Listing Agency: Rand Commercial Show Phone

Listed By: Michael Chang · License #10401333755 Show Phone

Source: Neilcharlesrealestate

Added: Oct 18 Changed: Oct 29 Last Checked: Oct 29 at 2:34PM

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Investment Insights

Based on property information with market context.

This 5,060-square-foot restaurant space occupies a downtown corner in Nyack. The main floor includes a dining room with exposed brick, tin ceilings, built-in banquette seating, a service counter, and storefront windows. An equipped commercial kitchen includes stainless steel cooking equipment and an exhaust hood. The lower level adds a preparation area, storage, an office, and two restrooms for restaurant operations.

The property is at 12 N Broadway, with access to Route 59, Route 9W, and the New York State Thruway (I-87/I-287). Restaurants, shops, local businesses, residences, entertainment, and waterfront attractions are described as within walking distance.

Key Highlights

• 5,060‑square‑foot restaurant space at a downtown corner
• Main‑level dining room with exposed brick, tin ceilings, banquette seating, and a service counter
• Commercial kitchen equipped with stainless steel cooking equipment and an exhaust hood

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$234,189

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,683,780 $4.7M

Cap Rate 7%

$3,345,557 $3.3M

Cap Rate 9%

$2,602,100 $2.6M

What to ask about pricing

Market Conditions

NOI Build-Up for 5,060 SF

Gross rent

$334.0K $66.00/SF

− Vacancy

−$21.7K −$4.29/SF

EGI

$312.3K $61.71/SF

− OpEx

−$78.1K −$15.43/SF

NOI

$234.2K $46.28/SF

Area

Rockland County, NY

Vacancy

6.50%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,683,780

Cap Rate 7%

$3,345,557

Cap Rate 9%

$2,602,100

Alternative Uses

Best Use

Specialty Retail

$3.35M

$2.93M – $3.90M (±1% cap)

NOI $234,189 @ 7.0% cap · market cap 4,257.98%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Metal and Stone Jewelers (Bike/Boat/Book/etc) Store My Father's House ... Restaurant My Father’s House ... Restaurant

Suggested Use

Top Pick Furniture & Home Goods Bakery Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

1,893

Businesses Nearby

8k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

7,695 visits/mo 0.5 miles

Demographics for 10960, NY

14,680

Population

6,680

Households

2.2

Avg Household Size

44

Median Age

63%

College-Educated

95%

High-School Grad

4.7 sq mi

ZIP Area

3,123

Density / Sq Mi

$126,404

Median Household Income

$69,067

Median Earnings

$2,148

Median Rent

$662,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing dining, kitchen, and support areas provide a configured restaurant layout.

Where is this conventional restaurant located?

The property is located at 12 N Broadway #Restaurant Nyack, NY.

What are key features of this property?

This property features: 5,060‑square‑foot restaurant space at a downtown corner; Main‑level dining room with exposed brick, tin ceilings, banquette seating, and a service counter; Commercial kitchen equipped with stainless steel cooking equipment and an exhaust hood