Prime Mixed-Use Property in the Heart of New Rochelle (10801) Just a 5-minute walk to downtown and the train station, this well-located mixed-use building offers strong rental potential and long-term value. Property Features: Ground floor: Approx. 2,800 sq ft restaurant space currently operating as a Cocina Mexicana & Tequila Bar, with seating approved for 84 guests and a 14-seat bar. The spacious layout is also ideal for hosting events. Second floor: Two residential units — one 1-bedroom apartment and one 2-bedroom apartment. Current Lease Details: Restaurant: $3,311/month. Tenants cover 50% of any property tax increase over the 2021 base year. Rent is below market rate due to a $200,000 renovation investment by the restaurant owner in 2021. Lease term runs through 2029. 1-Bedroom Apartment: $1,500/month 2-Bedroom Apartment: $2,050/month Additional Notes: All units have separate utility meters. Tenants are responsible for their own heating and electricity.

Listing courtesy of Realmart Realty LLC nyhouse1983@gmail.com


Based on information submitted to the MLS GRID as of 2025-08-27 05:54 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.