Mixed-Use Building with
For Sale
$1,525,000
326 North Broadway, Nyack, NY 10960
Two commercial spaces and three updated apartments occupy a well-maintained mixed-use property.
Property Size7,160 SF
Price / SF$212.99
Days on Market1966
Property Features for 326 North Broadway
General Information
Standard status
Active
Size
7,160 SF
Property subtype
Multi Family
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$29,200
Amenities
No, No
Square Feet
Multi Family, Public
7,160.00
Public Maintained Road
No
Block, Frame
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Lydecker Realty Corp
(845) 358-3700
Listed By:
Cody C. VanCampen
(845) 358-3700
Source:
Compass
Added: Apr 14, 2021
Changed: Aug 30
Last Checked: Aug 30 at 9:24PM
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 Lydecker Realty Corp
Investment Insights
Based on property information with market context.
This 7,160-square-foot mixed-use building contains two commercial spaces and three apartments. The apartments have been updated by the original owners, and the property includes block and frame construction with access from a public-maintained road. On-street parking is available.
The building occupies a commercial corner in Upper Nyack, near the Hudson River and within walking distance of downtown Nyack and Nyack Beach State Park. Its combination of commercial and residential components supports a range of ownership and occupancy structures.
The building occupies a commercial corner in Upper Nyack, near the Hudson River and within walking distance of downtown Nyack and Nyack Beach State Park. Its combination of commercial and residential components supports a range of ownership and occupancy structures.
Key Highlights
- 7,160 square feet with two commercial spaces and three apartments
- All three apartments have been updated by the original owners
- Located on one of Upper Nyack’s commercial corners
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,528
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,530,560
$2.5M
Cap Rate 7%
$1,807,543
$1.8M
Cap Rate 9%
$1,405,867
$1.4M
Market Conditions
NOI Build-Up for 7,160 SF
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.
Gross rent
$193.3K $27.00/SF
− Vacancy
−$12.6K −$1.76/SF
EGI
$180.8K $25.25/SF
− OpEx
−$54.2K −$7.57/SF
NOI
$126.5K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,530,560
Cap Rate 7%
$1,807,543
Cap Rate 9%
$1,405,867
Alternative Uses
Best Use
Specialty Retail
$4.73M
$4.14M – $5.52M
NOI $331,383 @ 7.0% cap · market cap 21.73%
Second Best
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,528 @ 7.0% cap · market cap 8.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,025
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and three updated apartments occupy a well-maintained mixed-use property.
Where is this mixed-use property located?
The property is located at 326 North Broadway Nyack, NY.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: 7,160 square feet with two commercial spaces and three apartments; All three apartments have been updated by the original owners; Located on one of Upper Nyack’s commercial corners
