Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    66 S Franklin St Nyack, NY 10960

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,800 /Mo

    Storefront for rent, perfect for client-based office.

    Lot size:
    0.08 Acres

    Property Features for 66 S Franklin St

    General Information

    Standard status
    Active
    Lot size
    0.08 Acres

    Building Details

    Year built
    1892

    We can help!

    Listing Contact
    Eli T. Gubitz
    Source: Corcoran

    Listing Agent: Eli T. Gubitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Storefront for Rent

    This storefront is available for rent on a quiet corner, conveniently located near amenities. It is suitable for an office that receives frequent client visits. The tenant is responsible for gas and electricity expenses, while the owner covers water costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allred Studio Wedding Service McManus Group | Kitchen ... Hardware & Home Improvement

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mayuri's Floral Design, Foliage & Flora, Little Flower Shop of Nyack, Dr. Raphael Flowers, DO

    Location Insight

    • Map
    • Local Demand
    City
    Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.9221092
    Latitude
    41.0888326

    Nearby Similar for Lease

    • New
      $6,675 /Mo
      8,276 SF

      Refined Industrial Office Suite

      Six-room office suite with Hudson River views in Nyack.
      38 High Ave, Nyack, NY 10960
      View Details
    • New
      $2,400 /Mo
      38,333 SF

      Retail Space in Central Nyack

      Retail space in a 10-store strip mall on Route 59.
      298 Ny-59, Nyack, NY 10960
      View Details
    • $1,850 /Mo
      16,988 SF

      Office Space in Iconic Building

      Office space available in a high-visibility, well-located building.
      282 S Broadway, Nyack, NY 10960
      View Details
    • $3,000 /Mo
      7,405 SF

      Renovated Storefront in Downtown Nyack

      Prime commercial space in Nyack with high visibility and foot traffic.
      292 Main St Unit, Nyack, NY 10960
      View Details
    • $2,500 /Mo
      500 SF

      Nyack Storefront with Recent Renovations

      Recently renovated mixed-use storefront in Nyack with ample storage.
      67 Main St, Nyack, NY 10960
      View Details
    • $3,000 /Mo
      1,742 SF

      Retail Space in Nyack, NY

      Retail space with high visibility and foot traffic in Nyack.
      7 S Broadway, Nyack, NY 10960
      View Details
    • $6,250 /Mo
      2,100 SF

      Prime Corner Commercial Space Available

      High-visibility retail/office/medical space for lease in Nyack, NY.
      2 S Highland Ave, Nyack, NY 10960
      View Details
    • $3,000 /Mo
      1,500 SF

      Corner Commercial Space in Nyack

      Prime retail, office, or medical space with high visibility.
      2 S Highland Ave, Nyack, NY 10960
      View Details
    • $595 /Mo
      60 SF

      Downtown Nyack Office Space Available

      Second floor office with new hardwood floors and great deck.
      70 N Broadway, Nyack, NY 10960
      View Details
    • $1,400 /Mo

      Versatile Office Space in Nyack

      Office space with loft-like design, close to Main Street.
      13A Catherine St, Nyack, NY 10960
      View Details
    • Contact for pricing
      760 SF

      Versatile Office Space in Nyack

      760 sq ft office space near Main Street.
      168-172 Main St, Nyack, NY 10960
      View Details
    • Contact for pricing

      Two-Level Neighborhood Strip Center

      65,690 SF retail space with high-traffic location and ample parking.
      282 Ny-59, Nyack, NY
      View Details

    FAQs

    What type of property is this?
    Storefront property - Storefront for rent, perfect for client-based office.
    Where is this storefront property located?
    The property is located at 66 S Franklin St Nyack, NY.
    What are key features of this property?
    This property features: - Storefront location on a quiet corner.; - Ideal for client-facing office.; - Convenient access to amenities.
    (845) 999-3948
    Request Owner's contact information
    66 S Franklin St Nyack, NY 10960
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    66 S Franklin St
    Nyack, NY 10960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    66 S Franklin St Nyack, NY 10960
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eli T. Gubitz
    (845) 999-3948 (914) 712-6330
    Learn more
    Google sign-in failed. Please try again or use another login method.