Approved Multifamily Development
42 Burd St Nyack, NY 10960
42 Burd St, Nyack, NY, 10960
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For Sale
Contact for pricing
Approved residential development project in Nyack, ready to build.
Property Size2,600 SF
Price / SF$382.69
Days on Market771
Property Features for 42 Burd St
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multifamily
Listing agency
Triforce Commercial Real Estate LLC
(845) 450-6500
Listed by
Jason Horowitz · License #NY - 10491207540
Source
Crexi
Added: Jun 11, 2024 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 2:23PM
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 Real Estate LLC
Investment Insights
Based on property information with market context.
This is a fully approved residential development project featuring a vacant 2,600 SF two-story commercial office building, ready to be transformed into a modern, multifamily residential development. The development will consist of four one-bedroom units, each approximately 650 SF. Each unit includes a spacious living room, kitchen, full bathroom, laundry closet, and a walk-out covered balcony. The balconies offer views of the Hudson River and the Tappan Zee Bridge. Convenient onsite parking is available for residents and guests. The sale includes fully approved development plans, completed architectural and engineering work, and shovel-ready status with building permits. Located one block from Downtown Nyack and one block from the Hudson River, this location offers urban convenience and scenic beauty. This multifamily development represents a prime opportunity for long-term income generation. The demand for quality rental housing in this area remains strong, ensuring a steady stream of potential tenants.
Key Highlights
- Shovel‑ready development project with fully approved plans and building permits for a multifamily residential building.
- Prime location: one block from downtown Nyack and the Hudson River.
- Four (4) one‑bedroom units, each with a walk‑out covered balcony offering Hudson River and Tappan Zee Bridge views.
Local Financial Insights For Multifamily LT 5
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 | $70.2k | $27.00 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $65.6k | $25.25 |
| − OpEx | −$19.7k | −$7.57 |
| NOI | $45.9k | $17.67 |
2,600 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.4K
$574.3K – $765.8K
NOI $45,946 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$608.7K
$532.6K – $710.2K
NOI $42,609 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$1.72M
$1.50M – $2.01M
NOI $120,335 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rockland Same Day ...
Building Supply
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FAQs
What type of property is this?
Quadplex - Approved residential development project in Nyack, ready to build.
Where is this quadplex located?
The property is located at 42 Burd St Nyack, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Shovel‑ready development project with fully approved plans and building permits for a multifamily residential building.; Prime location: one block from downtown Nyack and the Hudson River.; **Four (4) one‑bedroom units, each with a walk‑out covered balcony offering Hudson River and Tappan Zee Bridge views.**
