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30-34 New St 7,495 SF 100% Leased Retail Building Nyack, NY 10960 $2,650,000 ($353.57/SF) 6.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Primed for further multifamily conversion
- Plenty of on-site parking
- Terrific proximity to downtown Nyack
EXECUTIVE SUMMARY
Exceptional mixed-use investment in the heart of downtown Nyack. This ±7,400 SF DMU-2 zoned building is anchored by two established commercial tenants — a full-scale laundromat and a 27-year operating auto repair/body shop The property also includes a separate ±0.07 acre parking parcel, enhancing both utility and long-term redevelopment potential.
The upper floors provide stable and value-add residential and commercial income. A 900 SF third-floor apartment is currently leased, generating immediate cash flow. In addition, the second floor has four commercial leases in place including a recording studio, two storage units, and a graphics design studio.
The upper floors provide stable and value-add residential and commercial income. A 900 SF third-floor apartment is currently leased, generating immediate cash flow. In addition, the second floor has four commercial leases in place including a recording studio, two storage units, and a graphics design studio.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,495 SF
Building Class
C
Year Built/Renovated
1987/2009
Price
$2,650,000
Price Per SF
$353.57
Cap Rate
6.49%
NOI
$172,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.32
Lot Size
0.13 AC
Zoning
C-1 - Neighborhood Commercial districts that allow for small-scale retail, restaurants, and services to serve the daily needs of a residential neighborhood.
Frontage
58’ on New St
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 392403-066-030-0003-069-000-0000 | Improvements Assessment | $340,200 |
| Land Assessment | $42,900 | Total Assessment | $383,100 |
PROPERTY TAXES
Parcel Number
392403-066-030-0003-069-000-0000
Land Assessment
$42,900
Improvements Assessment
$340,200
Total Assessment
$383,100
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Presented by
ZORA REI
30-34 New St
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