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$ 1,149,000
Est. payment /mo
Active
94 Union AVE New Rochelle, NY 10801
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 980066
Rental Info No
Year Built 1965
Annual Tax Amount $16,476
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Source onekey2
Property 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.
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.
Location
State NY
County Westchester County
Rooms
Basement Unfinished
Interior
Heating Baseboard
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Realmart Realty LLC • Shuai Zheng
NEARBY SCHOOL & BUSINESS
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