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Investment Highlights

  • Prime location on Piermont Ave., high foot and vehicle traffic.

Executive Summary

Exceptional opportunity to acquire a well-positioned mixed-use commercial and residential property in the heart of the highly sought-after Village of Piermont, NY. This all-brick building offers an attractive combination of residential and commercial income with strong tenant occupancy, making it an excellent investment opportunity. The property features 8 residential apartments, consisting of four one-bedroom apartments and four studio apartments, along with three ground-floor commercial storefronts, providing multiple income streams within one property. Ideally located just steps from the Piermont waterfront and surrounded by the Village’s popular award-winning restaurants, cafés, art galleries, shops and recreational amenities. Nearby Tallman Mountain State Park offers hiking, biking and outdoor recreation, while the Hudson River and Piermont Pier contribute to the unique waterfront lifestyle that continues to make Piermont such a desirable destination. With its all-brick construction, strong occupancy, 11 residential and commercial units, prime Village location and proximity to the Hudson River, 510 Piermont Avenue represents a compelling opportunity for investors seeking an income-producing mixed-use asset in one of Rockland County’s most distinctive river communities.

Data Room Click Here to Access

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $277,224 $138.61
Other Income - -
Vacancy Loss - -
Effective Gross Income $277,224 $138.61
Taxes $51,764 $25.88
Operating Expenses $14,618 $7.31
Total Expenses $66,382 $33.19
Net Operating Income $210,842 $105.42

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $277,224
Annual Per SF $138.61
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $277,224
Annual Per SF $138.61
Taxes
Annual $51,764
Annual Per SF $25.88
Operating Expenses
Annual $14,618
Annual Per SF $7.31
Total Expenses
Annual $66,382
Annual Per SF $33.19
Net Operating Income
Annual $210,842
Annual Per SF $105.42

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$3,699,000
Price Per SF
$1,849.50
Cap Rate
5.70%
NOI
$210,841
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.57
Lot Size
0.08 AC
Zoning
BB
Frontage
35’ on Piermont Avenue

Amenities

  • Corner Lot

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Elisa Design Llc
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Elisa Design Llc Public Administration - - -
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
392405-075-054-0002-025-000-0000
Land Assessment
$32,900 (2024)
Improvements Assessment
$377,200 (2024)
Total Assessment
$410,100 (2024)
Annual Taxes
$51,764 ($25.88/SF)
Tax Year
2025
  • Listing ID: 41717661

  • Date on Market: 8/12/2026

  • Last Updated:

  • Address: 510 Piermont Ave, Piermont, NY 10968

Contact the Sale Advisor

510 Piermont Ave

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