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Building Details

Year Built 1955

Year Renovated 2022

Buildings 1

Stories 3

Listing Agency: Howard Hanna Rand Realty

Listed By: Lauren Muller · License #40mu1150138 Show Phone

Source: Crexi

Added: Jul 24, 2025 Changed: Oct 14 Last Checked: Oct 14 at 8:46PM

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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.

Built in 1955 and renovated throughout, this 4,144-square-foot mixed-use property combines professional office space with two residential apartments. The commercial component includes private and semi-private offices, open flex areas, reception space, and a restroom, creating a varied layout for office occupancy. The upper level contains two updated one-bedroom apartments that add a residential component to the building’s overall configuration.

The property includes 10 on-site parking spaces along with street parking. Its high-traffic setting and visible commercial presence support the building’s mixed-use design, while Mixed Use zoning aligns with the existing combination of office and residential space.

Key Highlights

• 4,144‑square‑foot mixed‑use building renovated throughout
• Commercial area includes private and semi‑private offices, open flex areas, reception, and restroom
• Two updated one‑bedroom apartments on the upper level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,912

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,358,240 $1.4M

Cap Rate 7%

$970,171 $970.2K

Cap Rate 9%

$754,578 $754.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,144 SF

Gross rent

$131.8K $31.80/SF

− Vacancy

−$8.3K −$2.00/SF

EGI

$123.5K $29.80/SF

− OpEx

−$55.6K −$13.41/SF

NOI

$67.9K $16.39/SF

Area

Rockland County, NY

Vacancy

6.30%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,358,240

Cap Rate 7%

$970,171

Cap Rate 9%

$754,578

Alternative Uses

Best Use

Office B

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,182 @ 7.0% cap · market cap 13.91%

Second Best

Apartment 5plus

$970.2K

$848.9K – $1.13M (±1% cap)

NOI $67,912 @ 7.0% cap · market cap 7.99%

Theoretical Best

Specialty Retail

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $191,795 @ 7.0% cap · market cap 22.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

302

Businesses Nearby

Explore this area Business Placement

Demographics for 10923, NY

9,489

Population

2,909

Households

3.3

Avg Household Size

39

Median Age

36%

College-Educated

85%

High-School Grad

2.0 sq mi

ZIP Area

4,745

Density / Sq Mi

$95,769

Median Household Income

$55,947

Median Earnings

$1,827

Median Rent

$459,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed Use zoning accommodates professional office space and two updated residential apartments.

Where is this mixed-use property located?

The property is located at 11 Ramapo Road Haverstraw, 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: 4,144‑square‑foot mixed‑use building renovated throughout; Commercial area includes private and semi‑private offices, open flex areas, reception, and restroom; Two updated one‑bedroom apartments on the upper level