Nyack Mixed-Use Building For
For Sale
$399,999
Pending
78 Burd St, Nyack, NY 10960
Multi-use building with storefronts and apartment in Nyack, NY.
Property Size2,400 SF
Lot Size0.05 Acres
Days on Market257
Property Features for 78 Burd St
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,000
Building Details
Building Size
2,400 SF
Listing Agency:
HERE4UREALTY INC.
(845) 238-1352
Listed By:
Sholom Kass
(845) 238-1352
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:54AM
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 HERE4UREALTY INC.
Investment Insights
Based on property information with market context.
This multi-use building is located in Nyack and contains both residential and commercial spaces. It features two storefronts, each approximately 700 square feet, and a 1000 sqft apartment on the second floor. The apartment is accessible through a private entrance and includes 2 or 3 bedrooms and a loft in the living room. A large private deck off the kitchen is suitable for entertaining. The property also includes a basement for storage. The building is suitable for managing a business while generating rental income, or for living upstairs while operating a business downstairs. The projected rental income for each storefront is $1650, and the second-floor apartment is currently leased for $2450.00. The property is within walking distance to the river and steps to public transportation. Its location provides accessibility from Bergen and Rockland Counties and proximity to the Tappan Zee Bridge, NYS Thruway, Palisades Parkway, and Garden State Parkway.
Key Highlights
- High‑income potential: Two commercial storefronts and a residential apartment generate substantial rental income.
- Prime location in the heart of Nyack: Walking distance to the river and public transportation.
- Multi‑use property: Ideal for business owners seeking rental income or a live/work arrangement.
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
$33,798
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
8.45%
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%
$675,960
$676.0K
Cap Rate 7%
$482,829
$482.8K
Cap Rate 9%
$375,533
$375.5K
Market Conditions
NOI Build-Up for 2,400 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
$50.4K $21.00/SF
− Vacancy
−$2.1K −$0.88/SF
EGI
$48.3K $20.12/SF
− OpEx
−$14.5K −$6.04/SF
NOI
$33.8K $14.08/SF
Area
Rockland County, NY
Vacancy
4.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$675,960
Cap Rate 7%
$482,829
Cap Rate 9%
$375,533
Alternative Uses
Best Use
Apartment 5plus
$561.9K
$491.7K – $655.5K
NOI $39,332 @ 7.0% cap · market cap 9.83%
Second Best
Retail
$482.8K
$422.5K – $563.3K
NOI $33,798 @ 7.0% cap · market cap 8.45%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,078 @ 7.0% cap · market cap 27.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,848
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use building with storefronts and apartment in Nyack, NY.
Where is this mixed-use property located?
The property is located at 78 Burd St Nyack, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: High‑income potential: Two commercial storefronts and a residential apartment generate substantial rental income.; Prime location in the heart of Nyack: Walking distance to the river and public transportation.; Multi‑use property: Ideal for business owners seeking rental income or a live/work arrangement.
