Mixed-Use Apartment and Retail
15 CHESTNUT ST Suffern, NY 10901
15 CHESTNUT ST, Suffern, NY, 10901
$1,400,000
For Sale
$1,400,000
Mixed-use building with four residential apartments, five retail storefronts, and an eight-space private parking lot.
Property Size7,931 SF
Price / SF$176.52
Days on Market182
Property Features for 15 CHESTNUT ST
General Information
- Standard status
- Active
- Size
- 7,931 SF
- Property subtype
- Mixed Use
Listing agency
Delaney Realty
(845) 357-2141
Listed by
Patricia Delaney
Source
Xome
Added: Jan 21 Updated: Jul 22 at 1:59AM Checked: Jul 22 at 3:49AM
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 mixed-use property includes four residential apartments and five retail storefronts, along with a private parking lot with eight spaces. The residential configuration consists of three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Both gas and electric for the residential units are separately metered, and the residential units are also metered for water. The commercial units are separately metered for gas, electric, and water.
The building is being sold together with 33 Park Ave and 47-55 Lafayette Ave due to the shared private parking lot. The public remarks indicate the property is just steps away from the Train to NYC.
The roof is described as young, and the interior and exterior are described as immaculate.
The building is being sold together with 33 Park Ave and 47-55 Lafayette Ave due to the shared private parking lot. The public remarks indicate the property is just steps away from the Train to NYC.
The roof is described as young, and the interior and exterior are described as immaculate.
Key Highlights
- Mixed‑use building with four residential apartments and five retail storefronts
- Residential unit mix: three 1BD/1BA apartments and one 2BD/1BA apartment
- Private parking lot with 8 spaces
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.6k | $21.00 |
| − Vacancy | −$7.0k | −$0.88 |
| EGI | $159.6k | $20.12 |
| − OpEx | −$47.9k | −$6.04 |
| NOI | $111.7k | $14.08 |
7,931 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.34M
NOI $140,153 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$1.86M
$1.62M – $2.17M
NOI $129,974 @ 7.0% cap · market cap 9.28%
Theoretical Best
Specialty Retail
$5.24M
$4.59M – $6.12M
NOI $367,067 @ 7.0% cap · market cap 26.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
United States Postal ...
Post Office
Irie Delights Bakery
Bakery
Prism Window Cleaning ...
General Contractor
Platinum Management
Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use building with four residential apartments, five retail storefronts, and an eight-space private parking lot.
Where is this quadplex located?
The property is located at 15 CHESTNUT ST Suffern, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Mixed‑use building with four residential apartments and five retail storefronts; Residential unit mix: three 1BD/1BA apartments and one 2BD/1BA apartment; Private parking lot with 8 spaces
