Property summary
This exceptional Hillburn, NY investment property at 27 Rockland Avenue offers a unique blend of retail and residential income streams. The building boasts a total of 4,749 square feet situated on a 0.14-acre lot. The ground floor is currently occupied by the Hillburn Post Office, a highly reliable tenant under a lease expiring March 31st, 2025, providing immediate and consistent rental income. The upper floors comprise three well-maintained residential apartments: one two-bedroom unit and two one-bedroom units. These apartments are currently on month-to-month leases, offering flexibility and potential for future rent increases. The entire property is in excellent condition, reflecting meticulous upkeep and attention to detail. This presents a rare opportunity to acquire a versatile investment with significant upside potential. The strong existing tenant base, combined with the potential to increase rental income from the residential units, makes this a compelling investment for discerning buyers seeking a stable and profitable asset in a desirable location. The property's size and location offer a solid foundation for long-term growth and return on investment. This is a turnkey opportunity not to be missed. The asking price is $1,200,000.
Property profile
VerifiedCap rate & NOI
Current use
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Post Office Logistics Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
R6 · Hillburn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R6 in Hillburn, NY.
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Find the owner behind the property.
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