Mixed-Use Building in Downtown
For Sale
$2,650,000
Pending
47-55 Lafayette Avenue 47-55, Suffern, NY 10901
Mixed-use building with residential and commercial units near transportation.
Property Size14,112 SF
Days on Market212
Property Features for 47-55 Lafayette Avenue 47-55
General Information
Standard status
Pending
Size
14,112 SF
Net Operating Income
$184,393
Taxes and HOA fees
Annual Taxes
$30,519
Amenities
Central Air, Wall/Window Unit(s)
Baseboard, Forced Air, Natural Gas, Steam
Off Street, On Street, Private
Building Details
Building Size
14,112 SF
Listing Agency:
delaney realty
Listed By:
Patricia A Delaney
(845) 357-2141
Source:
Evrealestate
Added: Feb 27
Changed: Sep 21
Last Checked: Sep 26 at 11:21AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$231,269
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 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.
