167 Route 9WHaverstraw, NY 10927

Property Details for 167 Route 9W

Year built

1960

Lot size

0.14 AC

Property size (Sq ft)

2,628 SF

Zone code

161

Property type

Investment properties

Property subtype

Retail residential properties

APN

392201 26.50-1-64

APU

3922012650164

Description

This exceptional investment property at 167 Route 9W in Haverstraw, NY, presents a unique dual-income opportunity. The main structure boasts approximately 4,160 square feet of retail space, currently occupied by a long-term tenant operating a recently fully renovated restaurant. This lease generates substantial income, contributing to an excellent capitalization rate. The property also includes a separate, recently renovated 4-5 bedroom residential house, also under lease. Recent upgrades to the residential property include a new kitchen, bathrooms, flooring, ceilings, lighting, and electrical panel. Both the retail space and the residential house possess approved certificates of occupancy. The property sits on a lot of approximately 6,098 square feet and features newly paved parking areas and a new roof. All utilities are paid by the tenants, and the residential tenant is responsible for property maintenance. Located on one of Rockland County's busiest roadways, this property offers unparalleled visibility and access to a high volume of traffic. Annual property taxes are approximately $22,000. This turnkey investment is ideal for those seeking a strong return on investment with minimal management responsibilities. The combination of a stable commercial tenant and a separately leased residential unit provides a diversified income stream and significant potential for future appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $538,764

  6.5%

  $497,320

  7%

  $461,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $532,230

  Geo Method

  $532,230

• Alternative Use

  Use

  Valuation

  Residential

  $497,320

  Hospitality

  $455,543

  Educational

  $379,006

  Medical

  $392,041

  Retail

  $589,565

Location Insight

City

Haverstraw

County

Rockland

State

New York

Latitude

41.198

Longitude

-73.9809

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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