21 Fountain Place

.Houlihan Lawrence Commercial is proud to present a unique multifamily investment opportunity in the heart of New Rochelle, one of Westchester County’s fastest-growing cities. The property consists of 54 free-market apartments and is currently leased to Westchester County for use as affordable and transitional housing. Under the existing lease, the County is responsible for the upkeep and maintenance of the building. With current rents significantly below market levels, the property presents a compelling opportunity for future upside. Upon the lease’s expiration in January 2029, the owner will have the option to renegotiate terms with the County to increase rental income or return the property to the traditional rental market. Should the lease expire without an extension, the County is obligated to deliver the building in good working order, subject to the terms of the lease. Prime Downtown New Rochelle Location 21 Fountain Place is ideally positioned in the heart of Downtown New Rochelle, an area that has experienced one of the most significant waves of residential development in Westchester County. The property is surrounded by a rapidly expanding residential population, driven by the delivery of thousands of new apartments throughout the downtown area. This influx of modern, amenity-rich residential developments has significantly increased the number of residents living within walking distance of 21 Fountain Place, further strengthening the property’s position within New Rochelle’s thriving downtown residential market.