233 Lafayette AveSuffern, NY 10901

  • Office buildings
  • 16,500 SF
For Lease
$25/SF/YR View listing

Property Details for 233 Lafayette Ave

Year built
1980
Lot size
0.84 AC
Property size (Sq ft)
16,500 SF
Zone code
07 - MIXED
Property type
Office buildings
APN
392607 55.38-1-4
APU
392607553814

Description

This exceptional 2,800 square-foot executive office suite presents a unique opportunity for businesses seeking a seamless transition into a thriving location. Situated within a recently renovated Class A building at 233 Lafayette Avenue, Unit #201, in Suffern's desirable submarket, this space boasts a highly functional layout. Previously occupied by an insurance company, the suite is immediately available and features nine private offices, providing ample space for individual work and team collaboration. A dedicated conference room facilitates productive meetings, while multiple cubicle spaces offer flexible work arrangements. A secure server room ensures data protection, and a convenient kitchenette adds to the suite's practicality. The building itself totals 16,500 square feet and is comprised of two stories, offering a professional and well-maintained environment. The PO zoning designation ensures versatility for various business types. The property's strategic location just off Route 59 provides excellent accessibility, making it an ideal choice for businesses seeking a prominent and easily accessible location in Suffern. With 2,800 square feet of vacant space in a multiple-tenancy building, this is a ready-to-occupy solution for a growing company.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,008,978
    6.5%
    $2,777,518
    7%
    $2,579,124
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,158,792
    Geo Method
    $2,155,890
  • Alternative Use

    Use
    Valuation
    Residential
    $3,444,122
    Hospitality
    $3,154,798
    Educational
    $2,624,755
    Medical
    $2,715,024
    Retail
    $4,082,952

Location Insight

City
Suffern
County
Rockland
State
New York
Latitude
41.1124
Longitude
-74.1379
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$45,000
$155,000
$200,000
-
$90,450
$311,550
$402,000

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