Flex Condominium with Drive-In
121 West Nyack Road #Suite 5 Nanuet, NY 10954
For Sale
$735,000
Commercial condo features private rooms, reception area, and a built-in drive-in garage door with added upper-level storage.
Property Size3,120 SF
Price / SF$235.58
Days on Market62
Property Features for 121 West Nyack Road #Suite 5
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Commercial
Listing Agency:
Nova North Commercial
(914) 261-0129
Listed By:
Helene Carey
(914) 261-0129
Source:
Cohenandcohenrealty
Added: May 29
Changed: Jul 28
Last Checked: Jul 28 at 11:26AM
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 Nova North Commercial
Investment Insights
Based on property information with market context.
This ±3,120 SF commercial condominium is designed for medical, professional office, or light industrial/flex use. The suite includes multiple private rooms and a reception area, supported by a functional interior layout.
A built-in drive-in garage door provides convenient access, and the property also offers approximately 3,000 SF of additional upper-level storage space. On-site parking is available, with convenient access to major roadways. The unit is located at 121 West Nyack Road, Suite 5, in Nanuet, NY 10954.
A built-in drive-in garage door provides convenient access, and the property also offers approximately 3,000 SF of additional upper-level storage space. On-site parking is available, with convenient access to major roadways. The unit is located at 121 West Nyack Road, Suite 5, in Nanuet, NY 10954.
Key Highlights
- 3,120 SF commercial condominium with a layout suited for medical, professional office, or light industrial/flex use
- Includes multiple private rooms plus a reception area for client‑facing and office space
- Built‑in drive‑in garage door for convenient loading or after‑hours access
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.4k | $26.40 |
| − Vacancy | −$6.2k | −$1.98 |
| EGI | $76.2k | $24.42 |
| − OpEx | −$26.7k | −$8.55 |
| NOI | $49.5k | $15.87 |
3,120 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,979 @ 7.0% cap · market cap 12.11%
Second Best
Healthcare Medical
$1.03M
$899.3K – $1.20M
NOI $71,941 @ 7.0% cap · market cap 9.79%
Theoretical Best
Specialty Retail
$2.06M
$1.81M – $2.41M
NOI $144,401 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Moe's Southwest Grill — 100 NY-59, Nanuet, NY 10954
Frequently Asked Questions
What type of property is this?
Flex space - Commercial condo features private rooms, reception area, and a built-in drive-in garage door with added upper-level storage.
Where is this flex space located?
The property is located at 121 West Nyack Road #Suite 5 Nanuet, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 3,120 SF commercial condominium with a layout suited for medical, professional office, or light industrial/flex use; Includes multiple private rooms plus a reception area for client‑facing and office space; Built‑in drive‑in garage door for convenient loading or after‑hours access
