Renovated Two-Story Office
164 Lafayette Avenue, Suffern, NY 10901
For Sale
$599,000
Seven rooms, a converted finished garage office, separate meters, and on-site parking provide a flexible office configuration.
Property Size1,764 SF
Price / SF$339.57
Days on Market9
Property Features for 164 Lafayette Avenue
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Road Access
Utilities to Site
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Stories
Listing Agency:
eRealty Advisors, Inc
Listed By:
Yitzchok M. Hami
Source:
Erealtyadvisors
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 2:59AM
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 eRealty Advisors, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The renovated office building contains seven rooms arranged across two floors. A converted, finished garage adds a private office with 384 square feet, and the property has two separate meters. The building totals 1,764 square feet and will be delivered vacant.
Located at 164 Lafayette Avenue in Suffern, the property fronts Route 59 and has access from Lafayette Avenue. On-site parking is available.
Located at 164 Lafayette Avenue in Suffern, the property fronts Route 59 and has access from Lafayette Avenue. On-site parking is available.
Key Highlights
- 1,764‑square‑foot office building with seven rooms across two floors
- Converted, finished garage provides a private 384‑square‑foot office
- Two separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,307
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,140
$1.0M
Cap Rate 7%
$718,671
$718.7K
Cap Rate 9%
$558,967
$559.0K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$79.4K $45.00/SF
− Vacancy
−$12.3K −$6.98/SF
EGI
$67.1K $38.03/SF
− OpEx
−$16.8K −$9.51/SF
NOI
$50.3K $28.52/SF
Area
Rockland County, NY
Vacancy
15.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,140
Cap Rate 7%
$718,671
Cap Rate 9%
$558,967
Alternative Uses
Best Use
Office B
$718.7K
$628.8K – $838.5K
NOI $50,307 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,642 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
996
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Rockland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Seven rooms, a converted finished garage office, separate meters, and on-site parking provide a flexible office configuration.
Where is this office building located?
The property is located at 164 Lafayette Avenue Suffern, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,764‑square‑foot office building with seven rooms across two floors; Converted, finished garage provides a private 384‑square‑foot office; Two separate meters
