About
this home
this home
Public Sewer
Public Water Source
Cable Connected
Electricity Connected
Natural Gas Connected
Sewer Connected
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: $3,394/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: $2,500/month
Additional Notes:
All units have separate utility meters. Tenants are responsible for their own heating and electricity.
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: $3,394/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: $2,500/month
Additional Notes:
All units have separate utility meters. Tenants are responsible for their own heating and electricity.
Other
Details
Details
Property Type
--
Square Footage
0
Year Built
1965
Floor Number
--
Parking
No
Terrace
No
Listing Courtesy of
Realmart Realty LLC
MLS ID
KEY425009813
Source
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