Fully Occupied Office
For Sale
$10,500,000
345 N Main Street, New City, NY 10956
Professional office property with elevator access, covered parking, and established occupancy.
Property Size130,680 SF
Lot Size3.00 Acres
Price / SF$349.78
Days on Market97
Property Features for 345 N Main Street
General Information
Standard status
Active
Size
130,680 SF
Elevators
Yes
Lot size
3.00 Acres
Property subtype
Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$211,345
Building Details
Building Size
130,680 SF
Year Built
1965
Listing Agency:
Triforce Commercial RE LLC
Listed By:
Jason Horowitz (jason@triforcecre.com) · License ##10491207540
(845) 323-9177
Source:
Edifyny
Added: Aug 2
Changed: Nov 5
Last Checked: Nov 4 at 12:38PM
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 Triforce Commercial RE LLC
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Investment Insights
Based on property information with market context.
Located at 345 N Main Street in New City, this office building contains approximately 30,019 square feet on a 3-acre parcel. The property was constructed around 1965 and enlarged by approximately 19,400 square feet in 2006. Interior features include elevator service and maintained common areas, while the site provides on-site and covered parking. Zoning is LO.
The building is fully occupied and serves as an established professional office property. Its North Main Street setting places it just south of Kennedy Dells County Park and near central New City. The property is also close to a major commercial and professional concentration within Rockland County, providing a location-oriented office asset with substantial land area and existing occupancy.
The building is fully occupied and serves as an established professional office property. Its North Main Street setting places it just south of Kennedy Dells County Park and near central New City. The property is also close to a major commercial and professional concentration within Rockland County, providing a location-oriented office asset with substantial land area and existing occupancy.
Key Highlights
- Approximately 30,019 SF office building on a 3‑acre site
- Fully occupied professional office property
- Expanded by approximately 19,400 square feet in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$856,104
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,122,080
$17.1M
Cap Rate 7%
$12,230,057
$12.2M
Cap Rate 9%
$9,512,267
$9.5M
Market Conditions
NOI Build-Up for 30,019 SF
Gross rent
$1.35M $45.00/SF
− Vacancy
−$209.4K −$6.98/SF
EGI
$1.14M $38.03/SF
− OpEx
−$285.4K −$9.51/SF
NOI
$856.1K $28.52/SF
Area
Rockland County, NY
Vacancy
15.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,122,080
Cap Rate 7%
$12,230,057
Cap Rate 9%
$9,512,267
Alternative Uses
Best Use
Office B
$12.23M
$10.70M – $14.27M
NOI $856,104 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.85M
$17.37M – $23.16M
NOI $1,389,354 @ 7.0% cap · market cap 13.23%
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
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 10956, NY
32,499
Population
9,892
Households
3.3
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,110
Density / Sq Mi
$179,060
Median Household Income
$70,565
Median Earnings
$2,256
Median Rent
$629,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with elevator access, covered parking, and established occupancy.
Where is this office building located?
The property is located at 345 N Main Street New City, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Approximately 30,019 SF office building on a 3‑acre site; Fully occupied professional office property; Expanded by approximately 19,400 square feet in 2006
