5 New Main St HaverstrawHaverstraw, NY 10927

Property Details for 5 New Main St Haverstraw

Year built

1970

Lot size

0.06 AC

Property size (Sq ft)

1,504 SF

Zone code

162

Property type

Investment properties

Property subtype

Live-work space

APN

392201 27.53-2-21

APU

3922012753221

Description

This exceptional investment opportunity presents a unique blend of commercial and residential real estate in the vibrant heart of Haverstraw, NY. The property, located at 5 New Main Street, encompasses a substantial 4,328 square feet of retail space, currently housing two highly successful and well-established businesses. This ensures a strong, immediate income stream for the new owner. The retail space is situated on a 0.06-acre lot, providing excellent visibility and accessibility in the charming downtown area. Adding to the appeal, the property also includes a five-bedroom house located at the rear of the lot, offering additional income potential through rental or owner occupancy. This versatile property presents a rare chance to acquire a well-established, income-generating asset with significant upside potential. The current tenants are well-established and contribute to the consistent profitability of the retail spaces. The property has never been previously listed on the market, making this a truly unique and exclusive opportunity. This combination of established retail businesses and a substantial residential component makes this an exceptional investment for discerning buyers seeking a diversified portfolio with immediate returns and long-term growth prospects. The asking price is $899,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $248,656

  6.5%

  $229,529

  7%

  $213,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,513

  Geo Method

  $196,513

• Alternative Use

  Use

  Valuation

  Residential

  $284,616

  Hospitality

  $260,706

  Educational

  $216,905

  Medical

  $224,364

  Retail

  $337,407

Location Insight

City

Haverstraw

County

Rockland

State

New York

Latitude

41.1964

Longitude

-73.9646

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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