Building Details

Building Size 1,150 SF

Year Built 1965

Listing Agency: Wright Bros Real Estate, Inc.

Listed By: Mary C Lovera Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 11 Last Checked: Oct 23 at 9:27AM

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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 Wright Bros Real Estate, Inc.

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Investment Insights

Based on property information with market context.

An apartment building is available for sale in Spring Valley, New York. The list price is $215,000.

Key Highlights

• Year Built: 1965
• Price: $11

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,846

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$376,920 $376.9K

Cap Rate 7%

$269,229 $269.2K

Cap Rate 9%

$209,400 $209.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,150 SF

Gross rent

$36.6K $31.80/SF

− Vacancy

−$2.3K −$2.00/SF

EGI

$34.3K $29.80/SF

− OpEx

−$15.4K −$13.41/SF

NOI

$18.8K $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%

$376,920

Cap Rate 7%

$269,229

Cap Rate 9%

$209,400

Alternative Uses

Best Use

Apartment 5plus

$269.2K

$235.6K – $314.1K (±1% cap)

NOI $18,846 @ 7.0% cap · market cap 8.77%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$760.4K

$665.3K – $887.1K (±1% cap)

NOI $53,225 @ 7.0% cap · market cap 24.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

1,279

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building for sale in Spring Valley, NY.

Where is this apartment building located?

The property is located at 30 S Cole Ave 6 F Chestnut Ridge, NY.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: Year Built: 1965; Price: $11