112 Paradise Ave · Piermont, NY 10968

$399,000

3 bd · 2.0 ba · 1,986 sqft · MultiFamily public records · 119 Days on market

Built 1886 0.31 ac lot $201/sqft · 59% below area

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +10.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Schools +5.5/10.0
• Livability +3.4/5.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

"PIERMONT PARADISO" - NO INTERIOR SHOWINGS - BUILDABLE WATER VIEW LOT WITH MODERN PLANS & ACCESS TO PIERMONT PIER - JUST IMAGINE... Welcome to 112 Paradise Avenue, an extraordinary opportunity to reimagine and rebuild in one of the most romantic enclaves of the Rivertown Village of Piermont, NY. Nestled on a quiet street in the historic Bogertown neighborhood, this level .31-acre lot offers breathtaking, unobstructed panoramic views of the Hudson River and the Piermont Marsh—a living masterpiece that transforms with the seasons. Once a legal two-family home, this property has since been rezoned as a single-family residence, offering a unique canvas for your architectural vision. This lot will be sold with schematic plans and renderings from prolific local modern architect who can also be hired to complete or change the buyers vision. Although the plans for this 4200 SF modern masterpiece are not approved, they were carefully designed to work within the setbacks of the lot and what could be built as of right on this extraordinary site. Imagine connecting the main residence to the existing barn structure on the property that could become an artist's studio/retreat... Current plans boast 3 full suites and ample outdoor spaces. Whether you're a discerning buyer seeking to craft a custom nature lovers retreat, or a developer eager to build a one-of-a-kind new construction, this exceptional parcel presents boundless possibilities. The existing 3-bedroom, 2-bath home spans nearly 2,000 square feet, but the real magic lies in the opportunity to start fresh and take advantage of one of the largest parcels of land on Paradise Ave, walking distance to the Village of Piermont, and footsteps to the pier, river and marsh. A new home built on this property must be constructed on pilings due to FEMA regulations, allowing for an elevated perspective that captures some of the most striking views in Rockland County. Imagine waking up to golden sunrises over the Hudson, unwinding on your private deck overlooking a protected bird sanctuary, or watching the sky reflect on the marsh waters—like living in a perpetual mural that changes by the season. Located just 30 minutes from New York City and minutes from the Mario Cuomo Bridge, Westchester, and New Jersey, Piermont offers the perfect blend of tranquility and accessibility. This picturesque Hudson River town is known for its vibrant arts scene, award-winning restaurants, and boutique shops—a charming retreat where city dwellers find peace without sacrificing convenience. From farmers markets and waterfront parks, to kayaking on the Sparkill Creek and hiking Tallman Mountain, the lifestyle here is as dynamic as it is serene. "Bogertown," home to 112 Paradise Ave, is a historic early 19th-century hamlet, sitting between the salt marsh and Piermont’s famous 4,000-foot pier, making it one of the most sought-after locations in the Rivertowns. As the New York Times describes, Piermont is "a refuge for artists, musicians, authors, and others seeking a peaceful respite from the clamor of everyday life." 112 Paradise Avenue is more than just a property—it's a rare chance to build a home that harmonizes with nature, history, and modern luxury. Whether you're looking to create a weekend escape, full-time residence, or investment opportunity, this lot offers a once-in-a-lifetime setting that is impossible to replicate. Existing home is barely salvageable and must be torn down. Property to be sold 100% as is, cash or construction loans only. Exterior showings only. New home will have to be elevated as property falls within AE flood zone.

Key facts

• 0.31 acre lot
• Built 1886
• Listed 119 days

Tags

• BUILDABLE WATER VIEW LOT
• ACCESS TO PIERMONT PIER
• LARGEST PARCELS OF LAND
• WALKING DISTANCE TO VILLAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $399k.

Deal economics

• At list price, monthly cash flow is $-638 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $328k (17.8% below list).
• Meets the 1% rule at list price ($4k rent vs $399k).
• Recommended offer: $328k (17.8% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 0.4% in Piermont — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#571 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing B; Watch: schools C-, amenities F, commute F.
• South Orangetown Central School District (suburban): math 52% / reading 66% proficiency, ranked #183 of 590 in NY (top 31%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: 29 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 429 units permitted in Rockland County in 2024 (231 in 5+ unit buildings).
• This rent runs 36% of the median local income ($145k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Rockland County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($363k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $295k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; flood insurance adds $427/mo; built in 1886 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $328,056 (17.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1886 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 5.66%
• Cash-on-cash: -2.27%
• DSCR: 0.90
• GRM: 7.7

CMA / ARV

• ARV (median comp): $984,174
• List price: $399,000
• Delta: -59.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -27.8%
• Equity multiple: 0.07×
• Total profit: $-104,413
• Equity at exit: $59,492

10-year hold

• IRR: -25.3%
• Equity multiple: -0.25×
• Total profit: $-139,728
• Equity at exit: $34,498

Cash invested: $111,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10968

• Home prices YoY: -24.4%
• Active inventory: 29
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $4,322 medium
• Mortgage (P&I): −$2,092
• Tax from tax record: −$1,367 /mo · $16,403/yr
• Insurance: −$166
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$908
• Net cashflow: $-638

Break-even live

Break-even rent $5,129

Max offer price $328,056

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $99,750
• Closing costs: $11,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
351 Piermont Ave Piermont, NY	3.0	1.5	1694	$5,295	$3.13	1d	1	0.34mi
306 Piermont Ave Piermont, NY	3.0	2.0	1375	$3,950	$2.87	18d	1	0.44mi
1 W Lawrence Park Dr #12 Piermont, NY	2.0	2.0	1400	$2,850	$2.04	13d	1	0.88mi

Listing history 33 events

1. 2026-06-18
   days on market $399,000 Active 119 DOM
2. 2026-06-17
   days on market $399,000 Active 118 DOM
3. 2026-06-16
   days on market $399,000 Active 117 DOM
4. 2026-06-15
   days on market $399,000 Active 116 DOM
5. 2026-06-13
   days on market $399,000 Active 114 DOM
6. 2026-06-13
   days on market $399,000 Active 113 DOM
7. 2026-06-09
   days on market $399,000 Active 110 DOM
8. 2026-06-08
   days on market $399,000 Active 109 DOM
9. 2026-06-07
   days on market $399,000 Active 108 DOM
10. 2026-06-04
    days on market $399,000 Active 105 DOM
11. 2026-06-03
    days on market $399,000 Active 104 DOM
12. 2026-06-02
    days on market $399,000 Active 103 DOM
13. 2026-06-01
    days on market $399,000 Active 102 DOM
14. 2026-05-31
    days on market $399,000 Active 101 DOM
15. 2026-02-19
    listed $399,000 Active 3694-char remark

    Show marketing remark (3694 chars)

    "PIERMONT PARADISO" - NO INTERIOR SHOWINGS - BUILDABLE WATER VIEW LOT WITH MODERN PLANS & ACCESS TO PIERMONT PIER - JUST IMAGINE... Welcome to 112 Paradise Avenue, an extraordinary opportunity to reimagine and rebuild in one of the most romantic enclaves of the Rivertown Village of Piermont, NY. Nestled on a quiet street in the historic Bogertown neighborhood, this level .31-acre lot offers breathtaking, unobstructed panoramic views of the Hudson River and the Piermont Marsh—a living masterpiece that transforms with the seasons. Once a legal two-family home, this property has since been rezoned as a single-family residence, offering a unique canvas for your architectural vision. This lot will be sold with schematic plans and renderings from prolific local modern architect who can also be hired to complete or change the buyers vision. Although the plans for this 4200 SF modern masterpiece are not approved, they were carefully designed to work within the setbacks of the lot and what could be built as of right on this extraordinary site. Imagine connecting the main residence to the existing barn structure on the property that could become an artist's studio/retreat... Current plans boast 3 full suites and ample outdoor spaces. Whether you're a discerning buyer seeking to craft a custom nature lovers retreat, or a developer eager to build a one-of-a-kind new construction, this exceptional parcel presents boundless possibilities. The existing 3-bedroom, 2-bath home spans nearly 2,000 square feet, but the real magic lies in the opportunity to start fresh and take advantage of one of the largest parcels of land on Paradise Ave, walking distance to the Village of Piermont, and footsteps to the pier, river and marsh. A new home built on this property must be constructed on pilings due to FEMA regulations, allowing for an elevated perspective that captures some of the most striking views in Rockland County. Imagine waking up to golden sunrises over the Hudson, unwinding on your private deck overlooking a protected bird sanctuary, or watching the sky reflect on the marsh waters—like living in a perpetual mural that changes by the season. Located just 30 minutes from New York City and minutes from the Mario Cuomo Bridge, Westchester, and New Jersey, Piermont offers the perfect blend of tranquility and accessibility. This picturesque Hudson River town is known for its vibrant arts scene, award-winning restaurants, and boutique shops—a charming retreat where city dwellers find peace without sacrificing convenience. From farmers markets and waterfront parks, to kayaking on the Sparkill Creek and hiking Tallman Mountain, the lifestyle here is as dynamic as it is serene. "Bogertown," home to 112 Paradise Ave, is a historic early 19th-century hamlet, sitting between the salt marsh and Piermont’s famous 4,000-foot pier, making it one of the most sought-after locations in the Rivertowns. As the New York Times describes, Piermont is "a refuge for artists, musicians, authors, and others seeking a peaceful respite from the clamor of everyday life." 112 Paradise Avenue is more than just a property—it's a rare chance to build a home that harmonizes with nature, history, and modern luxury. Whether you're looking to create a weekend escape, full-time residence, or investment opportunity, this lot offers a once-in-a-lifetime setting that is impossible to replicate. Existing home is barely salvageable and must be torn down. Property to be sold 100% as is, cash or construction loans only. Exterior showings only. New home will have to be elevated as property falls within AE flood zone.

16. 2025-04-10
    soldstatus $295,000 Closed 3045-char remark

    Show marketing remark (3045 chars)

    "PARADISE IN PIERMONT" - NO INTERIOR SHOWINGS. Home must be torn down and new home will have to be raised. Welcome to 112 Paradise Avenue, an extraordinary opportunity to reimagine and rebuild in one of the most coveted enclaves of the Rivertown village of Piermont, NY. Nestled at the end of a quiet cul-de-sac in the historic Bogertown neighborhood, this level .31-acre lot offers breathtaking, unobstructed panoramic views of the Hudson River and the Piermont Marsh- a living masterpiece that transforms with the seasons. Once a legal two-family home, this property has since been rezoned as a single-family residence, offering a unique canvas for your architectural vision. Whether you're a discerning buyer seeking to craft a stunning custom retreat or a developer eager to build a one-of-a-kind new construction, this exceptional parcel presents boundless possibilities. The existing 3-bedroom, 2-bath home spans nearly 2,000 square feet, but the real magic lies in the opportunity to start fresh. A new home built on this property must be constructed on pilings, allowing for an elevated perspective that captures some of the most striking views in Rockland County. Imagine waking up to golden sunrises over the Hudson, unwinding on your private deck overlooking a protected bird sanctuary, or watching the sky reflect on the marsh waters- all from the comfort of your custom-built sanctuary. Additionally, there's potential to reconvert the property back to a two-family residence, offering excellent income-producing or multi-generational living options (subject to approvals). With ample space for parking and a detached build option, the site is ideal for an expansive and modern waterfront home. Located just 30 minutes from New York City and minutes from the Mario Cuomo Bridge, Westchester, and New Jersey, Piermont offers the perfect blend of tranquility and accessibility. This picturesque Hudson River town is known for its vibrant arts scene, award-winning restaurants, and boutique shops-a charming retreat where city dwellers find peace without sacrificing convenience. From farmers markets and waterfront parks to kayaking on the Sparkill Creek and hiking Tallman Mountain, the lifestyle here is as dynamic as it is serene. Bogertown, a historic early 19th-century hamlet, sits between the salt marsh and Piermont’s famous 4,000-foot pier, making it one of the most sought-after locations in the Rivertowns. As the New York Times describes, Piermont is "a refuge for artists, musicians, authors, and others seeking a peaceful respite from the clamor of everyday life." 112 Paradise Avenue is more than just a property- it's a rare chance to build a home that harmonizes with nature, history, and modern luxury. Whether you're looking to create a weekend escape, full-time residence, or investment opportunity, this lot offers a once-in-a-lifetime setting that is impossible to replicate. Don't miss your chance to own a piece of paradise in Piermont. Home must be sold as is. Located in flood zone.

17. 2025-04-10
    soldstatus $295,000

    Show marketing remark (3045 chars)

    "PARADISE IN PIERMONT" - NO INTERIOR SHOWINGS. Home must be torn down and new home will have to be raised. Welcome to 112 Paradise Avenue, an extraordinary opportunity to reimagine and rebuild in one of the most coveted enclaves of the Rivertown village of Piermont, NY. Nestled at the end of a quiet cul-de-sac in the historic Bogertown neighborhood, this level .31-acre lot offers breathtaking, unobstructed panoramic views of the Hudson River and the Piermont Marsh- a living masterpiece that transforms with the seasons. Once a legal two-family home, this property has since been rezoned as a single-family residence, offering a unique canvas for your architectural vision. Whether you're a discerning buyer seeking to craft a stunning custom retreat or a developer eager to build a one-of-a-kind new construction, this exceptional parcel presents boundless possibilities. The existing 3-bedroom, 2-bath home spans nearly 2,000 square feet, but the real magic lies in the opportunity to start fresh. A new home built on this property must be constructed on pilings, allowing for an elevated perspective that captures some of the most striking views in Rockland County. Imagine waking up to golden sunrises over the Hudson, unwinding on your private deck overlooking a protected bird sanctuary, or watching the sky reflect on the marsh waters- all from the comfort of your custom-built sanctuary. Additionally, there's potential to reconvert the property back to a two-family residence, offering excellent income-producing or multi-generational living options (subject to approvals). With ample space for parking and a detached build option, the site is ideal for an expansive and modern waterfront home. Located just 30 minutes from New York City and minutes from the Mario Cuomo Bridge, Westchester, and New Jersey, Piermont offers the perfect blend of tranquility and accessibility. This picturesque Hudson River town is known for its vibrant arts scene, award-winning restaurants, and boutique shops-a charming retreat where city dwellers find peace without sacrificing convenience. From farmers markets and waterfront parks to kayaking on the Sparkill Creek and hiking Tallman Mountain, the lifestyle here is as dynamic as it is serene. Bogertown, a historic early 19th-century hamlet, sits between the salt marsh and Piermont’s famous 4,000-foot pier, making it one of the most sought-after locations in the Rivertowns. As the New York Times describes, Piermont is "a refuge for artists, musicians, authors, and others seeking a peaceful respite from the clamor of everyday life." 112 Paradise Avenue is more than just a property- it's a rare chance to build a home that harmonizes with nature, history, and modern luxury. Whether you're looking to create a weekend escape, full-time residence, or investment opportunity, this lot offers a once-in-a-lifetime setting that is impossible to replicate. Don't miss your chance to own a piece of paradise in Piermont. Home must be sold as is. Located in flood zone.

18. 2025-03-12
    status Pending 3045-char remark

    Show marketing remark (3045 chars)

    "PARADISE IN PIERMONT" - NO INTERIOR SHOWINGS. Home must be torn down and new home will have to be raised. Welcome to 112 Paradise Avenue, an extraordinary opportunity to reimagine and rebuild in one of the most coveted enclaves of the Rivertown village of Piermont, NY. Nestled at the end of a quiet cul-de-sac in the historic Bogertown neighborhood, this level .31-acre lot offers breathtaking, unobstructed panoramic views of the Hudson River and the Piermont Marsh- a living masterpiece that transforms with the seasons. Once a legal two-family home, this property has since been rezoned as a single-family residence, offering a unique canvas for your architectural vision. Whether you're a discerning buyer seeking to craft a stunning custom retreat or a developer eager to build a one-of-a-kind new construction, this exceptional parcel presents boundless possibilities. The existing 3-bedroom, 2-bath home spans nearly 2,000 square feet, but the real magic lies in the opportunity to start fresh. A new home built on this property must be constructed on pilings, allowing for an elevated perspective that captures some of the most striking views in Rockland County. Imagine waking up to golden sunrises over the Hudson, unwinding on your private deck overlooking a protected bird sanctuary, or watching the sky reflect on the marsh waters- all from the comfort of your custom-built sanctuary. Additionally, there's potential to reconvert the property back to a two-family residence, offering excellent income-producing or multi-generational living options (subject to approvals). With ample space for parking and a detached build option, the site is ideal for an expansive and modern waterfront home. Located just 30 minutes from New York City and minutes from the Mario Cuomo Bridge, Westchester, and New Jersey, Piermont offers the perfect blend of tranquility and accessibility. This picturesque Hudson River town is known for its vibrant arts scene, award-winning restaurants, and boutique shops-a charming retreat where city dwellers find peace without sacrificing convenience. From farmers markets and waterfront parks to kayaking on the Sparkill Creek and hiking Tallman Mountain, the lifestyle here is as dynamic as it is serene. Bogertown, a historic early 19th-century hamlet, sits between the salt marsh and Piermont’s famous 4,000-foot pier, making it one of the most sought-after locations in the Rivertowns. As the New York Times describes, Piermont is "a refuge for artists, musicians, authors, and others seeking a peaceful respite from the clamor of everyday life." 112 Paradise Avenue is more than just a property- it's a rare chance to build a home that harmonizes with nature, history, and modern luxury. Whether you're looking to create a weekend escape, full-time residence, or investment opportunity, this lot offers a once-in-a-lifetime setting that is impossible to replicate. Don't miss your chance to own a piece of paradise in Piermont. Home must be sold as is. Located in flood zone.

19. 2025-01-31
    listed $295,000 Active 3045-char remark

    Show marketing remark (3045 chars)

    "PARADISE IN PIERMONT" - NO INTERIOR SHOWINGS. Home must be torn down and new home will have to be raised. Welcome to 112 Paradise Avenue, an extraordinary opportunity to reimagine and rebuild in one of the most coveted enclaves of the Rivertown village of Piermont, NY. Nestled at the end of a quiet cul-de-sac in the historic Bogertown neighborhood, this level .31-acre lot offers breathtaking, unobstructed panoramic views of the Hudson River and the Piermont Marsh- a living masterpiece that transforms with the seasons. Once a legal two-family home, this property has since been rezoned as a single-family residence, offering a unique canvas for your architectural vision. Whether you're a discerning buyer seeking to craft a stunning custom retreat or a developer eager to build a one-of-a-kind new construction, this exceptional parcel presents boundless possibilities. The existing 3-bedroom, 2-bath home spans nearly 2,000 square feet, but the real magic lies in the opportunity to start fresh. A new home built on this property must be constructed on pilings, allowing for an elevated perspective that captures some of the most striking views in Rockland County. Imagine waking up to golden sunrises over the Hudson, unwinding on your private deck overlooking a protected bird sanctuary, or watching the sky reflect on the marsh waters- all from the comfort of your custom-built sanctuary. Additionally, there's potential to reconvert the property back to a two-family residence, offering excellent income-producing or multi-generational living options (subject to approvals). With ample space for parking and a detached build option, the site is ideal for an expansive and modern waterfront home. Located just 30 minutes from New York City and minutes from the Mario Cuomo Bridge, Westchester, and New Jersey, Piermont offers the perfect blend of tranquility and accessibility. This picturesque Hudson River town is known for its vibrant arts scene, award-winning restaurants, and boutique shops-a charming retreat where city dwellers find peace without sacrificing convenience. From farmers markets and waterfront parks to kayaking on the Sparkill Creek and hiking Tallman Mountain, the lifestyle here is as dynamic as it is serene. Bogertown, a historic early 19th-century hamlet, sits between the salt marsh and Piermont’s famous 4,000-foot pier, making it one of the most sought-after locations in the Rivertowns. As the New York Times describes, Piermont is "a refuge for artists, musicians, authors, and others seeking a peaceful respite from the clamor of everyday life." 112 Paradise Avenue is more than just a property- it's a rare chance to build a home that harmonizes with nature, history, and modern luxury. Whether you're looking to create a weekend escape, full-time residence, or investment opportunity, this lot offers a once-in-a-lifetime setting that is impossible to replicate. Don't miss your chance to own a piece of paradise in Piermont. Home must be sold as is. Located in flood zone.

20. 2024-09-28
    historical
21. 2024-04-29
    listed $325,000 Active
22. 2023-07-19
    listed $249,000 Active
23. 2018-09-26
    historical
24. 2018-04-15
    listed $425,000 Active
25. 2014-12-31
    historical
26. 2014-11-23
    historical Temporarily off Market
27. 2014-06-26
    historical Withdrawn
28. 2014-06-26
    historical
29. 2014-06-23
    listed Active
30. 2014-06-23
    listed Active
31. 2014-06-23
    listed $575,000
32. 2014-06-23
    listed $575,000
33. 2003-01-03
    soldstatus $300,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $16,403 · $1,367/mo
• Projected year-2 tax: $16,403 · $1,367/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,863
• − Mortgage interest: −$22,350
• − Property taxes: −$16,403
• − Insurance: −$7,114
• − Repairs & maintenance: −$4,149
• − Management: −$4,149
• − Depreciation: −$11,607
• Taxable loss: −$13,909
• Est. tax savings @ 24.0%: +$3,338
• After-tax cash flow: $-4,315/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: South Orangetown Central School District
• NCES district ID: 3627450
• Math proficiency: 52% ▼ -15.00%
• Reading proficiency: 66% ▲ 4.00%
• Median HH income: $102,606
• Composite: 55.22/100
• National rank: #1270
• State rank: #183 of 590 in NY

Livability — Piermont

• Score: 67/100
• State rank: #571
• US rank: #10275

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing B Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Piermont, NY
• County: Rockland County · 98,828 people
• City population: 2,456
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 2,456
• Household income: $145,000
• Rent vs Own: 33.2% rent · 66.8% own
• Severe rent burden: 82.0

Population outlook (Rockland County) Hauer SSP2

• Today (2025): 339,642 people
• By 2030: 345,987 · +1.9%
• By 2040: 357,178 · +5.2%
• By 2050: 362,456 · +6.7%
• By 2075: 367,281 · +8.1%
• By 2100: 328,211 · -3.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Asian 10% Hispanic / Latino 5% Two or more races 3% Black 1%
• Common ancestry: Romanian 7% Scotch-Irish 5% Lithuanian 4%
• Foreign-born: 12% · South Korea, Canada, China
• Languages at home: 87% English-only · Korean 6% Other Indo-European 2% Spanish 2%

Political lean MEDSL · Rockland

• 2024 margin: R (+11.8) · D 44.1% · R 55.9%
• 2008→2024 swing: -17.7pp toward R · 2008: 5.9pp · 2024: -11.8pp
• All cycles: 2024: R+11.8 2020: D+1.7 2016: D+5.1 2012: D+6.6 2008: D+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.10%
• Current HPI: 223.2897
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+33.0% since first listed

19 events — show timeline

• 2026-02-19 Listed $399,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-10 Sold (Public Records) $295,000 Public Records
• 2025-04-10 Sold (MLS) $295,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-01-31 Listed $295,000 OneKey® MLS as Distributed by MLS Grid
• 2024-09-28 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-04-29 Listed $325,000 OneKey® MLS as Distributed by MLS Grid
• 2023-07-19 Listed $249,000 OneKey® MLS as Distributed by MLS Grid
• 2018-09-26 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2018-04-15 Listed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2014-12-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-11-23 Delisted — HGMLS
• 2014-06-26 Delisted — HGMLS
• 2014-06-26 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-06-23 Listed — HGMLS
• 2014-06-23 Listed — HGMLS
• 2014-06-23 Listed $575,000 OneKey® MLS as Distributed by MLS Grid
• 2014-06-23 Listed $575,000 OneKey® MLS as Distributed by MLS Grid
• 2003-01-03 Sold (Public Records) $300,000 Public Records

Property tax history

-2.4%/yr

Latest (2025): $16,403 · +60.0% YoY. Source: county tax records.