Multi Family 2-4 in Rockland County
| MLS Number | 1038833 |
|---|---|
| Address | 131 Lafayette Avenue, Suffern, NY 10901 show map |
| Price | $699,999 show mortgage calculator |
| Acres | 0.18999081726354 |
| Year Built | 1960 |
| 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 | $14,622 |
| Total Apt Units | 3 |
131 Lafayette Avenue – Rare Mixed-Use Investment Opportunity! Well-maintained commercial property featuring a first-floor commercial space plus two apartments—a 2-bedroom on the second floor and a studio on the third. Includes a private 8-car parking lot, a rare feature in Suffern. Current rents are $1,850/month for Unit 1, $1,900/month for Unit 2, and $560/month for Unit 3, while current market rents are estimated at approximately $2,500/month, $2,200/month, and $1,350/month, respectively, offering significant upside potential. Current rents reflect only a 4.5% cap rate, with the potential to increase to approximately 7.5% through market-rate rents. Zoned PO-15, offering valuable flexibility for a variety of permitted uses. Offered as part of an 8-property assemblage at a compelling below-market package price—a unique opportunity for investors and developers.
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