319 Roosevelt Ave Spring Valley, NY 10977
- Apartment buildings
- 2,368 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 319 Roosevelt Ave
- Year built
- 1926
- Lot size
- 0.06 lot acres
- Property size
- 2,368 SF
- Property type
- Apartment buildings
Description
Exceptional investment opportunity in Spring Valley, NY. This two-story, 2,368 square foot apartment building sits on a 0.057-acre lot at 319 Roosevelt Avenue, 10977, within a thriving residential and commercial district. Built in 1926, the property currently operates as a profitable three-unit multifamily building boasting low taxes and significant income generation. The asking price is $1,600,000, translating to $675.68 per square foot. The property's strategic location presents immense potential for diverse development options. Considerable upside exists for future owners, including the possibility of residential multifamily expansion, lot subdivision, or even commercial redevelopment. This property offers a rare chance to acquire a well-performing asset with substantial growth potential in a desirable location. The building's strong financial performance, combined with the significant development possibilities, makes this a truly compelling investment opportunity. Don't miss this chance to secure a prime piece of Spring Valley real estate.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spring Valley
- County
- Rockland
- State
- New York
- Longitude
- -74.0411
- Latitude
- 41.1059
