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Property profile & analytics
FOR LEASE
Investment properties
92-96 Lafayette Ave Suffern, NY 10901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1345364
For Lease
1 / 2
$15 SF/Yr
92-96 Lafayette Ave, Suffern, NY 10901
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1970
Total area
12,824 SF
Lot
0.36 ac (15,682 SF)
Zoning code
05 - COMMERCIAL
APN
392607 54.35-1-23
UPID
US63-1345364
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$2.83M
Owner & transaction history
Hines Play House LLC · 4 yrs held
Hines Play House LLC
since 2022
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Suffern, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.6M
+9.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Suffern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suffern submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,920,000
ML approach
$3,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,225,000
Current use
WAREHOUSE, STORAGE
$4,610,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,960,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,820,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.83M
Range $2.54M – $3.11M · ±10% · vs last sale $2.75M (Apr 8 2022)
Last sale anchor
$2.75M
Apr 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$220 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$172,300
Assessed 2023
Previous assessed
$100,000
+72.3% YoY
Assessed land
$40,000
Assessed improvement
$132,300
Land market value
$23,215
Improvement market value
$76,785
Total market value
$100,000
Applied tax rate
392,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1970
Heating
NONE
Buildings
1
Stories
2
Total area
12,824 SF
Lot
0.36 ac (15,682 SF)
Zoning code
05 - COMMERCIAL
APN
392607 54.35-1-23
UPID
US63-1345364
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
05 - COMMERCIAL · Suffern, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Suffern, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suffern. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
2
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hines Play House LLC
Entity
Mailing address
321 RTE 59TH UNIT #366, TALLMAN, NY 10982-7519
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
$2,750,000
Hines Play House LLC
Playhouse Holdings LLC
Bargain And Sale Deed
$130,000 · Broadview Capital LLC
Apr 12, 2018
$1,200,000
Playhouse Holdings LLC
Four Wayne LLC
Deed
$900,000 · Eastern Savings Bank
Apr 2, 2008
—
Four Wayne LLC
Tarantino,william N & Anne M
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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