Rare 8 property assemblage offered at a compelling below market package price.


Property

Website:https://www.nestseekers.com/5701359
Address:
Ramapo, NY 10901
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.3 Acres

Financials

Price:$1,655,000
Annual Taxes:$31,660

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.

Amenities

  • Front Yard
  • Other
  • Refrigerator
  • Sewer Connected
  • Smoke Detectors
  • Trash Collection Private
  • Water Connected

Contact

2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of MS Realty Group USA, Inc