryer plumbing & electricity. 2 separate stairs.
  • FREE MARKET APARTMENT BUILDING WITH 2 COMMERCIAL SPACES.

EXECUTIVE SUMMARY

214 Fifth Avenue, Pelham, NY. UNIQUE/STANDS OUT. BRICK, Classic Architecture & bones & incomparable location. FREE MARKET, 4 Story, 14 Residential (Nine 2 Bdrm & Five 1 Bdrm Apartment Building, hardwood floors + hi ceils + big windows) + Two Spacious/Hi Ceiling Commercial Units/Each own exterior & interior entry. 214 5th Avenue is located in the most vibrant, cultural, beautiful and most convenient area of Village of Pelham/Town of Pelham, Westchester County, Borders NYC! A Few Minutes WALK TO TRAIN STATION. Bus Lines around corner. Walk to renowned gourmet DeCicco's Food Market; walk to shops/stores, cafes/restaurants, medical/dental, offices, salons, park, etc. Street/metered parking + See Online Village Of Pelham Parking for parking lots.
OTHER FEATURES: Building entry lobby long/wide & hi ceilings, mosaic tile floor lobby and landings + marble/limestone staircase to top roof floor.
Basement has washing machine/dryer hooks ups. 14 Gas Meter Room (Apts have gas stoves). 16 Electricity Meter Room. the 14 residential units have gas stoves) Oil Heat & HEAT:OIL, Furnace located in basement. Oil storage tank in basement above ground.
IMPORTANT: Information obtained from ownership is deemed reliable as well as information obtained online/Village of Pelham but always subject to independent verification. Possibility that elevator existed on property at one time, but verify with Village and Town of Pelham. Tax card shows bldg built in 1980. Verify that 214 5th Avenue is Free Market, Call/Contact Village of Pelham, & Westchester County to verify.

PROPERTY FACTS Under Contract

Price $3,749,999
Price Per Unit $234,375
Sale Type Investment
Cap Rate 3.94%
No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 13,912 SF
No. Stories 4
Year Built 1923
Zoning B1 - Mixed Use

AMENITIES

UNIT AMENITIES

  • Cable Ready
  • Heating
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Range
  • Basement

SITE AMENITIES

  • Security System
  • Gas Range
  • On-Site Retail
  • Trash Pickup - Curbside
  • Vintage Building
  • Wi-Fi
  • Storage Space
  • Bicycle Storage
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 - -
2+1 9 - -
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4403-163-036-00002-000-0027
Land Assessment
$167,000
Improvements Assessment
$1,758,000
Total Assessment
$1,925,000
  • Listing ID: 32792617

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 214 5th Ave, Pelham, NY 10803

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