Technical
Financial
Distress signals
Property profile

50 Main St Nyack, NY 10960

OFF-MARKET
Parking lots & garages
Property ID
US63-1248632
0.07 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two adjacent lots totaling 0.15 acres at 50 Main Street, Unit A, in the thriving downtown Nyack, NY. The combined 3,440 square foot property is currently configured as an auto repair shop, but its DMU-2 (Downtown Mixed-Use) zoning allows for a wide range of possibilities, including retail, office, or residential development. Located on a high-visibility section of Main Street, the property benefits from consistent foot traffic and exposure to Nyack's vibrant community. Nyack's reputation as a popular destination, fueled by its thriving arts scene, diverse dining options, and eclectic shops, ensures a strong year-round customer base. The property's prime location offers easy access to major highways and a short commute to New York City. Annual property taxes are $22,302 (Town & Village). This is a rare chance to acquire a significant piece of Nyack's burgeoning commercial landscape, offering substantial potential for growth and return on investment. The property's versatility and location make it an ideal asset for discerning investors and developers seeking to capitalize on Nyack's dynamic market. Don't miss this chance to secure a piece of Nyack's future.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.07 ac (3,049 SF)
Zoning code R-M
APN 392403 66.38-2-30.2
UPID US63-1248632

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

50 Main St Nyack, NY 10960-3204
Nyack metro Census 13102 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

Zoning & alternative use

R-M · Nyack, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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