USANYNew Rochelle94 Union Ave
Community bar area featuring a paneled ceiling, track lighting, and tile patterned flooring | Image 1
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$999,000

94 Union Ave, New Rochelle, NY

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $16,477
Days Active 1
Approx. Age 
MLS® Number 897062

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number897062
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CCentral Air, Wall/Window Unit(s)
Heating Fuel

Extras

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