Modern Mixed-Use
For Sale
$3,999,999
43 Freeland St, Monroe, NY 10950
Residential Income, Monroe, NY
Property Size12,000 SF
Lot Size2.90 Acres
Price / SF$333.33
Days on Market216
Property Features for 43 Freeland St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
15
Bathrooms
24
Full bathrooms
6
Half bathrooms
18
Rooms
Bedroom 9, Bathroom 19, Bathroom 17, Bathroom 8, Bathroom 7, Bedroom 12, Bathroom 10, Bathroom 15, Bedroom 14, Bedroom 6, Bedroom 8, Bathroom 13, Bathroom 18, Bathroom 9, Bathroom 1, Bathroom 16, Bedroom 13, Bedroom 7, Bedroom 5, Bathroom 20, Bathroom 24, Bathroom 12, Bedroom 11, Bathroom 6, Bedroom 15, Bathroom 2, Bathroom 11, Bedroom 10, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 23, Bathroom 3, Bathroom 4, Bathroom 14, Bathroom 22, Bathroom 21
Patio and Porch features
Deck, Porch
High school district
000000
Standard status
Active
APN
334001-214.000-0001-062.000
Lot size
2.90 Acres
Taxes and HOA fees
Tax Annual Amount
32950
Utilities
Heating system
Natural Gas, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
2020
Floors in Building
2
Flooring type
Granite, Tile, Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Nazma Real Estate LLC
Listed By:
Nazma Sooknanan
(845) 893-2920
Added: Mar 12
Changed: Sep 17
Last Checked: Oct 13 at 4:06PM
MLS# 11791208
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2020, this mixed-use property occupies a private gated 2.9-acre site in the Village of Monroe. The approximately 12,000-square-foot building is configured for residential and institutional use and includes four full kitchens, residential units, dormitory space, and on-site parking for 15+ vehicles. Vinyl siding, tile, granite, and hardwood finishes are complemented by natural-gas baseboard and hot-water heating, public water, an asphalt roof, a deck, and a porch.
The property is currently used as a private high school with dormitory and residential occupancy and is leased. Potential applications identified for the facility include educational, daycare, residential program, office, wellness or medical, retreat, hospitality, and event uses, subject to municipal approvals and zoning requirements. Shopping, services, and major roadways are located nearby.
The property is currently used as a private high school with dormitory and residential occupancy and is leased. Potential applications identified for the facility include educational, daycare, residential program, office, wellness or medical, retreat, hospitality, and event uses, subject to municipal approvals and zoning requirements. Shopping, services, and major roadways are located nearby.
Key Highlights
- Private gated 2.9‑acre property in the Village of Monroe
- Approximately 12,000 square feet of building area
- Built in 2020 with modern construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,465
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,489,300
$4.5M
Cap Rate 7%
$3,206,643
$3.2M
Cap Rate 9%
$2,494,056
$2.5M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$423.4K $35.28/SF
− Vacancy
−$15.2K −$1.27/SF
EGI
$408.1K $34.01/SF
− OpEx
−$183.7K −$15.30/SF
NOI
$224.5K $18.71/SF
Area
Orange County, NY
Vacancy
3.60%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,489,300
Cap Rate 7%
$3,206,643
Cap Rate 9%
$2,494,056
Alternative Uses
Best Use
Apartment 5plus
$3.21M
$2.81M – $3.74M
NOI $224,465 @ 7.0% cap · market cap 5.61%
Second Best
Mixed Use
$1.49M
$1.31M – $1.74M
NOI $104,490 @ 7.0% cap · market cap 2.61%
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 authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 10950, NY
62,741
Population
17,531
Households
3.6
Avg Household Size
21
Median Age
26%
College-Educated
85%
High-School Grad
36.8 sq mi
ZIP Area
1,705
Density / Sq Mi
$77,123
Median Household Income
$38,496
Median Earnings
$1,693
Median Rent
$458,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Modern gated facility with flexible residential and institutional configuration, on-site parking, and multiple kitchens.
Where is this mixed-use property located?
The property is located at 43 Freeland St 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: Private gated 2.9‑acre property in the Village of Monroe; Approximately 12,000 square feet of building area; Built in 2020 with modern construction
