Ground-Floor Office Condo
55 Old Nyack Turnpike Nanuet, NY 10954
55 Old Nyack Turnpike, Nanuet, NY, 10954
$360,000
For Sale
$360,000
First-floor office suite in Towne House Office Park near major access points including Route 59 and nearby parkway exits.
Property Size1,000 SF
Price / SF$360
Days on Market89
Property Features for 55 Old Nyack Turnpike
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Listing agency
TRIFORCE COMMERCIAL RE LLC
(845) 450-6500
Listed by
JASON HOROWITZ · License ##1433362
Source
Corcoran
Added: Apr 24 Updated: Jul 20 at 6:20PM Checked: Jul 21 at 5:06AM
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
Investment Insights
Based on property information with market context.
55 Old Nyack Turnpike, Unit 107 is a ground-floor office condo suite within the Towne House Office Park in Nanuet. The available suite is approximately 1,000 SF and is configured for office use, offering convenient first-floor access for day-to-day business operations.
The property is positioned just moments from the entrance to the New York State Thruway, with very close proximity to Route 59 and Exit 14 of the Palisades Parkway. This provides strong regional connectivity for clients, staff, and commuting.
As part of an established office park setting, Unit 107 offers a professionally oriented location for a range of office users seeking a well-accessed condo-style workspace.
The property is positioned just moments from the entrance to the New York State Thruway, with very close proximity to Route 59 and Exit 14 of the Palisades Parkway. This provides strong regional connectivity for clients, staff, and commuting.
As part of an established office park setting, Unit 107 offers a professionally oriented location for a range of office users seeking a well-accessed condo-style workspace.
Key Highlights
- Ground‑floor office condo suite in Towne House Office Park
- Approximately 1,000 SF office suite
- First‑floor access for easier entry and accessibility
Local Financial Insights For Office B
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 | $45.0k | $45.00 |
| − Vacancy | −$7.0k | −$6.98 |
| EGI | $38.0k | $38.03 |
| − OpEx | −$9.5k | −$9.51 |
| NOI | $28.5k | $28.52 |
1,000 SF · lease $45.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$407.4K
$356.5K – $475.3K
NOI $28,519 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$661.2K
$578.5K – $771.4K
NOI $46,283 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
KG Construction Services
Construction Company
Gary Lipton Law ...
Law Firm
Krakower & Goldman
Law Firm
Perfect Smile Dental
Dental Office
Savad Paul
Law Firm
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FAQs
What type of property is this?
Office units - First-floor office suite in Towne House Office Park near major access points including Route 59 and nearby parkway exits.
Where is this office units located?
The property is located at 55 Old Nyack Turnpike Nanuet, NY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Ground‑floor office condo suite in Towne House Office Park; Approximately 1,000 SF office suite; First‑floor access for easier entry and accessibility
