KAFKA | For Sale | 150-152 Franklin Ave, New Rochelle, NY
Property Details:
Price: $995,000
Type: Multifamily
Units: 4
Building SF (approx.): 4,900 SF
Lot Size: -
Year Built: 1920
Parking: None
Pricing Metrics:
CAP Rate: 6.76%
Price Per Unit (PPU): $248,750
Price Per SF (PPSF): $203
Gross Rent Multiplier (GRM): 8.27x
Property Highlights:
Kafka Realty is proud to exclusively present 150-152 Franklin Avenue, a fully occupied 2.5-story 4-unit multifamily property located in the heart of New Rochelle. This investment opportunity features four large free-market apartments with significant rental upside and value-add potential—ideal for investors seeking long-term growth in a thriving market. Positioned just 0.8 miles from the New Rochelle Metro-North Station, residents enjoy a 35-minute commute to Grand Central Terminal, making this property especially attractive to working professionals and commuters. The building is situated in a high-demand rental market with low vacancy rates, supported by its desirable location and strong local amenities.
