Multi-Use Institutional Residential
43 Freeland Street, Monroe, NY 10950
Built in 2020, this leased multi-use facility includes dorm-style space, residential units, and parking for 15+ vehicles.
Type:Mixed Use
Property size:
12,000 SFLot size:
2.90 AcresPrice / SF:
$333/SF- Added:
- Mar 13, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 9 at 2:08 am
Property Features for 43 Freeland Street
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 2.90 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2020
Listing office Nazma Real Estate LLC
Listing date Mar 13, 2026
Source Resortrealtycatskills
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 Nazma Real Estate LLC
HighLights
- Built in 2020: approx. 12,000 sq ft multi‑use building on a private gated 2.9‑acre property in the Village of Monroe, NY
- Currently leased and configured for residential/institutional use, with dormitory space and residential units
- Includes four full kitchens, 15 bedrooms, and 28 bathrooms, supporting flexible room configurations
- On‑site parking for 15+ vehicles
- Presently operating as a private high school with dormitory and residential units
Overview
Approx. 12,000 sq ft multi-use building on a private gated 2.9-acre property, built in 2020. The facility is currently configured for residential and institutional use and is being operated as a private high school with dormitory space, along with residential units as residences. The building includes four full kitchens, 15 bedrooms, and 28 bathrooms, with on-site parking for 15+ vehicles.
Located in the Village of Monroe with convenient access to shopping, services, and major roadways, while maintaining a private, gated setting.
With a flexible layout and existing dormitory/residential configuration, the property may be suited to a range of permitted uses subject to municipal approvals and zoning requirements, including educational facility, residential program, office space, wellness or medical services, retreat facility, hospitality use, or event space.
Located in the Village of Monroe with convenient access to shopping, services, and major roadways, while maintaining a private, gated setting.
With a flexible layout and existing dormitory/residential configuration, the property may be suited to a range of permitted uses subject to municipal approvals and zoning requirements, including educational facility, residential program, office space, wellness or medical services, retreat facility, hospitality use, or event space.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $423.4k | $35.28 |
| − Vacancy | −$15.2k | −$1.27 |
| EGI | $408.1k | $34.01 |
| − OpEx | −$183.7k | −$15.30 |
| NOI | $224.5k | $18.71 |
12,000 SF · lease $35.28/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.21M
$2.81M – $3.74M
NOI $224,465 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.06M
$3.56M – $4.74M
NOI $284,498 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Radashitz shul Monroe
Synagogue
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Orange
- State
- New York
- Longitude
- -74.1735324
- Latitude
- 41.3238019
Nearby Similar for Sale
FAQs
What type of property is this?
School - Built in 2020, this leased multi-use facility includes dorm-style space, residential units, and parking for 15+ vehicles.
Where is this school located?
The property is located at 43 Freeland Street Monroe, NY.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: Built in 2020: approx. 12,000 sq ft multi‑use building on a private gated 2.9‑acre property in the Village of Monroe, NY; Currently leased and configured for residential/institutional use, with dormitory space and residential units; Includes four full kitchens, 15 bedrooms, and 28 bathrooms, supporting flexible room configurations
