Multi Family 2-4 in Rockland County
| MLS Number | 1038797 |
|---|---|
| Address | 139 Lafayette Avenue, Suffern, NY 10901 show map |
| Price | $1,655,000 show mortgage calculator |
| Acres | 0.5 |
| Year Built | 1975 |
| Est. Sq. Footage | 0 |
| Elementary School | Richard P Connor Elementary School |
| Jr High-Middle School | Suffern Middle School |
| High School | Suffern Senior High School |
| Estimated Taxes | $31,660 |
| Total Apt Units | 4 |
Rare 8-property assemblage offered at a compelling below-market package price. The assemblage includes 2R-5 properties and PO-15 zoning, which allows by-right uses, including residential uses, places of worship, private schools, colleges, seminaries, dormitories, and qualifying office uses. Additional commercial uses may be available subject to applicable requirements and approvals. Current rents are $4,500/month for Unit 1, $3,350/month for Unit 2, $5,200/month for Unit 3, and $1,250/month for Unit 4. Current market rents are estimated at approximately $8,500/month for Unit 1, $3,350/month for Unit 2, $5,200/month for Unit 3, and $2,200/month for Unit 4, offering significant upside potential, particularly through the under-market rents on Units 1 and 4. The zoning flexibility adds significant value, while the primary opportunity is the exceptional package pricing.
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