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    33 Park Ave Suffern, NY 10901
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    33 Park Ave Suffern, NY 10901

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    • Storefront properties
    For Sale
    $1,250,000
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    Mixed-Use Property with Storefront For Sale
    $1,250,000
    0.12 Acres

    Mixed-Use Property with Storefront

    Mixed-use property featuring residential apartments and a retail storefront.

    33 Park Ave, Suffern, NY 10901
    View Listing
    Property ID
    US63-2052065
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Integrative Therapy of Rockland / Foster Care Service / Social Service Agency
    • Deja Vu Salon / Hair Salon / Nail Salon

    Property Details for 33 Park Ave

    Year built
    1970
    Property type
    Storefront properties
    Property subtype
    Mixed-use properties

    Description

    Another incredible mixed-use building available in downtown Suffern! Consisting of 5 Residential apartments, 1 Retail storefront, and a private parking lot! The commercial units are separately metered for gas, electric and water. The residential units are separately metered for gas and electric. The building enjoys a young roof. Although the building is 2 stories, current zoning allows 4 stories to be built. The income posted is actual. If you're studying the market, then you know there's tremendous upside here without making any improvements to the building, and should you choose to develop, the potential is endless. This is part of a portfolio sale concentrated in downtown Suffern. This building, along with 20-28 Chestnut Street and 47-55 Lafayette Avenue must be sold together. A once in a two-generation-opportunity to control approximately half of downtown Suffern!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.152053
    Latitude
    41.115331

    Comparable in this City

    • $1,250,000

      Mixed-Use Property with Storefront

      Mixed-use property featuring residential apartments and a retail storefront.
      33 Park Ave, Suffern, NY 10901
      View Details
    • $9,750,000

      Mixed-Use Landmark Building For Sale

      100% leased mixed-use building with parking in Suffern, NY.
      90-100 Orange Ave, Suffern, NY 10901
      View Details
    • $2,650,000

      Mixed-Use Building in Downtown Suffern

      Mixed-use building with residential and commercial units near transportation.
      47-55 Lafayette Ave, Suffern, NY 10901
      View Details
    • $1,400,000

      Mixed-Use Property Near NYC Train

      Mixed-use property with apartments, retail, and parking near NYC train.
      20-28 Chestnut St, Suffern, NY 10901
      View Details
    • $975,000

      Mixed-Use Property with Parking

      Mixed-use property featuring commercial spaces, apartments, and parking.
      24 Lafayette Ave, Suffern, NY 10901
      View Details
    • $899,000

      Mixed-Use Property with Income Potential

      Multifamily and commercial property with apartments and office space.
      18-20 E Park Pl, Suffern, NY 10901
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Mixed-Use Property with Storefront

      Mixed-use property featuring residential apartments and a retail storefront.
      33 Park Ave, Suffern, NY 10901
      View Details
    • $9,750,000

      Mixed-Use Landmark Building For Sale

      100% leased mixed-use building with parking in Suffern, NY.
      90-100 Orange Ave, Suffern, NY 10901
      View Details
    • $1,400,000

      Mixed-Use Property Near NYC Train

      Mixed-use property with apartments, retail, and parking near NYC train.
      20-28 Chestnut St, Suffern, NY 10901
      View Details
    • $2,650,000

      Mixed-Use Building in Downtown Suffern

      Mixed-use building with residential and commercial units near transportation.
      47-55 Lafayette Ave, Suffern, NY 10901
      View Details
    • $975,000

      Mixed-Use Property with Parking

      Mixed-use property featuring commercial spaces, apartments, and parking.
      24 Lafayette Ave, Suffern, NY 10901
      View Details
    • $899,000

      Mixed-Use Property with Income Potential

      Multifamily and commercial property with apartments and office space.
      18-20 E Park Pl, Suffern, NY 10901
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      Downtown Suffern Commercial Building

      Commercial building in downtown Suffern, suitable for various businesses.
      41 Lafayette Ave, Suffern, NY 10901
      View Details
    • $15 SF/Yr
      3,293 SF

      Suffern Retail/Showroom Opportunity

      Renovated retail and showroom space in Suffern, NY.
      92-96 Lafayette Ave, Suffern, NY 10901
      View Details
    • $26 SF/Yr
      1,759 SF

      Retail Space in Montebello Center

      Retail space available in a busy shopping center.
      5-28 Indian Rock, Montebello, NY 10901
      View Details
    • $32 SF/Yr

      Ramapo Shopping Center Retail Space

      Retail space available in Ramapo Shopping Center with established tenants.
      250 Route 59, Suffern, NY 10901
      View Details
    View Listing
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    Suffern, NY 10901
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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