17 5th Ave Pelham, NY
Asking Price17 Fifth Avenue presents a rare opportunity to acquire a 73-unit, free-market multifamily asset in the heart of Pelham, New York— offered for sale for the first time in over 40 years.
The property is 100% free-market, entirely exempt from rent stabilization and ETPA. Current in-place rents represent a meaningful discount to achievable market rents, providing the next owner with a clear and near-term path to significant income growth through natural turnover and lease renewals.
The asset has been professionally managed by a third-party management company and is well-maintained, with over $400,000 in apartment renovations completed within the last three years. A live-in superintendent and on-site porter provide day-to-day operational continuity.
About the Area
This classic Tudor-style elevatored building is ideally positioned in Pelham’s prime village location, steps from the Metro-North train station offering approximately 30-minute service to Grand Central Terminal, making it a perennially attractive address for commuter tenants.
Interested in this property?
Inquire within for a full offering memorandum.
