Building Details

Building Size 4,499 SF

Year Built 1900

Buildings 1

Stories 4

Units 4

Tenancy Multi

Listing Agency: Q Home Sales i***@qhomesales.com Show Phone

Listed By: Naomi Streicher · License #10301218918 Show Phone

Source: Croninreale

Added: Sep 18 Changed: Oct 23 Last Checked: Oct 23 at 4:16PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 4,499-square-foot mixed-use property in Nyack dates to 1900 and has three stories. A food-service business occupies the ground floor, with office space and two residential apartments in the upper levels. The office area may also be converted to living space. The property is zoned C-1, and its longtime owner has maintained the building over the years.

At 80a Main Street, the building is within walking distance of local shops and restaurants. Transportation access, the waterfront, a bridge, and hiking and biking opportunities are also cited nearby.

Key Highlights

• 4,499‑square‑foot, three‑story mixed‑use property
• Ground‑floor eatery, offices, and two residential apartments
• Office space can be converted to residential use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,730

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,474,600 $1.5M

Cap Rate 7%

$1,053,286 $1.1M

Cap Rate 9%

$819,222 $819.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,499 SF

Gross rent

$143.1K $31.80/SF

− Vacancy

−$9.0K −$2.00/SF

EGI

$134.1K $29.80/SF

− OpEx

−$60.3K −$13.41/SF

NOI

$73.7K $16.39/SF

Area

Rockland County, NY

Vacancy

6.30%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,474,600

Cap Rate 7%

$1,053,286

Cap Rate 9%

$819,222

Alternative Uses

Best Use

Specialty Retail

$2.97M

$2.60M – $3.47M (±1% cap)

NOI $208,225 @ 7.0% cap · market cap 16.02%

Second Best

Apartment 5plus

$1.05M

$921.6K – $1.23M (±1% cap)

NOI $73,730 @ 7.0% cap · market cap 5.67%

Theoretical Best

—

—

same as Best Use

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

Conventional restaurants

Suggested Use

Top Pick Furniture & Home Goods Bakery Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three floors combine a ground-level food establishment with office and residential space.

Where is this mixed-use property located?

The property is located at 80a Main Street Nyack, NY.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 4,499‑square‑foot, three‑story mixed‑use property; Ground‑floor eatery, offices, and two residential apartments; Office space can be converted to residential use