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American Legion Post # 8

$3,300,000

112 North Ave, New Rochelle, NY 10801

Active
Last Updated: 03/12/2025

8,300 sqft

Building Size

0.6611 acres

Lot Area

Details:
Building Size:    8,300 sqft
Lot Area:    0.6611 acres
Year Built:    1950
Zoning:    DOZ-3
MlsNumber:    h6218011
Floors:    2
Parking Spots:    29
Highlights:
  • Annual Tax: $ 68087.0
  • Average Floor Size: 4200.0
  • Max Contiguous Area: 4200.0
  • Min Divisible Area: 2400.0
  • Water: Municipal Water
  • Lot Description: Level
  • Age: Over 50 Years Old
  • Heating Fuel Type: Gas
  • Lot Size: 1/2 - 1 Acre
  • Heating Type: Radiator
  • Cooling: Window A/C
  • Sewer: City
  • Basement: Full
  • Kitchen Features: Kitchen Facilities
Description:

Opportunity knocks, developers and investors welcome!! 8,300 usable square feet of commercial space split between two levels of this 0.66 acre property. The upper level offers a 2,245 square feet auditorium plus 2057 square feet of office space and conference rooms. The lower level offers a billiard room, plenty of storage, a bar/restaurant, bathrooms and full commercial kitchen. This property also offers a large level lot with 29 parking spaces. This building is on the market for the first time since being built in 1950 and offers many possibilities. Please note that property taxes will revert back once it is sold due to end of special organization status.

Map:
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Today's Available Mortgage Rates

112 North Ave, New Rochelle, New York 10801

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 04/19/2024
Bank*Lender #1459
5 Year Fixed
25 Year Amortization
Interest rate 6.68% 5 Year Fixed
Mo. Payment$11,327 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $1,650,000 Loan Amount
Bank*Lender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.67% 7 Year Fixed
Mo. Payment$11,317 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $1,650,000 Loan Amount
Bank*Lender #1459
10 Year Fixed
25 Year Amortization
Interest rate 6.64% 10 Year Fixed
Mo. Payment$11,286 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $1,650,000 Loan Amount
Largest Commercial Real Estate Lending
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