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    Investment properties

    99 Old Tappan Rd, Tappan, NY 10983-2313

    1,208 SF 0.54 ac lot Built 1920
    Individually Owned 20-yr Hold Free & Clear
    Property ID
    US63-0130673
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hyun Mikyong · 20 yrs held
    Hyun Mikyong
    since 2005
    1 recorded transaction
    2005
    $560,000
    Zoning & alternative use
    CS · Tappan, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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