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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    133 Route 59 Monsey, NY 10952

    • Mixed-use properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3013835
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 133 Route 59

    Property type
    Mixed-use properties

    Description

    This exceptional 2.5-acre property located at 133 Route 59 in Monsey, New York, presents a unique investment opportunity. Currently featuring a 15,806 square foot building, the property is zoned R15, offering unparalleled flexibility for redevelopment. The existing structure provides a solid foundation for a variety of projects, from extensive renovations and expansions to a complete rebuild. Imagine transforming this space into a stunning single-family residence, a multi-unit residential development, or a thriving commercial venture. The expansive lot size and versatile zoning regulations allow for a wide range of possibilities, catering to diverse entrepreneurial visions. This prime location in Monsey offers excellent accessibility and visibility, making it an ideal site for a high-impact project. The property's potential is virtually limitless, presenting a rare chance to create a significant and lasting development in a highly desirable area. The asking price is $8,000,000. This is a truly exceptional opportunity for a discerning investor or developer seeking a substantial project with significant upside potential. Don't miss this chance to shape the future of this prime Monsey location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monsey
    County
    Rockland
    State
    New York
    Longitude
    -74.07668
    Latitude
    41.10792

    Comparable in this City

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      Monsey Multifamily Investment Opportunity

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      Monsey Land For Sale

      5 acres of residential farmland in Chestnut Ridge/Monsey.
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      Airmont Land in Park Avenue

      1.27 acres in Airmont's sought-after Park Avenue neighborhood.
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    Similar Nearby for Sale

    • $4,700,000
      Pending

      Monsey Multifamily Investment Opportunity

      Nine-unit apartment building in Monsey, NY, offering income potential.
      342 Blauvelt Rd, Monsey, NY 10952
      View Details
    • $155,000

      Valley View Upper Unit

      Spacious, bright upper unit with updated kitchen and bath.
      7 Secora Rd, Monsey, NY 10952
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    • $3,800,000

      Six-Unit Income Property in Kaser

      Legal six-unit income property with development potential in Village of Kaser.
      231 Blauvelt Rd, Monsey, NY 10952
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    • $275,000

      Renovated First Level Co-op

      First level co-op with renovated kitchen and ample amenities.
      2 Secora Rd, Monsey, NY 10952
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    • $2,200,000
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      Monsey Land For Sale

      5 acres of residential farmland in Chestnut Ridge/Monsey.
      80 Ackertown Rd, Monsey, NY 10952
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    • $1,200,000

      Airmont Land in Park Avenue

      1.27 acres in Airmont's sought-after Park Avenue neighborhood.
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    Similar Nearby for Lease

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      Route 59 Monsey Retail Space

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    • Contact for pricing
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      Monsey Retail Space - Route 59

      High-traffic Route 59 retail space. 2,200 sq ft available.
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      Monsey Retail Space on Route 59

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      Renovated Office Suite in Airmont

      Move-in-ready office suite with modern kitchenette and ample parking.
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    • $8,800 /Mo

      Monsey Retail Space on Route 59

      Retail space for lease on highly trafficked Route 59.
      414 Rte 59 #2, Monsey, NY 10952
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    133 Route 59
    Monsey, NY 10952
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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