The subject property
is a (6) story elevator apartment building, located on the northerly side of
Clinton Place between North Avenue and Church Street in downtown New Rochelle,
NY. The pre-war brick building has a total of (54) residential apartments plus a
super’s apartment. The break down of the units is: (42) 1-bedroom units, (6)
2-bedroom units, and (6) studio units. There is a (70) car parking lot under a
long term lease to ownership and a single family house on the adjacent lot, both
of which provide additional income. Ownership has built, owned, and managed the
building since the 1940’s. This represents the first sale of the
property.
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Neighborhoods: Westchester County