Multi Family
131 Lafayette Avenue
Pending · Ramapo · Rockland County, NY 10901
- Year built
- 1960
- Est. monthly taxes
- $1,218.5
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About this home
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.
Listing snapshot
- Days on site
- 59 days
- Listed on MLS
- Aug 17, 2026
- Annual property tax (MLS)
- $14,622
- Tax year
- 2025
- Listing brokerage
- MS Realty Group USA, Inc
- MLS ID
- KEY1038833
- Last updated
- Sep 9, 2026
General features
- Property type
- Multi Family
- Year built
- 1960
- Total parking
- 8
- Parking
- Other, Parking Lot, Shared Driveway
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Trash Collection Private
Interior features
- Basement
- None
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air, Varies by Unit, Wall/Window Unit(s)
- Appliances
- Freezer, Gas Oven, Gas Range, Refrigerator
- Flooring
- Carpet, Hardwood
Exterior features
- Architectural style
- Row Dwelling
- Construction materials
- Brick, Frame, Shingle Siding
Schools (MLS)
- Elementary school
- Richard P Connor Elementary School
- Elementary school district
- Suffern
- Middle school
- Suffern Middle School
- Middle school district
- Suffern
- High school
- Suffern Senior High School
- High school district
- Suffern
School information is provided by the MLS. Confirm attendance eligibility with the school district.
Recent activity
- Listing updated from MLS
- MLS status changed
- First seen on this site
Location
Listing data is supplied by the MLS and may change without notice.