203-977-3269
2 2nd St, Rye, NY for Sale
Apartments - FOR SALE
1/43
null | Request Cap Rate

2 2nd St
Rye, NY 10580


HIGHLIGHTS

  • Secure In-Place Cashflow
  • Luxury Residential Construction
  • Prime Setting—Direct Access to Amenities

OVERVIEW

We are pleased to present the opportunity to purchase Second Street Lofts in Rye, New York. Built in 2017, Second Street Lofts is a 12-unit luxury apartment building with a 3,826 SF ground floor retail tenant (Patisserie Salzberg). The residential portion of the building is comprised of 1-bedroom units that range in size between 777 SF to 1,091 SF. All units feature gourmet kitchens with Bosch appliances and Quartz counter tops, hardwood floors, high ceilings and an abundance of natural light. Residents enjoy private covered parking with elevator access to the apartment units. Second Street Lofts is currently 84.7% leased and has historically experienced high occupancy with consistent rent growth and limited turnover. Second Street Lofts is conveniently located immediately south of the Rye Metro-North Train Station and steps from downtown Rye’s active Purchase Street. This location provides an enviable shopping experience with a unique mix of casual and fine dining restaurants, boutiques and specialty stores. In addition to being proximate to countless amenities, Second Street Loft’s location is also highly accessible to the area’s nearby neighborhoods and employment centers. The property is situated just off of Exit 20 of Interstate 95 and 1 mile from Interstate 287, situating it equidistant from downtown White Plains and Greenwich, CT (10 minutes), and is only a 45-minute train ride to Grand Central Terminal.

FOR SALE DETAILS

PRICE

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# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Second Street Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

B-2

APN/PARCEL ID

1400-146-007-00001-000-0019

ASK ABOUT THIS PROPERTY

Al MirinCushman & WakefieldMore Info
203-977-3269

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Al MirinCushman & WakefieldMore Info
203-977-3269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.