131 Lafayette Avenue, Suffern, NY 10901
- $699,999
- List Price
- $699,999
- Status
- PENDING
- Days on Market
- 23
- MLS#
- 1038833
- Subtype
- Commercial Sale
- Style
- Row Dwelling
- Year Built
- 1960
- Lot Size
- 8,276
- Acres
- 0.19
- Neighborhood
- Suffern
Property Description
131 Lafayette Avenue – Rare Mixed-Use Investment Opportunity! Well-maintained commercial property featuring a first-floor commercial space plus two apartments—a 2-bedroom on the second floor and a studio on the third. Includes a private 8-car parking lot, a rare feature in Suffern. Current rents are $1,850/month for Unit 1, $1,900/month for Unit 2, and $560/month for Unit 3, while current market rents are estimated at approximately $2,500/month, $2,200/month, and $1,350/month, respectively, offering significant upside potential. Current rents reflect only a 4.5% cap rate, with the potential to increase to approximately 7.5% through market-rate rents. Zoned PO-15, offering valuable flexibility for a variety of permitted uses. Offered as part of an 8-property assemblage at a compelling below-market package price—a unique opportunity for investors and developers.
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Additional Information
- Taxes
- $14,622
- Property Description
- Row Dwelling
- Zoning
- PO-15
- Flooring
- Carpet, Hardwood
- Appliances
- Freezer, Gas Oven, Gas Range, Refrigerator
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- Central Air, Varies by Unit, Wall/Window Unit(s)
- Stories
- 3
- Foundation
- Pillar/Post/Pier, Concrete Perimeter
- Parking
- Other, Parking Lot, Shared Driveway
- Parking Features
- Other, Parking Lot, Shared Driveway
- School District
- Suffern
- Elementary School
- Richard P Connor 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.