$999,000

94 Union Avenue, New Rochelle, NY 10801

  • 4,600 sqft
  • Property Icon other
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $217/sqft
  • Property List Date Icon Listed 3 days ago

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.

Listing Status:
Active
Listing Office:
Realmart Realty LLC : 888-362-6543
MLS ID:
897062
  • Basement: Unfinished
  • A/C: Central AirWall/Window Unit(s)
  • Heating: Baseboard

This listing courtesy of Realmart Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Columbus Elementary School

275 Washington Ave, New Rochelle, NY, 10801

Grades KG-5

0.50 miles away

I

Issac E. Young Middle School

270 Centre Ave, New Rochelle, NY, 10805

Grades 6-8

0.75 miles away

N

New Rochelle High School

265 Clove Rd, New Rochelle, NY, 10801

Grades 9-12

1.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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