MLS#1064713
STATUSActive
PROPERTY TYPECommercial -
SCHOOLNew Rochelle
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.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Partially Finished
Cooling: None
Heating: Natural Gas
Lot Size: 0.11 Acres
Taxes: $36,983
Year Built: 1906
Feature Descriptions
Appliances: Gas Range, Refrigerator
Building Area Total: 6135
Exterior: Frame, Stucco
Fuel Expense: 16007
Heating Units: 1
Heating Zones: 1
Included In Taxes: Sewer, Trash
Maintenance Expense: 1200
Maintenance Expense: 1200
On Market Date: 2026-10-22
Other Expense: 13200
Parcel Number: 1000-000-005-01405-000-0032
Parking Features: Assigned
Rental Term: Monthly
Separate Electric Meters: 9
Separate Gas Meters: 9
Sewer: Public Sewer
Trash Expense: 1200
Units: 9
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: New Rochelle
Listed By / Shown By
Listing By
Agency Name: Century 21 Marciano
Agency Contact: 914-235-4996
Shown By
Agent Name: Satyabrata Mukherjee
Agent Phone:
Agency Title: Coldwell Banker American Homes
Satyabrata Mukherjee
Email: Contact
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107 Lincoln Avenue | MLS# 1064713
This commercial property located at 107 Lincoln Avenue , New Rochelle, NY 10801 is currently listed for sale with an asking price of $1,995,000. Lincoln Avenue is located within the New Rochelle school district. Search New Rochelle real estate on smukherjee.cbamhomes.com today.