Building Details

Buildings 1

Tenancy Multi

Listing Agency: Lydecker Realty Corp

Listed By: Cody C. VanCampen · License #10301214492 Show Phone

Source: Compass

Added: Sep 24, 2020 Changed: Oct 10 Last Checked: Oct 15 at 1:13AM

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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 Lydecker Realty Corp

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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.

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 / Yr

$126,528

Cap Rate

8.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,530,560 $2.5M

Cap Rate 7%

$1,807,543 $1.8M

Cap Rate 9%

$1,405,867 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,160 SF

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 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 (±1% cap)

NOI $331,383 @ 7.0% cap · market cap 21.73%

Second Best

Multifamily LT 5

$1.81M

$1.58M – $2.11M (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Furniture & Home Goods Storage Facility Bakery (Bike/Boat/Book/etc) Store HVAC Service Veterinary Clinic

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

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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