Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Monsey Home with Private Basement Title is generated by Realmo AI

    17 Union Road #107, Spring Valley, NY 10977

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $560,000

    Affordable 2-bedroom home with a 576 sq ft private basement.

    Type:Condominium
    Property size:
    951 SF
    Price / SF:
    $588/SF
    Added:
    Aug 19, 2025
    Days on Market:
    276
    Last Refresh:
    May 19 at 10:26 pm

    Property Features for 17 Union Road #107

    General Information

    Standard status
    Active
    Size
    951 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Elimelech Hoffman
    Elimelech Hoffman

    Listing agent Elimelech Hoffman License #10401382585

    Listing office Pascack Valley

    Listing date Aug 19, 2025

    Source Kw

    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 Pascack Valley

    HighLights

    • Affordable home ownership opportunity in the heart of Monsey.
    • Expansive 576 sq ft private basement with interior and private exterior access, offering customization potential.
    • Modern kitchen with GRANITE COUNTERTOPS and beautiful backsplash.
    • Two‑bedroom unit with GENEROUSLY SIZED PRIMARY BEDROOM and well‑proportioned second bedroom.
    • In‑unit laundry for added convenience.
    • Professionally landscaped grounds with wide private parking and a shared play area.

    Overview

    Located in Monsey, this residential property offers a 2-bedroom, 1-bathroom ground-level unit within Union Terrace. The property is set on over an acre of professionally landscaped grounds, featuring wide private parking and a shared play area. The unit has a bright, airy layout designed to maximize space and natural light. It includes a spacious dining area and a modern kitchen equipped with granite countertops and a backsplash. The primary bedroom is generously sized, offering ample space and additional storage, while the second bedroom is suitable for family use, guests, or an office. The full bathroom features clean finishes and a modern look. In-unit laundry is included for convenience. A notable feature is the 576 sq ft private basement, accessible from both inside the unit and via a dedicated private exterior entrance, offering flexibility to customize and expand the living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Valley
    County
    Rockland
    State
    New York
    Longitude
    -74.0475
    Latitude
    41.1188

    Nearby Similar for Sale

    • $3,500,000
      4,830 SF

      High-Visibility Office Building

      Office property with high visibility and flexible layout.
      170 Route 59, Spring Valley, NY 10977
      View Details
    • $7,000,000
      15,000 SF

      Main Street Campus Opportunity

      Two-building campus with expansion potential in Spring Valley, NY.
      52 & 56 S Main Street, Spring Valley, NY 10977
      View Details
    • $8,000,000

      24-Unit Multifamily Investment Opportunity

      24-unit multifamily property with income and upside potential in Spring Valley.
      46 Bethune Boulevard, Spring Valley, NY 10977
      View Details
    • $3,500,000
      4,830 SF

      High-Visibility Spring Valley Office Property

      Freestanding 4,830 SF office building in a thriving location.
      170 Route 59, Spring Valley, NY 10977
      View Details
    • $5,200,000

      Multifamily Investment Opportunity

      Income-producing multifamily property with 12 units in Spring Valley.
      11 Bethune Blvd, Spring Valley, NY 10977
      View Details
    • $5,200,000

      Modern Multifamily Building For Sale

      12-unit multifamily building with strong rental income in Spring Valley.
      48 Bethune Boulevard, Spring Valley, NY 10977
      View Details
    • $8,000,000

      24-Unit Multifamily Investment Opportunity

      24-unit multifamily property with income and upside potential.
      46 Bethune Blvd, Spring Valley, NY 10977
      View Details
    • $1,800,000
      1,638 SF

      Spacious Duplex with Development Potential

      Two-unit house with two extra lots for building.
      40 Noyes Avenue, Spring Valley, NY 10977
      View Details
    • $899,000
      1,500 SF

      Monsey Luxury Living Opportunity

      Stunning 3-bedroom flat with modern luxury and private-house feel.
      27 Ellish Parkway #112, Spring Valley, NY 10977,
      View Details

    FAQs

    What type of property is this?
    Apartment building - Affordable 2-bedroom home with a 576 sq ft private basement.
    Where is this apartment building located?
    The property is located at 17 Union Road #107 Spring Valley, NY.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Affordable home ownership opportunity in the heart of Monsey.; Expansive 576 sq ft private basement with interior and private exterior access, offering customization potential.; Modern kitchen with GRANITE COUNTERTOPS and beautiful backsplash.
    (845) 323-2442
    We can help!
    Listing Contact
    Elimelech Hoffman
    Elimelech Hoffman
    Real Estate License ID: 10401382585
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    17 Union Road #107, Spring Valley, NY 10977
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!