National Multifamily brokers six-unit Rye multifamily for $2.675 million

Rye, NY Matt Cawley, Michael Hewes, and Olivia Friedberg of National Multifamily sold 99 Theodore Fremd Ave. in an off-market transaction for $2.675 million.

The property is comprised of six two-bedroom free-market units totaling 5,656 rentable s/f in one 3-story building built in 1926. Situated on a 0.31-acre site there were off-street parking spaces for the tenants, four rentable garages, and a laundry facility. Two of the units had decks. The landlord paid for heat and hot water through a central gas boiler and hot water heater.

The property is located outside of downtown and is walking distance to the Rye Metro North Station with access to Grand Central Terminal in Midtown Manhattan in under 45 minutes.

Cawley said “We are pleased to have completed the sale of 99 Theodore Fremd Ave. The transaction was completed entirely off market. With an unbeatable location near downtown Rye and walking distance to the Metro North train station we are excited to see what the buyer has in store for the property as they bring the building into the next era.”