123 NY-59, Nanuet, NY
8,400 SF retail site in Rockland County for sale.
- Added:
- Mar 18, 2025
- Days on Market:
- 455
- Last Refresh:
- May 20 at 9:56 pm
Property Features for 123 NY-59
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Properties For Sale
at 123 NY-59 Contact us
Listing agent Jason Horowitz License #10491207540 (845) 323-9177
Listing office Triforce Commercial Real Estate (845) 323-9177
Listing date Mar 18, 2025
Source Moodyscre
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 Real Estate
HighLights
- High Traffic Location: Located on Route 59 with 31,126 cars passing daily (2023 data).
- Large Retail Space: Boasting 8,400 +\/- SF of retail space.
- Prime Commercial District: Situated in Rockland County's Commercial District.
- Drive‑Thru Potential: Previously a bank with a drive‑thru.
- Substantial Lot Size: .54 acre lot.
- RS (Regional Shopping) Zone: Zoning suitable for a variety of retail uses.
Overview
Local Financial Insights For Specialty Retail
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 | $554.4k | $66.00 |
| − Vacancy | −$36.0k | −$4.29 |
| EGI | $518.4k | $61.71 |
| − OpEx | −$129.6k | −$15.43 |
| NOI | $388.8k | $46.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nanuet
- County
- Rockland
- State
- New York
- Longitude
- -74.0135
- Latitude
- 41.0887
