Mixed-Use Property with
For Sale
$699,999
Pending
131 Lafayette Ave, Suffern, NY 10901
Commercial space and two apartments occupy a well-maintained, three-level property with flexible PO-15 zoning.
Property Size2,462 SF
Days on Market48
Property Features for 131 Lafayette Ave
General Information
Standard status
Pending
Size
2,462 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
PO-15
Units
Unit Mix
1 x 2BR, 1 x studio
Multifamily Units
2
Additional Details
Cap Rate
4.5%
Taxes and HOA fees
Annual Taxes
$14,622
Building Details
Building Size
2,462 SF
Year Built
1960
Buildings
1
Stories
3
Units
3
Listing Agency:
MS Realty Group USA, Inc
Listed By:
Aaron Gestetner
(917) 588-7425
Source:
Elliman
Added: Aug 21
Changed: Oct 7
Last Checked: Oct 5 at 5:12PM
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 MS Realty Group USA, Inc
Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor commercial area with two residential units above: a two-bedroom apartment on the second floor and a studio on the third. The building was constructed in 1960 and is described as well maintained. A private parking lot provides 8 spaces, an uncommon feature for this property in Suffern.
Located at 131 Lafayette Avenue in Suffern, New York, the property carries PO-15 zoning, which supports a range of permitted uses. It is also being offered within an 8-property assemblage, providing an option for purchasers evaluating a broader portfolio acquisition. The stated current cap rate is 4.5%, with an estimated potential of approximately 7.5%.
Located at 131 Lafayette Avenue in Suffern, New York, the property carries PO-15 zoning, which supports a range of permitted uses. It is also being offered within an 8-property assemblage, providing an option for purchasers evaluating a broader portfolio acquisition. The stated current cap rate is 4.5%, with an estimated potential of approximately 7.5%.
Key Highlights
- First‑floor commercial area with a 2‑bedroom apartment and a studio
- Private 8‑car parking lot
- PO‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,348
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,960
$807.0K
Cap Rate 7%
$576,400
$576.4K
Cap Rate 9%
$448,311
$448.3K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$78.3K $31.80/SF
− Vacancy
−$4.9K −$2.00/SF
EGI
$73.4K $29.80/SF
− OpEx
−$33.0K −$13.41/SF
NOI
$40.3K $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%
$806,960
Cap Rate 7%
$576,400
Cap Rate 9%
$448,311
Alternative Uses
Best Use
Apartment 5plus
$576.4K
$504.4K – $672.5K
NOI $40,348 @ 7.0% cap · market cap 5.76%
Second Best
Mixed Use
$287.9K
$251.9K – $335.8K
NOI $20,150 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,948 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 10901, NY
25,145
Population
9,674
Households
2.6
Avg Household Size
42
Median Age
48%
College-Educated
90%
High-School Grad
23.5 sq mi
ZIP Area
1,070
Density / Sq Mi
$114,651
Median Household Income
$59,561
Median Earnings
$1,746
Median Rent
$490,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and two apartments occupy a well-maintained, three-level property with flexible PO-15 zoning.
Where is this mixed-use property located?
The property is located at 131 Lafayette Ave Suffern, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: First‑floor commercial area with a 2‑bedroom apartment and a studio; Private 8‑car parking lot; PO‑15 zoning
