Colonial Office
For Sale
$700,000
5 Tallman Place, Suffern, NY 10901
VC zoning and a multi-room interior offer a defined layout for commercial occupancy.
Property Size1,907 SF
Price / SF$367.07
Days on Market158
Property Features for 5 Tallman Place
General Information
Standard status
Active
Size
1,907 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
VC zone
Additional Details
Condition
Newly Renovated
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,378
Building Details
Building Size
1,907 SF
Year Built
1890
Buildings
1
Stories
2
Construction
colonial
Listing Agency:
eRealty Advisors, Inc
(914) 712-6330
Listed By:
Charnie Guttmann
(845) 513-0706
Source:
Croninreale
Added: May 20
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
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 eRealty Advisors, Inc
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Investment Insights
Based on property information with market context.
Built in 1890, this colonial-style property has a multi-room layout with a kitchen, dining room, living room, four bedrooms, and two full bathrooms. The attic has two windows, and a deck overlooks the backyard. An above-ground pool is also on site.
The property is zoned VC. A freshly repaved driveway accommodates at least 4 cars.
The property is zoned VC. A freshly repaved driveway accommodates at least 4 cars.
Key Highlights
- VC zone zoning
- Built in 1890
- Four bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,385
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,700
$1.1M
Cap Rate 7%
$776,929
$776.9K
Cap Rate 9%
$604,278
$604.3K
Market Conditions
NOI Build-Up for 1,907 SF
Gross rent
$85.8K $45.00/SF
− Vacancy
−$13.3K −$6.98/SF
EGI
$72.5K $38.03/SF
− OpEx
−$18.1K −$9.51/SF
NOI
$54.4K $28.52/SF
Area
Rockland County, NY
Vacancy
15.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,700
Cap Rate 7%
$776,929
Cap Rate 9%
$604,278
Alternative Uses
Best Use
Office B
$776.9K
$679.8K – $906.4K
NOI $54,385 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,261 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - VC zoning and a multi-room interior offer a defined layout for commercial occupancy.
Where is this office building located?
The property is located at 5 Tallman Place Suffern, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: VC zone zoning; Built in 1890; Four bedrooms and two full bathrooms
