Renovated Mixed-Use Office and
11 RAMAPO RD Garnerville, NY 10923
For Sale
$849,900
Fully renovated mixed-use building with office space and two updated one-bedroom apartments.
Property Size4,144 SF
Price / SF$205.09
Days on Market371
Property Features for 11 RAMAPO RD
General Information
- Standard status
- Active
- Size
- 4,144 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1955
Listing Agency:
Howard Hanna Rand Realty
(845) 216-3712
Listed By:
Lauren Muller
(845) 216-3712
Source:
Xome
Added: Jul 20, 2025
Changed: Jul 24
Last Checked: Jul 24 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
This fully renovated mixed-use building totals 4,144 square feet and includes a commercial level plus two residential units upstairs. The commercial space is designed with a mix of private and semi-private offices, open flex areas, a reception space, and restrooms, offering multiple configuration options for professional tenants.
Located at 11 Ramapo Rd in Garnerville, NY, the property provides convenient street parking and visibility for day-to-day operations.
Upstairs, the building features two modern one-bedroom apartments that have been completely updated, creating an additional residential income stream alongside the commercial component.
Located at 11 Ramapo Rd in Garnerville, NY, the property provides convenient street parking and visibility for day-to-day operations.
Upstairs, the building features two modern one-bedroom apartments that have been completely updated, creating an additional residential income stream alongside the commercial component.
Key Highlights
- Fully renovated 4,144 SF mixed‑use building with commercial space plus two updated one‑bedroom apartments
- Commercial layout includes a mix of private and semi‑private offices, open flex areas, reception, and restroom
- Two modern one‑bedroom apartments have been completely updated
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.9k | $27.00 |
| − Vacancy | −$7.3k | −$1.76 |
| EGI | $104.6k | $25.25 |
| − OpEx | −$31.4k | −$7.57 |
| NOI | $73.2k | $17.67 |
4,144 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,182 @ 7.0% cap · market cap 13.91%
Second Best
Multifamily LT 5
$1.05M
$915.4K – $1.22M
NOI $73,231 @ 7.0% cap · market cap 8.62%
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $191,795 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
On Target Maintenance
General Contractor
Rose Linsalato Dgn ...
Physician
Thorsen Rolf M
Law Firm
FAQs
What type of property is this?
Mixed-use property - Fully renovated mixed-use building with office space and two updated one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 11 RAMAPO RD Garnerville, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Fully renovated 4,144 SF mixed‑use building with commercial space plus two updated one‑bedroom apartments; Commercial layout includes a mix of private and semi‑private offices, open flex areas, reception, and restroom; Two modern one‑bedroom apartments have been completely updated
