Property profile

99 Old Tappan Rd Tappan, NY 10983

OFF-MARKET
Investment properties
Property ID
US63-0130673
1,208 SF 0.54 ac lot Built 1920
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.54-acre property at 99 Old Tappan Rd, Tappan, NY (APN 77.10-3-15) presents a remarkable mixed-use development opportunity. Currently zoned CS, it offers significant potential for a vibrant project. The site includes an existing house and barn, providing immediate income possibilities or space for adaptive reuse. The house is spacious and well-maintained, suitable for various uses such as office space, artist studios, or residential occupancy. The rustic barn offers ample storage or workshop space. The property's strategic location in a growing community ensures high visibility and convenient access to major roadways. This presents a unique chance to create a thriving mixed-use environment, potentially incorporating five apartments with ground-level retail, as envisioned in the proposed plan. The annual property tax is $4,778. This is a prime opportunity for investors seeking a blend of existing assets and future development potential in a desirable Rockland County location. The property's flexibility allows for short-term or long-term leasing while development plans are finalized. Don't miss this chance to acquire a versatile and strategically located property in Tappan, New York. The asking price is $695,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 1,208 SF
Lot 0.54 ac (23,522 SF)
Zoning code CS
APN 392489 77.10-3-15
UPID US63-0130673

Cap rate & NOI

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

Location

99 Old Tappan Rd Tappan, NY 10983-2313
Tappan metro Census 13401 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2005
1 recorded transaction
2005
$560,000

Zoning & alternative use

CS · Tappan, 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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