Ground-Floor Office Condo
For Sale
$360,000
55 Old Nyack Turnpike, Nanuet, NY 10954
Ground-floor office suite in Towne House Office Park with first-floor access and about 1,000 SF of space.
Property Size1,000 SF
Price / SF$360
Days on Market120
Property Features for 55 Old Nyack Turnpike
General Information
Standard status
Active
Size
1,000 SF
Additional Details
Highway Access
Yes
Listing Agency:
Triforce Commercial RE LLC
Listed By:
Jason Horowitz · License ##10491207540
(845) 450-6500
Source:
Goatrealtyus
Added: May 16
Changed: Sep 10
Last Checked: Sep 12 at 12:31PM
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.
Suite 107 at 55 Old Nyack Turnpike is a ground-floor office condo located within Towne House Office Park. The approximately 1,000 SF suite is configured for office use and offers convenient first-floor access.
The property is positioned just moments from an entrance to the New York State Thruway, with close proximity to Route 59 and Exit 14 of the Palisades Parkway. This places the office within reach of regional commuter routes serving Rockland County and beyond.
As an office condo in a dedicated office park setting, the suite is suited for professional office occupancy and is offered for sale.
The property is positioned just moments from an entrance to the New York State Thruway, with close proximity to Route 59 and Exit 14 of the Palisades Parkway. This places the office within reach of regional commuter routes serving Rockland County and beyond.
As an office condo in a dedicated office park setting, the suite is suited for professional office occupancy and is offered for sale.
Key Highlights
- Ground‑floor office condo unit 107 in Towne House Office Park
- About 1,000 SF office suite with convenient first‑floor access
- Located just moments from the New York State Thruway entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,519
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,380
$570.4K
Cap Rate 7%
$407,414
$407.4K
Cap Rate 9%
$316,878
$316.9K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$45.0K $45.00/SF
− Vacancy
−$7.0K −$6.98/SF
EGI
$38.0K $38.03/SF
− OpEx
−$9.5K −$9.51/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,380
Cap Rate 7%
$407,414
Cap Rate 9%
$316,878
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 10954, NY
24,248
Population
10,041
Households
2.4
Avg Household Size
44
Median Age
47%
College-Educated
90%
High-School Grad
6.9 sq mi
ZIP Area
3,514
Density / Sq Mi
$112,927
Median Household Income
$55,985
Median Earnings
$2,184
Median Rent
$502,300
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
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor office suite in Towne House Office Park with first-floor access and about 1,000 SF of space.
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 unit 107 in Towne House Office Park; About 1,000 SF office suite with convenient first‑floor access; Located just moments from the New York State Thruway entrance
