Second Street Lofts | 2 2nd St
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Second Street Lofts 2 2nd St
12 Unit Apartment Building For Sale Rye, NY 10580
Investment Highlights
- Secure In-Place Cashflow
- Prime Setting—Direct Access to Amenities
- Luxury Residential Construction
Executive Summary
We are pleased to present the opportunity to purchase Second Street Lofts in Rye, New York.
Built in 2017, Second Street Lofts is a 12-unit luxury apartment building with a 3,826 SF ground floor retail tenant (Patisserie Salzberg). The residential portion of the building is comprised of 1-bedroom units that range in size between 777 SF to 1,091 SF. All units feature gourmet kitchens with Bosch appliances and Quartz counter tops, hardwood floors, high ceilings and an abundance of natural light. Residents enjoy private covered parking with elevator access to the apartment units. Second Street Lofts is currently 84.7% leased and has historically experienced high occupancy with consistent rent growth and limited turnover.
Second Street Lofts is conveniently located immediately south of the Rye Metro-North Train Station and steps from downtown Rye’s active Purchase Street. This location provides an enviable shopping experience with a unique mix of casual and fine dining restaurants, boutiques and specialty stores.
In addition to being proximate to countless amenities, Second Street Loft’s location is also highly accessible to the area’s nearby neighborhoods and employment centers. The property is situated just off of Exit 20 of Interstate 95 and 1 mile from Interstate 287, situating it equidistant from downtown White Plains and Greenwich, CT (10 minutes), and is only a 45-minute train ride to Grand Central Terminal.
Built in 2017, Second Street Lofts is a 12-unit luxury apartment building with a 3,826 SF ground floor retail tenant (Patisserie Salzberg). The residential portion of the building is comprised of 1-bedroom units that range in size between 777 SF to 1,091 SF. All units feature gourmet kitchens with Bosch appliances and Quartz counter tops, hardwood floors, high ceilings and an abundance of natural light. Residents enjoy private covered parking with elevator access to the apartment units. Second Street Lofts is currently 84.7% leased and has historically experienced high occupancy with consistent rent growth and limited turnover.
Second Street Lofts is conveniently located immediately south of the Rye Metro-North Train Station and steps from downtown Rye’s active Purchase Street. This location provides an enviable shopping experience with a unique mix of casual and fine dining restaurants, boutiques and specialty stores.
In addition to being proximate to countless amenities, Second Street Loft’s location is also highly accessible to the area’s nearby neighborhoods and employment centers. The property is situated just off of Exit 20 of Interstate 95 and 1 mile from Interstate 287, situating it equidistant from downtown White Plains and Greenwich, CT (10 minutes), and is only a 45-minute train ride to Grand Central Terminal.
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 0.47 AC |
| No. Units | 12 | Building Size | 17,500 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 2017 |
| Building Class | B | Parking Ratio | 0.69/1,000 SF |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 17,500 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 2017 |
| Parking Ratio | 0.69/1,000 SF |
Unit Amenities
- Air Conditioning
- Sprinkler System
- Stainless Steel Appliances
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 777 - 1,091 |
Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 1400-146-007-00001-000-0019 | Improvements Assessment | $69,450 |
| Land Assessment | $18,550 | Total Assessment | $88,000 |
PROPERTY TAXES
Parcel Number
1400-146-007-00001-000-0019
Land Assessment
$18,550
Improvements Assessment
$69,450
Total Assessment
$88,000
zoning
| Zoning Code | B-2 (Central Business District) |
| B-2 (Central Business District) |
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Second Street Lofts | 2 2nd St
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