Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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