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Property profile & analytics
FOR SALE
Investment properties

42 Burd St Nyack, NY 10960

7,488 SF 0.08 ac lot Built 1910
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-2319261
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully approved residential development project in the vibrant town of Nyack, New York. Located at 42 Burd Street, the property encompasses a 0.08-acre lot and includes a vacant 2,600 square foot, two-story commercial office building primed for conversion. All necessary approvals, architectural plans, engineering work, and building permits are in place, making this a truly shovel-ready project. The development plan outlines four (4) spacious one-bedroom units, each measuring approximately 650 square feet. Each unit boasts a comfortable living room, a well-appointed kitchen, a full bathroom, a convenient laundry closet, and a private walk-out covered balcony offering breathtaking views of the Hudson River and the iconic Tappan Zee Bridge. Ample on-site parking is provided for both residents and their guests. The property's prime location, just one block from the bustling downtown area of Nyack and a single block from the Hudson River, ensures unparalleled convenience and access to the area's natural beauty. This is a rare chance to acquire a fully permitted, ready-to-build multifamily development in a highly desirable location. The combination of stunning views, convenient location, and streamlined development process makes this an exceptional investment opportunity.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Total area 7,488 SF
Lot 0.08 ac (3,485 SF)
Zoning code R-M
APN 392403 66.38-2-53
UPID US63-2319261
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rockland Same Day Garage Door Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$945k
Comparable Approach Comparable
$686k
Blend (final) Blend
$965k
Owner & transaction history
Gisondi Family LP · 8 yrs held
Gisondi Family LP
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
R-M · Nyack, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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