139 Lafayette Avenue, Suffern, NY 10901
- $1,655,000
- List Price
- $1,655,000
- Status
- PENDING
- Days on Market
- 11
- MLS#
- 1038797
- Subtype
- Commercial Sale
- Style
- Row Dwelling
- Year Built
- 1975
- Lot Size
- 21,780
- Acres
- 0.50
- Neighborhood
- Suffern
Property Description
Rare 8-property assemblage offered at a compelling below-market package price. The assemblage includes 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 are $4,500/month for Unit 1, $3,350/month for Unit 2, $5,200/month for Unit 3, and $1,250/month for Unit 4. Current market rents are estimated at approximately $8,500/month for Unit 1, $3,350/month for Unit 2, $5,200/month for Unit 3, and $2,200/month for Unit 4, offering significant upside potential, particularly through the under-market rents on Units 1 and 4. The zoning flexibility adds significant value, while the primary opportunity is the exceptional package pricing.
/u.realgeeks.media/ridgevalleyre/images/logo.png){kind=logo}
Additional Information
- Taxes
- $31,660
- Property Description
- Row Dwelling
- Flooring
- Carpet, Hardwood, Tile
- Appliances
- Refrigerator
- Heating
- Hot Air, Natural Gas
- Air Conditioning
- Central Air
- Stories
- 2
- Parking
- Parking Lot
- Parking Features
- Parking Lot
- School District
- Suffern
- Elementary School
- Richard P Connor Elementary School
- Middle School
- Suffern Middle School
- High School
- Suffern Senior High School
How much is your home worth?
...get instant property value now!
Mortgage Calculator
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.