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Precise Elite Realty LLC
139 Lafayette Avenue, Suffern, NY 10901
- $1,655,000
- List Price
- $1,655,000
- Days on Market
- 11
- MLS#
- 1038797
- Status
- PENDING
- Property Type
- Multi Family
- Style
- Row Dwelling
- Year Built
- 1975
- Property Tax
- $31,660
- Neighborhood
- Suffern
- School District
- Suffern
- High School
- Suffern Senior High School
- Jr. High
- Suffern Middle School
- Elementary School
- Richard P Connor Elementary School
Property Description
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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Additional Information
- Acres
- 0.50
- Parking
- Parking Lot
- Stories
- 2
- Heating
- Hot Air, Natural Gas
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Aaron Gestetner (ag@exitrv.com) from Listing Office: MS Realty Group USA, Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.