Building Details

Building Size 2,704 SF

Year Built 2025

Listing Agency: Pascack Valley

Listed By: Menachem Jankovits · License #10401361116 Show Phone

Source: Kw

Added: Jun 11, 2025 Changed: Oct 6 Last Checked: Oct 5 at 4:20PM

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Investment Insights

Based on property information with market context.

Located at 242 Blauvelt Road in Spring Valley, this thoughtfully designed front unit offers nearly 2,700 sq. ft. of living space. The home features five bedrooms and three bathrooms. The layout is airy and light-filled, enhanced by 9-ft ceilings and elegant finishes. The upgraded kitchen flows into a spacious dining room, suitable for entertaining and family gatherings. A dedicated playroom and private porch add to the comfort and functionality. The bedrooms are generously sized, including a primary suite. One bedroom is suited as a guest space, office, or playroom, as it does not have a window. The three modern bathrooms feature clean, tasteful finishes. Additional features include a storage room and convenient access to nearby grocery stores and shopping. The property is located across from a park, offering green space and views.

Key Highlights

• Spacious Layout: Nearly 2,700 sq. ft. with 5 bedrooms and 3 bathrooms.
• Upgraded Kitchen: Flows into a spacious dining room, ideal for entertaining.
• Convenient Location: Close to grocery stores, shopping, and across from a park.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,314

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$886,280 $886.3K

Cap Rate 7%

$633,057 $633.1K

Cap Rate 9%

$492,378 $492.4K

Market Conditions

NOI Build-Up for 2,704 SF

Gross rent

$86.0K $31.80/SF

− Vacancy

−$5.4K −$2.00/SF

EGI

$80.6K $29.80/SF

− OpEx

−$36.3K −$13.41/SF

NOI

$44.3K $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%

$886,280

Cap Rate 7%

$633,057

Cap Rate 9%

$492,378

Alternative Uses

Best Use

Apartment 5plus

$633.1K

$553.9K – $738.6K (±1% cap)

NOI $44,314 @ 7.0% cap · market cap 4.50%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.79M

$1.56M – $2.09M (±1% cap)

NOI $125,148 @ 7.0% cap · market cap 12.71%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Nail Salon Barber Shop Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

579

Businesses Nearby

Explore this area Business Placement

Demographics for 10952, NY

47,426

Population

11,743

Households

4

Avg Household Size

19

Median Age

26%

College-Educated

85%

High-School Grad

8.9 sq mi

ZIP Area

5,329

Density / Sq Mi

$70,696

Median Household Income

$35,340

Median Earnings

$1,715

Median Rent

$786,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Refined 5-bedroom home with modern finishes and convenient location.

Where is this apartment building located?

The property is located at 244 Blauvelt Road #213 Monsey, NY.

What is the asking price?

The asking price for this property is $985,000.

What are key features of this property?

This property features: Spacious Layout: Nearly 2,700 sq. ft. with 5 bedrooms and 3 bathrooms.; Upgraded Kitchen: Flows into a spacious dining room, ideal for entertaining.; Convenient Location: Close to grocery stores, shopping, and across from a park.