& 760-762 Main Street | 762 Main St
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& 760-762 Main Street 762 Main St
5,400 SF 100% Leased Retail Building New Rochelle, NY 10805 $1,467,000 ($272/SF) 6.21% Cap Rate
Investment Highlights
- 1-3 Drake Avenue & 760-762 Main Street is a Mixed Use Property on Corner Lot, Situated in High Traffic Area- in Central/Prime location, Heavy Foot Tra
Executive Summary
1-3 Drake Avenue & 760-762 Main Street is a Mixed Use Property on Corner Lot, Situated in High Traffic Area- in Central/Prime location, Heavy Foot Traffic, Commuter/Shopper Friendly. 1-3 Drake Avenue and 760-762 Main Street, are 2 Stand Alone Buildings on a Single Lot/Deed. In total there are 3 commercial spaces that are currently leased and two 1 bedroom residential units, on month to month basis. 762 Main St (stand alone bldg) 100% re-done in 2013 with new legal use and Rubber Roof included. 760 Main had a New electric heat & AC pump unit installed in 2020, Main St. sidewalk redone in 2023, electrical upgrades and several cosmetic improvements. Zoning: NB/M & NB/B. Wonderful Investment or Development Opportunity, Good Income Producing Property, Gross Income $127,500/year, Total Expenses $36,373/year, Net Operating Income $91,127/year. Some rents below market value. SELLER FINANCING AVAILABLE with 35% Minimum down Payment.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,400 SF
Building Class
C
Year Built
1900
Price
$1,467,000
Price Per SF
$272
Cap Rate
6.21%
NOI
$91,127
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.55
Land Acres
0.08 AC
Opportunity Zone
Yes
Zoning
NB/B & NB/M - Commercial
Parking
6 Spaces
Frontage
45 FT on Main Street
Amenities
- Air Conditioning
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1000-000-002-00514-000-0167 | Total Assessment | $15,900 |
| Land Assessment | $13,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,600 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1000-000-002-00514-000-0167
Land Assessment
$13,300
Improvements Assessment
$2,600
Total Assessment
$15,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Carmen Santos - Santos Realty Group, LLC
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& 760-762 Main Street | 762 Main St
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