2-Unit Duplex with Finished
29 Fairview Avenue, Spring Valley, NY 10977
For Sale
$819,000
Separate entrances serve a four-bedroom residence and a one-bedroom unit.
Property Size2,008 SF
Price / SF$407.87
Days on Market168
Property Features for 29 Fairview Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Entrance Foyer
Primary Bathroom
Washer/Dryer Hookup
Building Details
Building Size
Year Built
Units
Listing Agency:
Blu Wave Ventures
(201) 380-1700
Listed By:
Usher Klein
(845) 222-5901
Source:
Clairedleone
Added: May 26
Changed: Nov 7
Last Checked: Nov 8 at 4:58PM
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 Blu Wave Ventures
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.
This two-family property at 29 Fairview Avenue in Spring Valley contains 2,008 square feet and was built in 1951. The first residence has four bedrooms and access to a finished walk-out basement with additional rooms and a bathroom; it is not leased. The second unit has one bedroom and a private entrance.
The property includes parking and is close to shopping, schools, public transportation, parks, and major roadways.
The property includes parking and is close to shopping, schools, public transportation, parks, and major roadways.
Key Highlights
- 2,008‑square‑foot, two‑family property built in 1951
- Four‑bedroom unit with access to a finished walk‑out basement, additional rooms, and a bathroom
- First unit is not leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,484
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,680
$709.7K
Cap Rate 7%
$506,914
$506.9K
Cap Rate 9%
$394,267
$394.3K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$54.2K $27.00/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$50.7K $25.25/SF
− OpEx
−$15.2K −$7.57/SF
NOI
$35.5K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,680
Cap Rate 7%
$506,914
Cap Rate 9%
$394,267
Alternative Uses
Best Use
Multifamily LT 5
$506.9K
$443.6K – $591.4K
NOI $35,484 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$470.1K
$411.3K – $548.5K
NOI $32,907 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,935 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
Explore this area
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
Market
Properties on Market for Duplexes in Rockland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve a four-bedroom residence and a one-bedroom unit.
Where is this duplex located?
The property is located at 29 Fairview Avenue Spring Valley, NY.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: 2,008‑square‑foot, two‑family property built in 1951; Four‑bedroom unit with access to a finished walk‑out basement, additional rooms, and a bathroom; First unit is not leased
