Better Homes and Gardens Rand Realty
Kenneth Rabasco, Better Homes and Gardens Rand RealtyPhone: (914) 844-2885
Email: [email protected]

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listing
1 of 6
CommercialFor Sale
$929,900
391 Piermont Avenue
Piermont, NY 10968
Listed by: Howard Hanna Rand Realty, 914-328-0333
MLS: OneKey MLS
Est. Mortgage
$4,900/mo

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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Information courtesy of Howard Hanna Rand Realty is subject to verification and is not guaranteed.
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