Mixed-Use Retail and Residential
98 Main Street Nyack, NY 10960
For Sale
$1,599,999
Pending
MULTI_FAMILY - Nyack, NY
Property Size9,456 SF
Lot Size0.08 Acres
Days on Market105
Property Features for 98 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Rooms
Basement
Parking features
Off Street
Basement
Unfinished
Appliances
Dryer, Oven, Refrigerator, Washer
Standard status
Pending
APN
392403-066-038-0001-022-000-0000
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
38876
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1900
Number of units
5
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Ellis Sotheby's Intl Realty
(845) 353-4250
Listed By:
Alex A Vursta · License #40VU0892886
(845) 641-2525
Added: Apr 14
Changed: Jul 13
Last Checked: Jul 27 at 9:06AM
MLS# 980396
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This south-facing mixed-use property offers five total units, with four residential units situated above a ground-floor retail space. The building is presented as fully stabilized and 100% occupied with long-term tenants. The ground-floor retail area is leased to an established commercial tenant on a 5-year lease, with interest in extending. The residential units are on 12-month leases.
The property is located at 98 Main Street in Nyack, NY and is described as being steps from municipal parking, public transportation, the Hudson River waterfront, and the downtown core. It is zoned C-1.
Operationally, the retail space includes rear access, dedicated parking, and a full basement. The residential portion is described as loft-style with high ceilings, oversized windows, hardwood floors, exposed brick, and in-unit amenities including washer/dryers, along with granite countertops, maple cabinetry, and dishwashers. The offering is described as a stabilized, turnkey investment with little to no capex or deferred maintenance noted by the seller.
The property is located at 98 Main Street in Nyack, NY and is described as being steps from municipal parking, public transportation, the Hudson River waterfront, and the downtown core. It is zoned C-1.
Operationally, the retail space includes rear access, dedicated parking, and a full basement. The residential portion is described as loft-style with high ceilings, oversized windows, hardwood floors, exposed brick, and in-unit amenities including washer/dryers, along with granite countertops, maple cabinetry, and dishwashers. The offering is described as a stabilized, turnkey investment with little to no capex or deferred maintenance noted by the seller.
Key Highlights
- 9,456 sq ft, south‑facing 5‑unit mixed‑use building in the Village of Nyack
- Tenant‑occupied: 4 residential units plus 1 ground‑floor retail unit
- 100% occupied with long‑term tenants; reported ~6% in‑place cap rate
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.6k | $21.00 |
| − Vacancy | −$8.3k | −$0.88 |
| EGI | $190.2k | $20.12 |
| − OpEx | −$57.1k | −$6.04 |
| NOI | $133.2k | $14.08 |
9,456 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$2.21M
$1.94M – $2.58M
NOI $154,966 @ 7.0% cap · market cap 9.69%
Second Best
Retail
$1.90M
$1.66M – $2.22M
NOI $133,165 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$6.25M
$5.47M – $7.29M
NOI $437,647 @ 7.0% cap · market cap 27.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - South-facing mixed-use building with four residential units over a leased ground-floor retail space, fully occupied on long-term terms.
Where is this apartment building located?
The property is located at 98 Main Street Nyack, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: 9,456 sq ft, south‑facing 5‑unit mixed‑use building in the Village of Nyack; Tenant‑occupied: 4 residential units plus 1 ground‑floor retail unit; 100% occupied with long‑term tenants; reported ~6% in‑place cap rate
