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/month2-Bedroom Apartment: $2,500/month Additional Notes:All units have separate utility meters. Tenants are responsible for their own heating and electricity.
| MLS # | 1002084 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 103 |
| Listing Provided By | Realmart Realty LLC | Shuai Zheng |
| SQ Feet | 4,600 |
|---|---|
| Basement | Y |
| Units | 3 |
| Acreage | 0.09 |
| Cooling | Central Air, Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Interior Features | Built-in Features |
| Construction Materials | Brick |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 11000 |
| Tax Annual Amount | 16476.91 |
| State | NY |
|---|---|
| County | Westchester County |
| City | New Rochelle |
| Zip Code | 10801 |
| School District | New Rochelle High School |
| Elementary School | Columbus |
| High School | New Rochelle High School |
| Listing VS Median (in 10801) | |
Price: $1,149,000 low | high Med: $512,000 sqft: 4,600 low | high Med: 1,175 $ / sqft: $250 low | high Med: $452 On site: 103 low | high Med: 67 | |
| State | NY |
|---|---|
| County | Westchester County |
| City | New Rochelle |
| Zip Code | 10801 |
| School District | New Rochelle High School |
| Elementary School | Columbus |
| High School | New Rochelle High School |
| Listing VS Median (in 10801) | |
Price: $1,149,000 low | high Med: $512,000 sqft: 4,600 low | high Med: 1,175 $ / sqft: $250 low | high Med: $452 On site: 103 low | high Med: 67 | |
![]() | $1,149,00094 Union AvenueNew Rochelle, NY 10801 |