27 Rockland AveHillburn, NY 10931

Property Details for 27 Rockland Ave

Year built

1900

Lot size

0.14 AC

Property size (Sq ft)

4,574 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

392601 47.18-3-45

APU

3926014718345

Description

This exceptional Hillburn, NY investment property at 27 Rockland Avenue offers a unique blend of retail and residential income streams. The building boasts a total of 4,749 square feet situated on a 0.14-acre lot. The ground floor is currently occupied by the Hillburn Post Office, a highly reliable tenant under a lease expiring March 31st, 2025, providing immediate and consistent rental income. The upper floors comprise three well-maintained residential apartments: one two-bedroom unit and two one-bedroom units. These apartments are currently on month-to-month leases, offering flexibility and potential for future rent increases. The entire property is in excellent condition, reflecting meticulous upkeep and attention to detail. This presents a rare opportunity to acquire a versatile investment with significant upside potential. The strong existing tenant base, combined with the potential to increase rental income from the residential units, makes this a compelling investment for discerning buyers seeking a stable and profitable asset in a desirable location. The property's size and location offer a solid foundation for long-term growth and return on investment. This is a turnkey opportunity not to be missed. The asking price is $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $834,248

  6.5%

  $770,075

  7%

  $715,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,444

  Geo Method

  $597,639

• Alternative Use

  Use

  Valuation

  Residential

  $954,893

  Hospitality

  $874,677

  Educational

  $727,721

  Medical

  $752,748

  Retail

  $1,132,010

Location Insight

City

Hillburn

County

Rockland

State

New York

Latitude

41.1237

Longitude

-74.1684

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].