Property profile

167 Route 9W Haverstraw, NY 10927

FOR SALE
Investment properties
Property ID
US63-5313404
2,628 SF 0.14 ac lot Built 1960
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment property at 167 Route 9W in Haverstraw, NY, presents a unique dual-income opportunity. The main structure boasts approximately 4,160 square feet of retail space, currently occupied by a long-term tenant operating a recently fully renovated restaurant. This lease generates substantial income, contributing to an excellent capitalization rate. The property also includes a separate, recently renovated 4-5 bedroom residential house, also under lease. Recent upgrades to the residential property include a new kitchen, bathrooms, flooring, ceilings, lighting, and electrical panel. Both the retail space and the residential house possess approved certificates of occupancy. The property sits on a lot of approximately 6,098 square feet and features newly paved parking areas and a new roof. All utilities are paid by the tenants, and the residential tenant is responsible for property maintenance. Located on one of Rockland County's busiest roadways, this property offers unparalleled visibility and access to a high volume of traffic. Annual property taxes are approximately $22,000. This turnkey investment is ideal for those seeking a strong return on investment with minimal management responsibilities. The combination of a stable commercial tenant and a separately leased residential unit provides a diversified income stream and significant potential for future appreciation.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Total area 2,628 SF
Lot 0.14 ac (6,098 SF)
Zoning code 161
APN 392201 26.50-1-64
UPID US63-5313404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

167 Route 9W Haverstraw, NY 10927
Haverstraw metro Census 10701 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
Last sale
$97,000
7 recorded transactions
2020
$345,000
2017
Price N/A
2016
$97,000
2014
$119,500
2008
Price N/A
2005
$400,000
1969
Price N/A

Zoning & alternative use

161 · Haverstraw, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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