Ramapo, NY 10901

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$699,999
Annual Taxes:$14,622
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of MS Realty Group USA, Inc

131 Lafayette Avenue Rare Mixed Use Investment Opportunity !

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.

Amenities

  • Freezer
  • Gas Oven
  • Gas Range
  • Near Public Transit
  • Near School
  • Near Shops
  • Neighborhood
  • Other
  • Park
  • Paved
  • Refrigerator
  • Shades/Blinds
  • Sidewalks
  • Trash Collection Private
  • Walk Up

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.