391 Piermont Avenue, Piermont, New York 10968 (MLS# H6211059)
Commercial Sale listing in Rockland County
Listing IDH6211059
Sold For$844,000
StatusClosed
Sold Date7/20/2023
CountyRockland
Year Built1912
Property TypeCommercial Sale
Property Sub TypeMixed Use
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.
County
Rockland
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1912
Current Use
Mixed Use
Mls Status
U
Village
Piermont
Area Units
Square Feet
Building Size
1
Cooling
no
Cooling Type
None
Heating
Natural Gas, Baseboard
Hot Water Features
Gas Stand Alone
Number Of Heating Zones
3
Square Footage
2845.00
Elementary School District
South Orangetown
Hamlet
Piermont
High School District
South Orangetown
Location Description
First Floor,Second Floor
Middle Or Junior School District
South Orangetown
MLS Area Minor
99
Township
Orangetown
Zoning Description
multi use downtown
Lot Size Units
Acres
Number Of Buildings
1
Number Of Units Total
3
Sewer
Public Sewer
State Or Province
NY
Water Source
Public
High Price Dollars
899999
Modifications Exclusions
None
Tax Annual Amount
17289
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