27 Rockland Ave, Hillburn, NY 10931-2099
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R6 · Hillburn, NYHillburn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.