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8 N Broadway 5,285 SF 100% Leased Retail Building Nyack, NY 10960 $1,200,000 ($227.06/SF) 7.27% Cap Rate
Investment Highlights
- Heavy daytime foot traffic
- Main retail corridor in Nyack
Executive Summary
Located in the heart of downtown Nyack, 8 North Broadway offers a compelling opportunity to acquire a fully leased mixed-use building in one of Rockland County’s most walkable river villages.
The property comprises approximately 5,285 square feet across three stories, featuring street-level retail space and four (4) one-bedroom residential apartments above. The building is 100% occupied, providing immediate, stabilized income with diversified revenue streams.
Originally constructed in 1920 with masonry construction, the property has been fully sprinklered throughout, including all residential units, and the entire building underwent an updated fire and life-safety inspection in 2020/2021, enhancing long-term operational reliability and lender appeal.
Situated on North Broadway with approximately 75 feet of frontage, the property benefits from exceptional visibility and foot traffic. The location boasts a Walk Score of 93 (“Walker’s Paradise”), placing tenants within immediate proximity to Nyack’s restaurants, shops, and transit options. The site encompasses approximately 0.06 acres and is zoned DMU 1 allowing for a broad range of commercial and residential uses.
The property comprises approximately 5,285 square feet across three stories, featuring street-level retail space and four (4) one-bedroom residential apartments above. The building is 100% occupied, providing immediate, stabilized income with diversified revenue streams.
Originally constructed in 1920 with masonry construction, the property has been fully sprinklered throughout, including all residential units, and the entire building underwent an updated fire and life-safety inspection in 2020/2021, enhancing long-term operational reliability and lender appeal.
Situated on North Broadway with approximately 75 feet of frontage, the property benefits from exceptional visibility and foot traffic. The location boasts a Walk Score of 93 (“Walker’s Paradise”), placing tenants within immediate proximity to Nyack’s restaurants, shops, and transit options. The site encompasses approximately 0.06 acres and is zoned DMU 1 allowing for a broad range of commercial and residential uses.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,400
|
$23.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,400
|
$23.16
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,396
|
$10.86
|
| Net Operating Income |
$65,004
|
$12.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $23.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $23.16 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $57,396 |
| Annual Per SF | $10.86 |
| Net Operating Income | |
|---|---|
| Annual | $65,004 |
| Annual Per SF | $12.30 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,285 SF
Building Class
C
Year Built
1920
Price
$1,200,000
Price Per SF
$227.06
Cap Rate
7.27%
NOI
$87,204
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.02
Lot Size
0.06 AC
Zoning
DMU-1 - DMU-1: Downtown mixed-use zoning allowing ground-floor retail with residential above; promotes walkable, high-density core development.
Frontage
75’ on N Broadway
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 8 North Broadway Restaurant
- Accommodation and Food Services
- -
- -
- -
- Ann M Murray
- Professional, Scientific, and Technical Services
- -
- -
- -
- My Father’s House Southern Cuisine
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 8 North Broadway Restaurant | Accommodation and Food Services | - | - | - | ||
| Ann M Murray | Professional, Scientific, and Technical Services | - | - | - | ||
| My Father’s House Southern Cuisine | Retailer | - | - | - |
Exceptionally walkable
90/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $507,500 (2024) | |
| Land Assessment | $116,600 (2024) | Total Assessment | $624,100 (2024) |
Property Taxes
Parcel Numbers
Land Assessment
$116,600 (2024)
Improvements Assessment
$507,500 (2024)
Total Assessment
$624,100 (2024)
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8 N Broadway
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