Side-by-Side Farmhouse
For Sale
$925,000
500 Haverstraw Road, Suffern, NY 10901
Two separate residences feature individual utilities, in-unit laundry, and a detached barn with garage and stall space.
Property Size2,884 SF
Days on Market83
Property Features for 500 Haverstraw Road
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$16,798
Amenities
front porch
Building Details
Building Size
2,884 SF
Year Built
1877
Units
2
Construction
farmhouse-style
Listing Agency:
Q Home Sales
(845) 364-0007
Listed By:
Naomi Streicher · License #10301218918
(845) 364-0007
Source:
Maurafinnegan
Added: Jun 10
Changed: Aug 30
Last Checked: Aug 25 at 9:23AM
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 Q Home Sales
Investment Insights
Based on property information with market context.
This side-by-side duplex occupies a farmhouse-style residence built in 1877, with two separate two-level units. The layout includes one one-bedroom, one-bath unit and one three-bedroom unit with one and a half baths. Each residence has its own utilities, washer and dryer, and high ceilings. Water service differs by unit, with one connected to a well and the other supplied by a public system.
A detached original red barn adds garages and stalls for storage or hobby use. The property also includes hardwood flooring, decorative ceilings, built-in-style nooks, and a covered front porch. Set back on a flat parcel with lawns and mature greenery, the property provides a quiet residential setting while remaining near highways, transportation, shopping, and everyday services.
A detached original red barn adds garages and stalls for storage or hobby use. The property also includes hardwood flooring, decorative ceilings, built-in-style nooks, and a covered front porch. Set back on a flat parcel with lawns and mature greenery, the property provides a quiet residential setting while remaining near highways, transportation, shopping, and everyday services.
Key Highlights
- Two side‑by‑side residential units with separate two‑level layouts
- Unit mix includes one 1‑bedroom, 1‑bath residence and one 3‑bedroom, 1.5‑bath residence
- Separate utilities and individual washer and dryer for each unit
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
$50,965
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
5.51%
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%
$1,019,300
$1.0M
Cap Rate 7%
$728,071
$728.1K
Cap Rate 9%
$566,278
$566.3K
Market Conditions
NOI Build-Up for 2,884 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
$77.9K $27.00/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$72.8K $25.25/SF
− OpEx
−$21.8K −$7.57/SF
NOI
$51.0K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,019,300
Cap Rate 7%
$728,071
Cap Rate 9%
$566,278
Alternative Uses
Best Use
Multifamily LT 5
$728.1K
$637.1K – $849.4K
NOI $50,965 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$675.2K
$590.8K – $787.7K
NOI $47,263 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,479 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
51
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature individual utilities, in-unit laundry, and a detached barn with garage and stall space.
Where is this duplex located?
The property is located at 500 Haverstraw Road Suffern, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two side‑by‑side residential units with separate two‑level layouts; Unit mix includes one 1‑bedroom, 1‑bath residence and one 3‑bedroom, 1.5‑bath residence; Separate utilities and individual washer and dryer for each unit
