133 Lafayette Avenue N, Suffern, NY 10901

$749,999

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List Price
$749,999
Status
PENDING
Days on Market
23
MLS#
1038790
Subtype
Commercial Sale
Style
Row Dwelling
Year Built
1960
Subdivision
BuilderS TractMultifamily Development Potential
Neighborhood
Suffern

Property Description

Rare 8-property assemblage offered at a compelling below-market package price. The assemblage includes two 2R-5 properties and PO-15 zoning, which allows by-right uses, including residential uses, places of worship, private schools, colleges, seminaries, dormitories, and qualifying office uses. Additional commercial uses may be available subject to applicable requirements and approvals. Current rents for the property are $4,270/month for Unit 1 and $1,900/month for Unit 2, while current market rents are approximately $4,270/month for Unit 1 and $2,200/month for Unit 2, offering additional rental upside. The zoning flexibility adds significant value, while the primary opportunity is the exceptional package pricing.

Additional Information

Taxes
$17,992
Property Description
Row Dwelling
Flooring
Carpet, Hardwood, Tile
Appliances
Gas Oven, Gas Range, Refrigerator
Heating
Hot Water, Natural Gas
Air Conditioning
Central Air, Varies by Unit, Wall/Window Unit(s)
Stories
2
Foundation
Concrete Perimeter, Slab
Parking
Driveway
Parking Features
Driveway
School District
Suffern
Elementary School
Viola Elementary School
Middle School
Suffern Middle School
High School
Suffern Senior High School
View
Neighborhood

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Listing courtesy of Listing Agent: Aaron Gestetner (ag@exitrv.com) from Listing Office: MS Realty Group USA, Inc.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.