5 Vacant Units * Free Market * 11% Cap Rate ! | 210-230 Pelham Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5 Vacant Units * Free Market * 11% Cap Rate ! 210-230 Pelham Rd
5 Unit Block of Flats £842,047 (£168,409/Unit) 10.65% Net Initial Yield New Rochelle, NY 10805
Investment Highlights
- 5 Vacant 1BR Units * Free Market * No Rental Regulation (Rent as you wish to programs etc)
- 11% Cap Rate and 25% Cash-on-Cash Return based on 75% Loan-to-Value (LTV)
- Landlord not responsible for utilities
Executive Summary
NuRealty Advisors Inc. is excited to present an exclusive investment opportunity at 210-230 Pelham Road, New Rochelle, NY 10805. The investment offers:
• Five (5) * Vacant * Free-Market * One-Bedroom Co-op Units in a prestigious luxury complex located on the harbor, boasting breathtaking water and garden views
• Numerous amenities, ensuring maximum rental appeal including but not limited to: Fitness Center, Rooftop Deck, Renovated Common Areas, Working Spaces etc.
• No Board Approval Required: Rent each unit freely without co-op board restrictions
• Units can be sold individually, offering long-term exit strategies
• Based on a Proforma Rental of $2,675.00 per month, the deal offers an 11% Capitalization Rate and a 25% Cash-on-Cash Return!
This is an easy deal to own without the day-to-day headache of a normal property as you are leveraging off of the in-place management for the complex!
See attached Offering Memorandum and contact Team@NuRealtyAdvisors.com for more information.
• Five (5) * Vacant * Free-Market * One-Bedroom Co-op Units in a prestigious luxury complex located on the harbor, boasting breathtaking water and garden views
• Numerous amenities, ensuring maximum rental appeal including but not limited to: Fitness Center, Rooftop Deck, Renovated Common Areas, Working Spaces etc.
• No Board Approval Required: Rent each unit freely without co-op board restrictions
• Units can be sold individually, offering long-term exit strategies
• Based on a Proforma Rental of $2,675.00 per month, the deal offers an 11% Capitalization Rate and a 25% Cash-on-Cash Return!
This is an easy deal to own without the day-to-day headache of a normal property as you are leveraging off of the in-place management for the complex!
See attached Offering Memorandum and contact Team@NuRealtyAdvisors.com for more information.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£125,720
|
£0.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£3,772
|
£0.02
|
| Effective Gross Income |
£121,948
|
£0.55
|
| Taxes |
£11,749
|
£0.05
|
| Operating Expenses |
£20,513
|
£0.09
|
| Total Expenses |
£32,263
|
£0.15
|
| Net Operating Income |
£89,685
|
£0.41
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £125,720 |
| Annual Per SF | £0.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £3,772 |
| Annual Per SF | £0.02 |
| Effective Gross Income | |
|---|---|
| Annual | £121,948 |
| Annual Per SF | £0.55 |
| Taxes | |
|---|---|
| Annual | £11,749 |
| Annual Per SF | £0.05 |
| Operating Expenses | |
|---|---|
| Annual | £20,513 |
| Annual Per SF | £0.09 |
| Total Expenses | |
|---|---|
| Annual | £32,263 |
| Annual Per SF | £0.15 |
| Net Operating Income | |
|---|---|
| Annual | £89,685 |
| Annual Per SF | £0.41 |
Property Facts
| Price | £842,047 | Apartment Style | Mid Rise |
| Price Per Unit | £168,409 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.38 AC |
| Net Initial Yield | 10.65% | Building Size | 3,750 SF |
| Gross Rent Multiplier | 6.7 | Average Occupancy | 0% |
| No. Units | 5 | Number of Floors | 6 |
| Property Type | Residential | Year Built | 1953 |
| Property Subtype | Apartment |
| Price | £842,047 |
| Price Per Unit | £168,409 |
| Sale Type | Investment |
| Net Initial Yield | 10.65% |
| Gross Rent Multiplier | 6.7 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 3.38 AC |
| Building Size | 3,750 SF |
| Average Occupancy | 0% |
| Number of Floors | 6 |
| Year Built | 1953 |
Unit Amenities
- Dishwasher
- Microwave
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 5 | £2,095 | 800 - 850 |
1 of 1
Walk Score ®
Very Walkable (83)
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
5 Vacant Units * Free Market * 11% Cap Rate ! | 210-230 Pelham Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.