131 Lafayette Avenue, Ramapo, NY, 10901
$699,999
activeLot Size
8,276 sqft
Year Built
1960
Stories
3
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
131 Lafayette Avenue – Rare Mixed-Use Investment Opportunity! Well-maintained commercial property featuring a first-floor commercial space plus two apartments—a 2-bedroom on the second floor and a studio on the third. Includes a private 8-car parking lot, a rare feature in Suffern. Current rents are $1,850/month for Unit 1, $1,900/month for Unit 2, and $560/month for Unit 3, while current market rents are estimated at approximately $2,500/month, $2,200/month, and $1,350/month, respectively, offering significant upside potential. Current rents reflect only a 4.5% cap rate, with the potential to increase to approximately 7.5% through market-rate rents. Zoned PO-15, offering valuable flexibility for a variety of permitted uses. Offered as part of an 8-property assemblage at a compelling below-market package price—a unique opportunity for investors and developers.
Listed by Aaron Gestetner, MS Realty Group USA, Inc
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Aug 27, 2026, 6:04 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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