400 Rella BlvdMontebello, NY 10901

Property Details for 400 Rella Blvd

Year built

1995

Lot size

12.99 AC

Property size (Sq ft)

171,870 SF

Zone code

RSH

Property type

Office buildings

APN

392617 55.08-1-8

APU

392617550818

Description

This Class A office building in Suffern, NY, offers a diverse range of workspace solutions. Located at 400 Rella Blvd, this 13,805 square foot property boasts 350 suites, with 5,970 square feet currently available. The building underwent renovations in 2019 and features modern amenities including elevators. Spaces range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property is ideally suited for executive offices, coworking, creative office spaces, and traditional office setups. Its convenient location offers easy access to downtown Suffern, with its numerous restaurants and amenities, a mere 10-minute walk away. The building also benefits from proximity to five airports, ensuring convenient access for clients and employees traveling from out of town. The space includes videoconferencing facilities and versatile meeting rooms, perfect for client interactions and internal collaborations. Large windows throughout the building provide ample natural light, creating a vibrant and energizing work environment. This Rockland County location provides a blend of modern workspace and convenient accessibility. The building's multiple tenancy structure offers flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $28,415,244

  6.5%

  $26,229,456

  7%

  $24,355,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,456,534

  Geo Method

  $22,456,534

• Alternative Use

  Use

  Valuation

  Residential

  $32,524,526

  Hospitality

  $29,792,292

  Educational

  $24,786,836

  Medical

  $25,639,294

  Retail

  $38,557,300

Location Insight

City

Suffern

County

Rockland

State

New York

Latitude

41.1159

Longitude

-74.1057

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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