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    419-423 Ny-59 Airmont, NY

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    For Sale
    $32,500,000

    Flagship commercial property in Monsey, NY, 100% leased.

    Property size:
    42,800 SF
    Lot size:
    5.04 Acres

    Property Features for 419-423 Ny-59

    General Information

    Size
    42,800 SF
    Lot size
    5.04 Acres

    Source: Triforce Commercial Real Estate Agent Jason Horowitz

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

    Overview

    Monsey Commercial Asset For Sale

    This commercial property, located at 419-423 Route 59 in Monsey, New York, is available for sale for the first time since its construction in 1988. The property includes three buildings totaling approximately 42,800 square feet, situated on 4.93 acres of commercial land. Originally constructed with 46 separately metered commercial units, the property now features 28 functioning spaces due to tenant combinations. The property is currently 100% leased and includes a mix of retail, food service, and professional offices. The tenancy is stable, featuring a blend of national and regional operators, with many long-term occupants. The buildings have been well maintained and offer ample parking, strong street visibility, and convenient access to the broader Rockland County area. There is potential for additional income from untapped basement storage. Subject to verification, the property offers future potential for expansion or redevelopment. Its location and underlying land value make it suitable for long-term investors and strategic users. This property is located in the heart of Monsey's commercial core.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Colonial Square at Airmont, Pavilion 3

    Map

    City
    Airmont
    County
    Rockland
    State
    New York
    Longitude
    -74.1162544
    Latitude
    41.1009293

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    FAQs

    What type of property is this?
    Shopping center - Flagship commercial property in Monsey, NY, 100% leased.
    Where is this shopping center located?
    The property is located at 419-423 Ny-59 Airmont, NY.
    What is the asking price?
    The asking price for this property is $32,500,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Monsey's thriving commercial core.; - 100% leased with a stable mix of national and regional tenants.; - Legacy property offered for sale for the first time since 1988.
    (845) 323-9177
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    Realmo Value Estimation

    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.

    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.

    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
    419-423 Ny-59 Airmont, NY
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