Building Details

Building Size 1,023 SF

Year Built 2025

Listing Agency: Pascack Valley

Listed By: Menachem Jankovits · License #10401361116 Show Phone

Source: Kw

Added: May 13, 2025 Changed: Aug 22 Last Checked: Aug 22 at 8:56AM

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Investment Insights

Based on property information with market context.

Located in Spring Valley, this ground-level unit at 242 Blauvelt Road, Unit 101, offers a comfortable and simple living space. The property features 2 bedrooms and 1 bathroom within a 1,023 sq. ft. layout. The interior includes a bright and airy open floor plan with 9-ft ceilings and quality craftsmanship. The modern kitchen flows into the dining and living areas, suitable for both daily living and entertaining. Both bedrooms are generously sized. The bathroom features clean, modern finishes. A dedicated laundry area and a 262 sq. ft. storage room provide added convenience. The unit is situated in a boutique-style building across from a park and is move-in ready. Local grocery stores, shopping, and major roadways are located nearby.

Key Highlights

• New construction (2025) ground‑level unit boasting over 1,000 sq. ft. of living space.
• Includes a large 262 sq. ft. private storage room.
• Enjoy a modern, open‑concept kitchen and living area with 9‑ft ceilings.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,765

Cap Rate

2.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$335,300 $335.3K

Cap Rate 7%

$239,500 $239.5K

Cap Rate 9%

$186,278 $186.3K

Market Conditions

NOI Build-Up for 1,023 SF

Gross rent

$32.5K $31.80/SF

− Vacancy

−$2.0K −$2.00/SF

EGI

$30.5K $29.80/SF

− OpEx

−$13.7K −$13.41/SF

NOI

$16.8K $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%

$335,300

Cap Rate 7%

$239,500

Cap Rate 9%

$186,278

Alternative Uses

Best Use

Apartment 5plus

$239.5K

$209.6K – $279.4K (±1% cap)

NOI $16,765 @ 7.0% cap · market cap 2.99%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$676.4K

$591.8K – $789.1K (±1% cap)

NOI $47,347 @ 7.0% cap · market cap 8.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Spa & Massage Center Hair Salon Law Firm Nail Salon Restaurant Barber Shop

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

579

Businesses Nearby

Explore this area Business Placement

Demographics for 10952, NY

47,426

Population

11,743

Households

4

Avg Household Size

19

Median Age

26%

College-Educated

85%

High-School Grad

8.9 sq mi

ZIP Area

5,329

Density / Sq Mi

$70,696

Median Household Income

$35,340

Median Earnings

$1,715

Median Rent

$786,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Comfortable 2-bedroom apartment with modern finishes and ample storage.

Where is this apartment building located?

The property is located at 242 Blauvelt Road #101 Monsey, NY.

What is the asking price?

The asking price for this property is $560,000.

What are key features of this property?

This property features: New construction (2025) ground‑level unit boasting over 1,000 sq. ft. of living space.; Includes a large 262 sq. ft. private storage room.; Enjoy a modern, open‑concept kitchen and living area with 9‑ft ceilings.