Building Details

Building Size 2,996 SF

Year Built 1905

Stories 2

Listing Agency: Roundhouse Properties, LLC

Listed By: Wilson Vasquez · License #10491201574 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 23 Last Checked: Aug 14 at 6:03AM

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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 Roundhouse Properties, LLC

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Investment Insights

Based on property information with market context.

This commercial property, formerly the South Nyack Village Hall, is located in the heart of South Nyack. The building currently houses a coffee shop and bicycle retail/repair business. It features high visibility on South Broadway and blends historic architecture with contemporary use. The well-maintained structure includes classic architectural details, oversized windows, and high ceilings that provide natural light. The interior features an open and flexible floor plan suitable for both retail and service-based business operations. The current layout includes a cafe space with seating, a functioning kitchen area, and a large retail/workshop area on the second floor. The building is zoned for commercial use and includes off-street parking and a basement for storage. Modernized systems have been installed while preserving its historic integrity.

Key Highlights

• High‑visibility location on South Broadway in the heart of South Nyack
• Unique blend of historic architecture and modern commercial use
• Currently operating as a thriving coffee shop and bicycle retail/repair business

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,191

Cap Rate

3.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$843,820 $843.8K

Cap Rate 7%

$602,729 $602.7K

Cap Rate 9%

$468,789 $468.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,996 SF

Gross rent

$62.9K $21.00/SF

− Vacancy

−$2.6K −$0.88/SF

EGI

$60.3K $20.12/SF

− OpEx

−$18.1K −$6.04/SF

NOI

$42.2K $14.08/SF

Area

Rockland County, NY

Vacancy

4.20%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$843,820

Cap Rate 7%

$602,729

Cap Rate 9%

$468,789

Alternative Uses

Best Use

Specialty Retail

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,662 @ 7.0% cap · market cap 9.90%

Second Best

Retail

$602.7K

$527.4K – $703.2K (±1% cap)

NOI $42,191 @ 7.0% cap · market cap 3.01%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

South Nyack Police ... Police Department Coffee Ride Cafe Cafe & Coffee Shop collado live (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Furniture & Home Goods HVAC Service Dental Office Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

165

Businesses Nearby

Under-served

Demand for This Use

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Coffee shop - Iconic South Nyack building with retail and service potential.

Where is this coffee shop located?

The property is located at 282 S Broadway Nyack, NY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: High‑visibility location on South Broadway in the heart of South Nyack; Unique blend of historic architecture and modern commercial use; Currently operating as a thriving coffee shop and bicycle retail/repair business