Condominium in Desirable
For Sale
$299,999
Pending
203 Kennedy Dr 203, Spring Valley, NY 10977
Well-maintained 2-bedroom, 2-bathroom condominium with outside space.
Property Size1,039 SF
Lot Size0.01 Acres
Days on Market330
Property Features for 203 Kennedy Dr 203
General Information
Standard status
Pending
Size
1,039 SF
Lot size
0.01 Acres
Property subtype
Residential
Building Details
Building Size
1,039 SF
Year Built
1983
Listing Agency:
Vasquez Realty
Listed By:
Jorge L. Vasquez
(201) 283-8208
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 13
Last Checked: Oct 23 at 8:06AM
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 Vasquez Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium, located in a desirable neighborhood, offers an opportunity for purchase. The property features 2 bedrooms and 2 bathrooms. It is located within a well-maintained condominium complex and includes outside space. With some improvements, this condominium could be transformed.
Key Highlights
- Opportunity to purchase in a desirable neighborhood.
- Well‑maintained condominium.
- Enjoy a 2 bedroom, 2 bathroom layout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,027
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,540
$340.5K
Cap Rate 7%
$243,243
$243.2K
Cap Rate 9%
$189,189
$189.2K
Market Conditions
NOI Build-Up for 1,039 SF
Gross rent
$33.0K $31.80/SF
− Vacancy
−$2.1K −$2.00/SF
EGI
$31.0K $29.80/SF
− OpEx
−$13.9K −$13.41/SF
NOI
$17.0K $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%
$340,540
Cap Rate 7%
$243,243
Cap Rate 9%
$189,189
Alternative Uses
Best Use
Apartment 5plus
$243.2K
$212.8K – $283.8K
NOI $17,027 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$687.0K
$601.1K – $801.5K
NOI $48,088 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
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Business Placement
Demographics for 10977, NY
71,049
Population
17,339
Households
4.1
Avg Household Size
24
Median Age
23%
College-Educated
77%
High-School Grad
11.3 sq mi
ZIP Area
6,288
Density / Sq Mi
$77,724
Median Household Income
$33,129
Median Earnings
$1,711
Median Rent
$602,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 2-bedroom, 2-bathroom condominium with outside space.
Where is this apartment building located?
The property is located at 203 Kennedy Dr 203 Spring Valley, NY.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Opportunity to purchase in a desirable neighborhood.; Well‑maintained condominium.; Enjoy a 2 bedroom, 2 bathroom layout.
