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    Property profile & analytics

    15 Free Hill Rd Tomkins Cove, NY 10986

    • Commercial real estate
    • 2,048 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-0470855
    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

    • Commercial real estate

    Property Details for 15 Free Hill Rd

    Year built
    1900
    Lot size
    0.26 lot acres
    Property size
    2,048 SF
    Property type
    Commercial real estate
    APN
    392800-010-004-0001-081-000-0000

    Description

    Exceptional investment opportunity awaits in Tompkins Cove, NY. This multifamily property, located at 15-17 Free Hill Road, consists of two separate three-bedroom apartment units within two buildings on a 0.26-acre lot. Built in 1900, the three-story structures offer a combined 2,048 square feet of living space. The property boasts a strong net operating income (NOI) of $49,128, resulting in an attractive 7.00% capitalization rate. The asking price is $699,000, translating to $341.31 per square foot. A detached garage adds further value and convenience. This property presents a compelling opportunity for investors seeking a stable, high-yield investment in a desirable location. The property's strong cash flow and potential for future appreciation make it an ideal addition to any investment portfolio. The Rockland County location offers easy access to local amenities and transportation. The property's APN is 392800-010-004-0001-081-000-0000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tomkins Cove
    County
    Rockland
    State
    New York
    Longitude
    -73.987338
    Latitude
    41.2521274
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    15 Free Hill Rd
    Tomkins Cove, NY 10986
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    Realmo Value Estimation

    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.

    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.

    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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