Mixed-Use Building in Downtown
8 N Broadway Nyack, NY 10960
8 N Broadway, Nyack, NY, 10960
$1,200,000
For Sale
$1,200,000
Fully leased mixed-use building in walkable river village.
Property Size5,285 SF
Lot Size0.06 Acres
Price / SF$227.06
Days on Market85
Property Features for 8 N Broadway
General Information
- Standard status
- Active
- Size
- 5,285 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
Rand Commercial
(917) 664-5441
Listed by
Michael Chang · License #10401333755
(917) 664-5441
Source
Elliman
Added: Apr 24 Checked: Jul 15 at 8:44 pm
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 Rand Commercial
Investment Insights
Based on property information with market context.
Located in downtown Nyack, this mixed-use building offers a fully leased investment opportunity. Constructed in 1920, the property features approximately 5,285 square feet across three stories. It includes street-level retail space and four one-bedroom residential apartments. The building is 100% occupied, providing stabilized income. The property has been fully sprinklered throughout, including all residential units. The entire building underwent an updated fire and life-safety inspection in 2020/2021. Situated on North Broadway with approximately 75 feet of frontage, the property benefits from visibility and foot traffic. The location has a Walk Score of 93, placing tenants near restaurants, shops, and transit options. The site encompasses approximately 0.06 acres and is zoned DMU-1, allowing for a range of commercial and residential uses.
Key Highlights
- 100% leased mixed‑use building providing immediate, stabilized income.
- Prime downtown Nyack location with a Walk Score of 93, offering exceptional visibility and foot traffic.
- Approximately 5,285 square feet across three stories, featuring street‑level retail and four (4) one‑bedroom apartments.
Local Financial Insights For 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 | $111.0k | $21.00 |
| − Vacancy | −$4.7k | −$0.88 |
| EGI | $106.3k | $20.12 |
| − OpEx | −$31.9k | −$6.04 |
| NOI | $74.4k | $14.08 |
5,285 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$930.3K – $1.24M
NOI $74,427 @ 7.0% cap · market cap 6.20%
Second Best
Mixed Use
$617.9K
$540.7K – $720.9K
NOI $43,254 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$3.49M
$3.06M – $4.08M
NOI $244,603 @ 7.0% cap · market cap 20.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use building in walkable river village.
Where is this mixed-use property located?
The property is located at 8 N Broadway Nyack, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 100% leased mixed‑use building providing immediate, stabilized income.; **Prime downtown Nyack location** with a Walk Score of 93, offering exceptional visibility and foot traffic.; Approximately 5,285 square feet across three stories, featuring street‑level retail and four (4) one‑bedroom apartments.
