Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Raw Office Space on Main Title is generated by Realmo AI

    345 N Main Street #1-1, New City, NY 10956

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr

    Prime commercial office space with customization potential near shops.

    Added:
    Jun 1, 2023
    Days on Market:
    1086
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 345 N Main Street #1-1

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    JASON HOROWITZ
    JASON HOROWITZ

    Listing agent JASON HOROWITZ License #10491207540

    Listing office TRIFORCE COMMERCIAL RE LLC

    Listing date Jun 1, 2023

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of TRIFORCE COMMERCIAL RE LLC

    HighLights

    • Prime Main Street location.
    • Raw space allows for custom buildout.
    • Abundant natural light.
    • Open floor plan.
    • Adjacent to a park.
    • Close proximity to shops and restaurants.

    Overview

    This commercial office space is located on Main Street, adjacent to a park and near shops and restaurants. The raw space features an open floor plan and natural light from large windows, allowing for customization to suit various business needs and aesthetic preferences. The landlord offers a buildout option at $30 per square foot, with base year tax and CAM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Andrew Kass Dental Office Dynamic Dental Arts ... Dental Office Susan I. Brennan, ... Medical Clinic Michael galgano, IBNA ... Real Estate Agency David S. Wilde, ... Psychotherapist

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    New City
    County
    Rockland
    State
    New York
    Longitude
    -73.9888
    Latitude
    41.1673

    Nearby Similar for Lease

    • $2,000/Mo

      Remodeled Storefront on Main Street

      Move-in ready storefront on S Main St in New City.
      72 S Main St, New City, NY 10956
      View Details
    • Sponsored
      $129-$7,276/Mo
      11-1,292 SF

      NY, New City - Main Street

      254 Main St, New City, NY 10956
      View Details
    • $30 SF/Yr
      1,875 SF

      Prime Retail Space on Main

      Retail space for lease in New City, NY.
      47-53 S Main St, New City, NY 10956
      View Details
    • $850/Mo

      Office Space in New City

      One room available in downtown New City, New York.
      123 Park Avenue, New City, NY 10956
      View Details
    • $5,000/Mo

      Retail Space in New City

      Prime retail location in a busy New City strip mall.
      48 Germonds, New City, NY 10956
      View Details
    • $1,400/Mo
      690 SF

      Move-in Ready Second-Floor Office Suite

      690 sq ft office suite suitable for professional service uses.
      39 Maple Ave, New City, NY, 10956-5014
      View Details
    • $30 SF/Yr
      1,875 SF

      Prime Retail Space on Main

      1,875 SF retail space in New City, NY.
      47-53 S Main Street, New City, NY 10956
      View Details
    • $1,800/Mo

      Route 304 Ground Floor Office

      Ground floor office space on Route 304 available for rent.
      470 Route 304, New City, NY 10956
      View Details
    • Contact for pricing
      690 SF

      Modern Office Space Available

      Updated office space in Rockland County with included amenities.
      39 Maple Ave 2, New City, NY 10956
      View Details
    • $26 SF/Yr
      1,788 SF

      New City Professional Office Condo

      Move-in ready office condo in New City's business district.
      244 N Main Street, New City, NY 10956
      View Details
    • $1,500/Mo

      Bright Corner Office Space

      Corner office space available for rent in New City.
      265 S Little Tor Rd 201, New City, NY 10956
      View Details
    • $850/Mo

      Downtown Commercial Space Available

      Commercial space suitable for various businesses in downtown New City.
      123 Park Ave, New City, NY 10956
      View Details

    FAQs

    What type of property is this?
    Office units - Prime commercial office space with customization potential near shops.
    Where is this office units located?
    The property is located at 345 N Main Street #1-1 New City, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime Main Street location.; Raw space allows for custom buildout.; Abundant natural light.
    (845) 450-6500
    We can help!
    Listing Contact
    JASON HOROWITZ
    JASON HOROWITZ
    Real Estate License ID: 10491207540
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    345 N Main Street #1-1, New City, NY 10956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!