131 Lafayette Avenue,Suffern, NY 10901
Suffern, NY 10901
Description
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.
Details
| MLS # | 1038833 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1960 |
| Days On Site | 16 |
| Listing Provided By | MS Realty Group USA, Inc | Aaron Gestetner |
Features
| SQ Feet | 2,462 |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | PO-15 |
| Acreage | 0.19 |
| Property View | Neighborhood |
Interior
| Cooling | Central Air, Varies by Unit, Wall/Window Unit(s) |
|---|---|
| Heating | Forced Air, Natural Gas |
| Appliances | Freezer, Gas Oven, Gas Range, Refrigerator |
Exterior
| Security Features | Other |
|---|---|
| Construction Materials | Brick, Frame, Shingle Siding |
| Foundation Details | Pillar/Post/Pier, Concrete Perimeter |
| Lot Features | Near Public Transit, Near School, Near Shops, Paved |
| Fencing | None |
Parking
| Parking Features | Other, Parking Lot, Shared Driveway |
|---|
Utilities
| Utilities | Trash Collection Private |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Other, Park, Sidewalks |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 41000 |
| Tax Annual Amount | 14622 |
| Tax Lot | 34 |
Area Information
| State | NY |
|---|---|
| County | Rockland County |
| City | Suffern |
| Zip Code | 10901 |
| School District | Suffern Senior High School |
| Elementary School | Richard P Connor Elementary Scho |
| High School | Suffern Senior High School |
| Listing VS Median (in 10901) | |
Price: $699,999 low | high Med: $699,500 sqft: 2,462 low | high Med: 2,148 $ / sqft: $284 low | high Med: $333 On site: 16 low | high Med: 55.5 | |
Market Activity 10901
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Learn More About This Property
| State | NY |
|---|---|
| County | Rockland County |
| City | Suffern |
| Zip Code | 10901 |
| School District | Suffern Senior High School |
| Elementary School | Richard P Connor Elementary Scho |
| High School | Suffern Senior High School |
| Listing VS Median (in 10901) | |
Price: $699,999 low | high Med: $699,500 sqft: 2,462 low | high Med: 2,148 $ / sqft: $284 low | high Med: $333 On site: 16 low | high Med: 55.5 | |
