Mixed-Use Building with Ground
20 S Broadway Nyack, NY 10960
20 S Broadway, Nyack, NY, 10960
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For Sale
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Elevator-served, sprinklered masonry mixed-use building with a full ground-floor retail tenant and ten residential units above.
Property Size15,000 SF
Lot Size0.20 Acres
Price / SF$343.33
Days on Market88
Property Features for 20 S Broadway
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 0.20 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
MYC & Associates, Inc.
Listed by
Marc Yaverbaum · License #NY
Source
Crexi
Added: Apr 27 Updated: Jul 23 at 4:45AM Checked: Jul 23 at 4:45AM
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 MYC & Associates, Inc.
Investment Insights
Based on property information with market context.
Newly constructed in 2008, this elevator-served, sprinklered masonry mixed-use building is arranged over three stories. The property totals approximately 15,000 SF, with a single ground-floor retail tenant occupying approximately 5,000 SF. The upper two floors include approximately 10,000 SF of residential space made up of 10 units: six two-bedroom, one-bath units and four one-bedroom, one-bath units.
Residential units are individually metered for electric and can be accessed from both entrances on S Broadway and from the adjacent parking lot. At closing, three residential units will be delivered vacant. The building currently remains occupied, and inspections or showings are by appointment only with a request not to disturb tenants or occupants.
The seller is offering the property for auction, with sale conducted under a bankruptcy court confirmed plan of liquidation. The property is described as “as-is, where-is,” subject to existing tenancies and occupancies, and it will be sold free and clear of liens, claims, and encumbrances. Sale is all-cash and not contingent on financing.
Residential units are individually metered for electric and can be accessed from both entrances on S Broadway and from the adjacent parking lot. At closing, three residential units will be delivered vacant. The building currently remains occupied, and inspections or showings are by appointment only with a request not to disturb tenants or occupants.
The seller is offering the property for auction, with sale conducted under a bankruptcy court confirmed plan of liquidation. The property is described as “as-is, where-is,” subject to existing tenancies and occupancies, and it will be sold free and clear of liens, claims, and encumbrances. Sale is all-cash and not contingent on financing.
Key Highlights
- Elevator‑served, sprinklered masonry mixed‑use building built in 2008
- About 15,000 SF over 3 stories with ~5,000 SF ground‑floor retail and ~10,000 SF residential above
- 10 residential units total: 6 units are 2‑bed/1‑bath and 4 units are 1‑bed/1‑bath
Local Financial Insights For Apartment 5plus
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 | $477.0k | $31.80 |
| − Vacancy | −$30.1k | −$2.00 |
| EGI | $446.9k | $29.80 |
| − OpEx | −$201.1k | −$13.41 |
| NOI | $245.8k | $16.39 |
15,000 SF · lease $31.80/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.51M
$3.07M – $4.10M
NOI $245,822 @ 7.0% cap · market cap 4.77%
Second Best
Retail
$3.02M
$2.64M – $3.52M
NOI $211,239 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$9.92M
$8.68M – $11.57M
NOI $694,238 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Apartment building - Elevator-served, sprinklered masonry mixed-use building with a full ground-floor retail tenant and ten residential units above.
Where is this apartment building located?
The property is located at 20 S Broadway Nyack, NY.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: Elevator‑served, sprinklered masonry mixed‑use building built in 2008; About 15,000 SF over 3 stories with ~5,000 SF ground‑floor retail and ~10,000 SF residential above; 10 residential units total: 6 units are 2‑bed/1‑bath and 4 units are 1‑bed/1‑bath
