Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    178 Parkside Dr, Unit 178 Suffern, NY 10901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $245,000

    Multifamily property for sale in Suffern, NY.

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Laura L. Walker
    Source: Elliman

    Listing Agent: Laura L. Walker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Suffern Multifamily Property For Sale

    This multifamily property is located at 178 Parkside Dr 178, Suffern, NY 10901. The property is listed for sale at $245,000.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.134126
    Latitude
    41.103343

    Nearby Similar for Sale

    • $899,000
      Pending

      Mixed-Use Property in Suffern, NY

      Multi-family and mixed-use property with apartments and commercial space.
      18-20 E Park Pl, Suffern, NY 10901
      View Details
    • $999,000
      Pending

      Suffern Multifamily Investment Opportunity

      Four-unit multifamily property in Suffern, NY, near amenities.
      22 Park Pl, Suffern, NY 10901
      View Details
    • $899,900
      0.34 Acres

      Suffern Commercial Opportunity Near Hospital

      Commercial opportunity near hospital, close to NJ border.
      233 Route 59, Suffern, NY 10901
      View Details
    • $439,000

      Charming Townhome with Modern Upgrades

      Beautiful 2-bedroom townhome featuring modern kitchen, updated bathrooms, and finished basement.
      18 Somerset Dr, Suffern, NY 10901
      View Details
    • $1,799,999
      2,653 SF

      Route 59 Commercial Property

      Commercial property on Route 59, suitable for office or professional use.
      81 Route 59, Suffern, NY 10901
      View Details
    • $119,900

      Suffern First Floor Co-op

      Bright one-bedroom co-op near downtown Suffern.
      114 Parkside Dr, Suffern, NY 10901
      View Details
    • $135,000

      Move-In Ready Co-op in Suffern

      Well-maintained co-op with amenities, convenient commute to NYC.
      3 Sussex Ct, Suffern, NY 10901
      View Details
    • $155,000

      Renovated 1-Bedroom Unit in Suffern

      Updated 1-bedroom unit with modern features and community amenities.
      13 Lenox Ct, Suffern, NY 10901
      View Details
    • $179,900

      Spacious Co-op Near NY/NJ Border

      Affordable 2-bedroom co-op with convenient parking near NY/NJ border.
      2 Revere Ct, Suffern, NY 10901
      View Details
    • $150,000

      Suffern First Floor Apartment

      Well-maintained Suffern apartment with updated kitchen and hardwood floors.
      29 Bon Aire Cir, Suffern, NY 10901
      View Details
    • $105,000

      Spacious First Floor Coop Unit

      First floor coop near downtown Suffern with many amenities.
      6 Sussex Ct, Suffern, NY 10901
      View Details
    • $125,000

      Spacious Co-op Unit in Suffern

      One-bedroom co-op with terrace, close to amenities and transport.
      5 Oakdale Mnr, Suffern, NY 10901
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property for sale in Suffern, NY.
    Where is this apartment building located?
    The property is located at 178 Parkside Dr, Unit 178 Suffern, NY.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Year Built: 1972
    (201) 880-6078
    Request Owner's contact information
    178 Parkside Dr, Unit 178 Suffern, NY 10901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    178 Parkside Dr, Unit 178
    Suffern, NY 10901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    178 Parkside Dr, Unit 178 Suffern, NY 10901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laura L. Walker
    (201) 880-6078
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.