20 Bonnefoy Place
New Rochelle, NY 10805

7 unit brick building in close proximity to blossoming downtown New Rochelle and the Metro North Railroad. This building offer two- 2 bedroom/1 bath apartments and five- 3 bedroom/1 bath units. Long term tenants in all but two units. This building is rent stabilized. It has a natural gas furnace heating the entire building. It also has access to the rear yard perfect for garbage storage. The current rent roll is 171k and expenses are approximately 60k, leaving the investor with a $111k NOI and a 7.4% CAP rate. There is excellent upside potential as it is located in the Downtown Overlay zone which could be a piece of a future high rise development. Call us today, this will not last!