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51 Horton Avenue, New Rochelle, NY 10801-3370

$1,089,000
  • Listing type: For Sale
  • Property type: Commercial Property, Multi-Family

Property Description

Property Type:
Multi-Family

Location:
New Rochelle

Property Address:
51 Horton Avenue, New Rochelle, NY 10801-3370

Description:
4 Units (Two 3BRs and Two Retail Stores)

Construction Type:
Masonry

Net Operating Income (NOI):
$89,438.08

Asking Price:

$1,089,000.00

Return on Investment:

  • Capitalization Rate: 8.21%
  • Cash-On-Cash Return (utilizing 30% Equity):  14.29%
  • Gross Rent Multiple:  9.23
  • Recovery of 30% Equity:  7 Years
  • Operating Expenditure Ratio (OER):  28%
  • Debt Service Coverage Ratio (DSCR):  2.09

Status:
Available

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Lukasz Przbylek

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