$1,900,000
PENDING $500K PRICE DROP

238 Purchase St Rye, NY 10580

Estimated payment $11,953/month

Total Views 13,863
6 Beds
23 Baths
3,307 Sq Ft
$575 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Neighborhood Views
  • Rye Middle School Rated A+
  • Corner Lot
  • 2 Car Attached Garage

About This Home

This legal side-by-side three-family property, with an attached two-car garage, driveway parking and backyard/patio space, is located on a corner lot near downtown Rye, shopping, Metro North, and schools. Left side: 2 bed, 1.5 bath duplex. Right side: 3 bed, 1.5 bath unit and a 1 bed, 1 bath unit with access to finished attic space. Access to patio and backyard space and garage/parking. Current tenants are month to month and below fair market rate. This property represents an ideal redevelopment opportunity, with potential for a possible increase in the gross annual rental income.

Listing Agent

Lucille Venia

William Raveis-New York LLC Brokerage Phone: 914-967-1333 License #40VE1147778 Listed on: 02/16/2025

William Raveis-New York LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,507

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot
  • Back and Front Yard

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Triplex
  • Colonial Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 23 Full Bathrooms

Unfinished Basement

  • Laundry in Basement
  • Basement Storage

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Midland Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Neighborhood Views
  • Eat-In Kitchen
  • Washer and Dryer Hookup
  • Patio

Listing and Financial Details

  • Legal Lot and Block 20 / 3
  • Assessor Parcel Number 1400-139-019-00003-000-002

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,507

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Triplex
  • Property Condition: Actual
  • Year Built: 1920
  • Year Built Effective: 1920
  • Attribution Contact: 914-967-1333
  • Carport Y N: No
  • CurrentPrice: 1900000.00
  • MlsMajorChangeType: Pending
  • ListPrice_By_OriginalListPrice: 0.79167
  • ListPrice_By_LotSizeAcres: 10000000.0000
  • CurrentPrice_By_BuildingAreaTotal: 574.53886
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1920

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Full Bathrooms: 23
  • Basement: Storage Space, Unfinished
  • Total Bedrooms: 6
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

  • Other Structures: Garage(s)
  • Construction Materials: Frame
  • Fencing: Chain Link, Partial
  • Pool Private: No
  • Spa: No
  • View: Neighborhood
  • Patio and Porch Features: Patio
  • Waterfront: No
  • Foundation Details: Other

Garage/Parking

  • Total Parking Spaces: 4
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Attached, Driveway

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Separate Meters
  • Laundry Features: Gas Dryer Hookup, In Basement, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: .19
  • Lot Size Sq Ft: 8276
  • Lot Features: Back Yard, Corner Lot, Front Yard, Near Public Transit, Near School, Near Shops
  • Parcel Number: 1400-139-019-00003-000-002
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity, Gas, Heat

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 23507
  • Tax Block: 3
  • Tax Lot: 20
  • Tax Year: 2025

MLS Schools

  • Elementary School: Midland
  • High School: Rye High School
  • Middle School District: Rye City

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2025 06/04/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $1,900,000 0.0% $575 / Sq Ft
06/02/2025 06/02/25 Off Market $1,900,000 -- --
05/15/2025 05/15/25 Price Changed $1,900,000 -9.5% $575 / Sq Ft
03/10/2025 03/10/25 Price Changed $2,100,000 -12.5% $635 / Sq Ft
02/21/2025 02/21/25 For Sale $2,400,000 -- $726 / Sq Ft
Source: OneKey® MLS

Source: OneKey® MLS

MLS Number: 822523

OneKey® MLS