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20 S Broadway 20,000 SF 100% Leased Retail Building Nyack, NY 10960 $6,000,000 ($300/SF) 5% Cap Rate
Investment Highlights
- Value add opportunity
- Great rent roll
- Excellent condition
Executive Summary
This is a sale of real property pursuant to a Bankruptcy Court confirmed plan of liquidation. We are pleased to present this prime Mixed-Use Building located in the heart of Nyack, NY; Rockland County's most desirable waterfront village along the Hudson. Newly constructed in 2008, this elevatored building brings mid-century and modern design elements to the corner of Church Street & South Broadway. With high visibility and exposure from both pedestrian and vehicular traffic, this sprinklered masonry building consists of 20,000 SF. 15,000 SF is distributed over the street level and 2 stories above. The sole NNN retail tenant occupies the entire 5,000 SF of space on the ground floor. The 10,000 SF of residential SF on the upper 2-floors is composed of 10-units; 6 of which are defined by 2-beds and 1-bath, and the remaining 4 are defined by 1-bed and 1-bath. Each residential unit, individually metered for electric, and can be accessed from both the entrances on S Broadway and the parking lot. 3 residential units will be delivered vacant at closing!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$465,000
|
$23.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$465,000
|
$23.25
|
| Taxes |
$94,915
|
$4.75
|
| Operating Expenses |
$70,596
|
$3.53
|
| Total Expenses |
$165,511
|
$8.28
|
| Net Operating Income |
$299,489
|
$14.97
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $465,000 |
| Annual Per SF | $23.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $465,000 |
| Annual Per SF | $23.25 |
| Taxes | |
|---|---|
| Annual | $94,915 |
| Annual Per SF | $4.75 |
| Operating Expenses | |
|---|---|
| Annual | $70,596 |
| Annual Per SF | $3.53 |
| Total Expenses | |
|---|---|
| Annual | $165,511 |
| Annual Per SF | $8.28 |
| Net Operating Income | |
|---|---|
| Annual | $299,489 |
| Annual Per SF | $14.97 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
C
Year Built
2008
Price
$6,000,000
Price Per SF
$300
Cap Rate
5%
NOI
$300,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.70
Lot Size
0.17 AC
Zoning
C1 - Commercial
Parking
10 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
63’ on S Broadway
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tamarind
- Accommodation and Food Services
- 5,000 SF
- $30.00
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tamarind | Accommodation and Food Services | 5,000 SF | $30.00 | Triple Net | - |
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 392403-066-038-0001-054-000-0000 | Total Assessment | $880,600 (2024) |
| Land Assessment | $225,000 (2024) | Annual Taxes | $94,915 ($4.75/SF) |
| Improvements Assessment | $655,600 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
392403-066-038-0001-054-000-0000
Land Assessment
$225,000 (2024)
Improvements Assessment
$655,600 (2024)
Total Assessment
$880,600 (2024)
Annual Taxes
$94,915 ($4.75/SF)
Tax Year
2026
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20 S Broadway
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