The Rockwell & The Illustrator New Rochelle, NY

As exclusive agent, Cushman & Wakefield is pleased to offer The Rockwell and The Illustrator for sale.

Developed with luxurious living in mind, these two best-in-class properties combine to total 189 rental apartments and +/- 27,000square feet of commercial space in New Rochelle, New York. Further details on each property below:

• The Rockwell, built 2021, totals 114 units (103 market & 11 affordable) with four retail spaces, fully-leased, totaling 21,504 SF. The building boasts an attractive unit mix containing 4 studio units, 15 junior one-bedroom units, 59 one-bedroom units, 28 two-bedroom units, and 8 three-bedroom units. The community, along with luxury unit and common area finishes, offers residents a top-tier amenity package including a state-of-the-art gym, rooftop deck with grilling stations, dog park, club room, outdoor patio and covered parking. The Property benefits from a 20-year Tax PILOT.

• The Illustrator, built 2023, totals 75 units (67 Market and 8 Affordable) with retail space, totaling 5,980 SF. The building boasts an attractive unit mix containing 2 studio units, 14 junior one-bedroom units, 40 one-bedroom units, and 19 two-bedroom units. The community, along with luxury unit and common area finishes, offers residents a top-tier amenity package including a state-of-the-art gym, rooftop deck with grilling stations, event space, outdoor patio, and covered parking. The property benefits from a 20 Year Residential and 10 Year Commercial Tax PILOT.

The Rockwell and The Illustrator are ideally positioned to cater to young professionals and commuters who are looking to live in a high-quality apartment community at a significant discount to the high-priced NYC market, while still having direct access to its employment drivers and cultural amenities.

The two properties can be purchased as a portfolio or on an individual basis.  

Investment Highlights