Triplex in Sloatsburg Near
For Sale
$875,000
19 Sheridan Ave, Sloatsburg, NY 10974
Three units, two houses, near Harriman State Park.
Property Size3,677 SF
Lot Size0.18 Acres
Days on Market151
Property Features for 19 Sheridan Ave
General Information
Standard status
Active
Size
3,677 SF
Lot size
0.18 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,954
Building Details
Building Size
3,677 SF
Year Built
1928
Units
3
Listing Agency:
delaney realty
(845) 357-2141
Listed By:
Patricia A Delaney
Source:
Elliman
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 19 at 10:51AM
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 delaney realty
Investment Insights
Based on property information with market context.
This property features two houses with a total of three units. The owner can occupy one unit while collecting rent from the other two. Each unit is separately metered for gas, electric, and water. The houses have new 30-year architectural shingle roofs. Located in Sloatsburg, the property borders Harriman State Park, offering opportunities for hiking, fishing, and biking, with several lakes nearby. It is also located minutes from the train to New York City.
Key Highlights
- Three units (2 houses) for the price of one.
- Income potential: collect rent from two units while owner‑occupied.
- Separate meters for gas, electric, and water for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,978
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,299,560
$1.3M
Cap Rate 7%
$928,257
$928.3K
Cap Rate 9%
$721,978
$722.0K
Market Conditions
NOI Build-Up for 3,677 SF
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.
Gross rent
$99.3K $27.00/SF
− Vacancy
−$6.5K −$1.76/SF
EGI
$92.8K $25.25/SF
− OpEx
−$27.8K −$7.57/SF
NOI
$65.0K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,299,560
Cap Rate 7%
$928,257
Cap Rate 9%
$721,978
Alternative Uses
Best Use
Multifamily LT 5
$928.3K
$812.2K – $1.08M
NOI $64,978 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$860.8K
$753.2K – $1.00M
NOI $60,259 @ 7.0% cap · market cap 6.89%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,181 @ 7.0% cap · market cap 19.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 10974, NY
3,395
Population
1,286
Households
2.6
Avg Household Size
41
Median Age
43%
College-Educated
94%
High-School Grad
7.4 sq mi
ZIP Area
459
Density / Sq Mi
$112,404
Median Household Income
$66,622
Median Earnings
$2,491
Median Rent
$429,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units, two houses, near Harriman State Park.
Where is this triplex located?
The property is located at 19 Sheridan Ave Sloatsburg, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three units (2 houses) for the price of one.; Income potential: collect rent from two units while owner‑occupied.; Separate meters for gas, electric, and water for each unit.
