391 Piermont Avenue, Piermont, NY 10968
- $844,000
- Sold Price
- $844,000
- Days on Market
- 303
- Closing Date
- Jul 20, 2023
- MLS#
- H6211059
- Status
- CLOSED
- Property Type
- Mixed Use
- Year Built
- 1912
- Property Tax
- $17,289
- Neighborhood
- 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.
Additional Information
- Heating
- Natural Gas, Baseboard
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Victor M. Polce (victor.polce@randrealty.com) from Listing Office: Howard Hanna Rand Realty.
Selling Office: Howard Hanna Rand Realty.Information Copyright 2024, OneKey® MLS. All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS.