Property
| Ownership: | For Sale |
|---|---|
| Type: | mixed-use |
| Pets: | Pets No |
| Lot Size: | 0.09 Acres |
Financials
Listing Courtesy of Realmart Realty LLC
Prime Mixed Use Property in the Heart of New Rochelle 10801 Just a 5 minute walk to downtown and the train station, this well located mixed use building offers strong ...
- View of commercial location
- Community bar area featuring a paneled ceiling, track lighting, and tile patterned flooring
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- View of dining space
- Dining area view
- Community bar area featuring a paneled ceiling
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- View of property
- View of storage room
- View of asphalt road
- View of front of home with brick siding and a wooden deck
- View of front of property featuring brick siding
- View of side of property featuring an outbuilding
- View of vehicle parking
- View of exterior entry with brick siding
- Exterior view of brick siding
- View of building exterior
- View of property
- View of miscellaneous property collateral
- 20
Description
Prime Mixed-Use Property in the Heart of New Rochelle (10801)
Just a 5-minute walk to downtown and the train station, this well-located mixed-use building offers strong rental potential and long-term value.
Property Features:
Ground floor: Approx. 2,800 sq ft restaurant space currently operating as a Cocina Mexicana & Tequila Bar, with seating approved for 84 guests and a 14-seat bar. The spacious layout is also ideal for hosting events.
Second floor: Two residential units — one 1-bedroom apartment and one 2-bedroom apartment.
Current Lease Details:
Restaurant: $3,311/month. Tenants cover 50% of any property tax increase over the 2021 base year. Rent is below market rate due to a $200,000 renovation investment by the restaurant owner in 2021. Lease term runs through 2029.
1-Bedroom Apartment: $1,500/month
2-Bedroom Apartment: $2,050/month
Additional Notes:
All units have separate utility meters. Tenants are responsible for their own heating and electricity.
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
