Share this with your friends
+1914-965-2111
Precise Elite Realty LLC
131 Lafayette Avenue, Suffern, NY 10901
- $699,999
- List Price
- $699,999
- Days on Market
- 23
- MLS#
- 1038833
- Status
- PENDING
- Property Type
- Multi Family
- Style
- Row Dwelling
- Year Built
- 1960
- Property Tax
- $14,622
- 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
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.
/u.realgeeks.media/preciseeliterealty/46359341e84f-Original_Logo.png){kind=logo}
Additional Information
- Acres
- 0.19
- Parking
- Other, Parking Lot, Shared Driveway
- Stories
- 3
- Basement
- None
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air, Varies by Unit, Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
How much is your home worth?
...get instant property value now!
Mortgage Calculator
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.