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391 Piermont Avenue

Piermont, NY 10968
  • $929,900
  • STATUS: Active
  • MLS #: H6211059
UPDATED: 25 min ago
$929,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1912
County:
Area:

School Ratings & Info

School District:

Description

Own an iconic building in Piermont, which is the jewel of Rockland County (The Post Office). There are two, two-bedroom apartments on the second level and the anchor tenant, the Post Office, is on the first level. There is a large deck in the back that overlooks the yard and the creek. Post Office rents for $42,650 per annum, the back apartment rents for approximately $20,000 per annum (and is due for a sizeable increase), while the totally redone front apartment can rent for approximately $33,000 per annum (currently that is unoccupied) over $100,000 in potential gross rental income from all three rental units. Cap rate is approximately 8.5% at this price. PLEASE DO NOT GO ON THE PREMISES TO SPEAK TO THE POST OFFICE EMPLOYEE AS HE HAS ZERO INFORMATION.

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© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-11-30T09:16:36.58.
www.hudsonvalleyshometeam.com/homes/133235159
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391 Piermont Avenue Piermont, NY 10968

  • Price: $929,900
  • Status: Active
  • On Site: Days
  • Updated: 25 min ago
  • MLS #: H6211059
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1912
Built
Neighborhood:
Orangetown
County:
Rockland
Area:
Orangetown
School District:
South Orangetown
Property Description
Own an iconic building in Piermont, which is the jewel of Rockland County (The Post Office). There are two, two-bedroom apartments on the second level and the anchor tenant, the Post Office, is on the first level. There is a large deck in the back that overlooks the yard and the creek. Post Office rents for $42,650 per annum, the back apartment rents for approximately $20,000 per annum (and is due for a sizeable increase), while the totally redone front apartment can rent for approximately $33,000 per annum (currently that is unoccupied) over $100,000 in potential gross rental income from all three rental units. Cap rate is approximately 8.5% at this price. PLEASE DO NOT GO ON THE PREMISES TO SPEAK TO THE POST OFFICE EMPLOYEE AS HE HAS ZERO INFORMATION.
Exterior Features

Building Size 1

Interior Features

Cooling None Cooling YN No

Property Features

Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 17289.00 Township Orangetown Zoning Description Multi Use Downtown

Listing courtesy of Victor Polce of Howard Hanna Rand Realty: 914-328-0333
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-11-30T09:16:36.58.
 
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