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For SaleMulti FamilyMLS KEY1027694

528 Main Street

New Rochelle, NY · Westchester County
Listed by
Kafka Realty LLC
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
4,206 SF
Site
0.04 acres
Price / SF
$713
Going-in cap
4.00%
NOI
$135,600
Year built
1900
Zoning
c-2
Stories
3

The offering

This property presents an exceptional opportunity to own in the most distinctive location on Main Street in New Rochelle. 528 MAIN is undoubtedly situated in the epicenter of the business district. Positioned between Division Street and Memorial Highway, it offers a highly trafficked location within the business district.

Surrounded by a surplus of new high-rise luxury residential and commercial real estate, the opportunities are limitless. A commercial storefront at ground level, complemented by four luxurious two-bedroom apartments on the second and third levels, provides an investor with ample pride of ownership.

Building & site

Interest conveyedFee simple
Gross building area4,206 SF
Building typeMulti Family
Property typeMulti Family
Year built1900
Stories3
Land area0.04 acres
Land area, SF1,642 SF
WaterPublic
SewerPublic Sewer
HeatBaseboard, Natural Gas
Tax parcel5510002-414-0027
Number of buildings1
Electric utilityCon-Edison
Distance to train0.3 mi

Zoning & permitted uses

District
c-2

Permitted uses are governed by the New Rochelle zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Income & tenancy

Gross income (as reported)
$135,600
Going-in cap
4.00%

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2025 taxes$13,576
Assessed value$7,900
Land assessment$5,000
Full market value$409,326
Owner of recordGallello, Vito
School districtNew Rochelle
Property class481

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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