Mixed-Use Building in Downtown
47-55 Lafayette Avenue 47-55, Suffern, NY 10901
For Sale
$2,650,000
Pending
Mixed-use building with residential and commercial units near transportation.
Property Size14,112 SF
Days on Market261
Property Features for 47-55 Lafayette Avenue 47-55
General Information
Standard status
Size
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Central Air, Wall/Window Unit(s)
Baseboard, Forced Air, Natural Gas, Steam
Off Street, On Street, Private
Building Details
Building Size
Listing Agency:
Delaney Realty
Listed By:
Patricia A Delaney
(845) 357-2141
Source:
Evrealestate
Added: Feb 27
Changed: Nov 8
Last Checked: Nov 12 at 7:56AM
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 Delaney Realty
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Investment Insights
Based on property information with market context.
This mixed-use building is located in downtown Suffern, at the corner of Lafayette and Chestnut Street, approximately half a block from the train station and one block from the bus to New York City. The property features nine residential units and six commercial units. The commercial units have separate meters for gas, electric, and water. The residential units are metered for gas and electric. The building is well-maintained, both inside and out, and the roof has been recently replaced. A private parking lot is located behind the building and is shared with adjacent buildings on 20-28 Chestnut Street and 33 Park Avenue. Note that these three buildings must be sold together.
Key Highlights
- Prime downtown Suffern location: Highly visible corner lot, close to transportation (1/2 block to train, 1 block to NYC bus).
- Mixed‑use income property: Features 9 residential and 6 commercial units.
- Separately metered utilities: Commercial units metered for gas, electric, and water; residential units metered for gas and electric.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,269
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,625,380
$4.6M
Cap Rate 7%
$3,303,843
$3.3M
Cap Rate 9%
$2,569,656
$2.6M
Market Conditions
NOI Build-Up for 14,112 SF
Gross rent
$448.8K $31.80/SF
− Vacancy
−$28.3K −$2.00/SF
EGI
$420.5K $29.80/SF
− OpEx
−$189.2K −$13.41/SF
NOI
$231.3K $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%
$4,625,380
Cap Rate 7%
$3,303,843
Cap Rate 9%
$2,569,656
Alternative Uses
Best Use
Apartment 5plus
$3.30M
$2.89M – $3.85M
NOI $231,269 @ 7.0% cap · market cap 8.73%
Second Best
Mixed Use
$1.65M
$1.44M – $1.92M
NOI $115,498 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$9.33M
$8.16M – $10.89M
NOI $653,139 @ 7.0% cap · market cap 24.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 10901, NY
25,145
Population
9,674
Households
2.6
Avg Household Size
42
Median Age
48%
College-Educated
90%
High-School Grad
23.5 sq mi
ZIP Area
1,070
Density / Sq Mi
$114,651
Median Household Income
$59,561
Median Earnings
$1,746
Median Rent
$490,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Rockland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with residential and commercial units near transportation.
Where is this mixed-use property located?
The property is located at 47-55 Lafayette Avenue 47-55 Suffern, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Prime downtown Suffern location: **Highly visible corner lot, close to transportation (1/2 block to train, 1 block to NYC bus).**; Mixed‑use income property: Features 9 residential and 6 commercial units.; Separately metered utilities: Commercial units metered for gas, electric, and water; residential units metered for gas and electric.
