Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Modern Multi-Use Investment Opportunity Title is generated by Realmo AI

    43 Freeland St, Monroe, NY 10950

    View on Map
    Claim this Listing
    For Sale
    $3,999,999

    Multi-Unit (2-4) - Monroe, NY

    Property size:
    12,000 SF
    Lot size:
    2.90 Acres
    Price / SF:
    $333/SF
    Added:
    Mar 12, 2026
    Days on Market:
    77
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for 43 Freeland St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    15
    Bathrooms
    24
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Parking features
    Garage
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    334001-214.000-0001-062.000
    Size
    12,000 SF
    Lot size
    2.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    32950

    Utilities

    Heating system
    Baseboard, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Year renovated
    2020
    Floors in Building
    2
    Flooring type
    Granite, Hardwood, Tile
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Nazma Sooknanan

    Listing agent Nazma Sooknanan

    Listing office Nazma Real Estate LLC 32 Michigan Ct, Valley Cottage, NY

    Listing date Mar 12, 2026

    MLS# 11791208 Listing URL

    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.

    HighLights

    • Modern construction, built in 2020, with approximately 12,000 sq ft of flexible layout space.
    • Located on a private, gated 2.9‑acre property in the Village of Monroe.
    • Currently configured with 15 bedrooms, 28 bathrooms, and 4 full kitchens, offering immediate residential/institutional use potential.
    • Ample on‑site parking for 15+ vehicles.
    • Convenient location near shopping, services, and major roadways.
    • Multiple potential uses including educational facility, daycare, office space, or hospitality, subject to approvals.

    Overview

    Located in the Village of Monroe, NY, this multi-use building offers approximately 12,000 sq ft of space on a gated 2.9-acre property. Constructed in 2020, the property features modern construction and a flexible layout suitable for various permitted uses. Currently, the property is used as a private high school with a dormitory and residential units. The building includes four full kitchens, 15 bedrooms, and 28 bathrooms. On-site parking is available for 15+ vehicles. The property is currently leased and configured for residential and institutional use. Its location provides convenient access to shopping, services, and major roadways, balancing accessibility and privacy. Potential uses, subject to municipal approvals and zoning requirements, include an educational facility, daycare, residential program, office space, wellness or medical services, retreat facility, hospitality use, or event space. This property presents a unique opportunity for investors or organizations seeking a modern facility with multiple possible applications.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $2.49M
    NOI $224,465 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.21M
    NOI $224,465 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.49M
    NOI $224,465 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    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 Use Scenarios

    Best Use
    Apartment 5plus
    $3.21M
    $2.81M – $3.74M (±1% cap)
    NOI $224,465 @ 7.0% cap · market cap 5.61%
    Second Best
    Office B
    $2.87M
    $2.51M – $3.35M (±1% cap)
    NOI $200,794 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Office A
    $4.06M
    $3.56M – $4.74M (±1% cap)
    NOI $284,498 @ 7.0% cap · market cap 7.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Radashitz shul Monroe Synagogue

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Orange
    State
    New York
    Longitude
    -74.173776
    Latitude
    41.322664

    Nearby Similar for Sale

    • $899,000
      2,650 SF

      Versatile Mixed-Use Commercial Property

      Mixed-use property in Monroe's business district with income potential.
      8 Stage Rd, Monroe, NY 10950
      View Details
    • $749,000

      Office Building in Commercial District

      Office building with parking in a walkable, bikeable location.
      101 Stage Rd, Monroe, NY 10950
      View Details
    • $549,900

      Versatile Commercial Space in Monroe

      Prime commercial property in high-traffic Monroe location.
      14 Lakes Road, Monroe, NY 10950
      View Details
    • $749,000

      Office Building in Commercial District

      Office building with parking in a vibrant, accessible location.
      101 Stage Road, Monroe, NY 10950
      View Details
    • $2,750,000
      10,900 SF

      Monroe Medical Investment Opportunity

      Fully leased medical property with established tenant and long-term lease.
      503-505 State Rte 208, Monroe, NY
      View Details
    • $549,900

      Versatile Commercial Space in Monroe

      Commercial property suitable for retail or office use in Monroe.
      14 Lakes Road, Monroe, NY 10950
      View Details
    • $2,900,000
      9,754 SF

      Professional Building on Route 17M

      High-quality brick building with five separate bays and ample parking.
      360 State Route 17m, Monroe, NY 10950
      View Details

    FAQs

    What type of property is this?
    School - 12,000 sq ft building on 2.9 acres in Monroe, NY.
    Where is this school 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: Modern construction, built in 2020, with approximately 12,000 sq ft of flexible layout space.; Located on a private, gated 2.9‑acre property in the Village of Monroe.; **Currently configured with 15 bedrooms, 28 bathrooms, and 4 full kitchens, offering immediate residential/institutional use potential.**
    (845) 893-2920
    We can help!
    Listing Contact
    Nazma Sooknanan
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    43 Freeland St, Monroe, NY 10950
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!