Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42 Burd St Nyack, NY 10960

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four-unit apartment building, prime Nyack location.

    Property size:
    2,600 SF

    Property Features for 42 Burd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,600 SF
    Class
    A
    Lot Size
    3,485 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    4

    We can help!

    Listing Contact
    Jason Horowitz
    Jason Horowitz

    Listing Agency: TRIFORCE COMMERCIAL RE LLC Listing Agent: Jason Horowitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional redevelopment opportunity presents a fully approved project at 42 Burd St, Nyack, NY 10960. The property consists of a vacant, 2,600 square foot, two-story building, ready for conversion into a modern four-unit apartment complex. Detailed architectural and engineering plans are complete, and building permits are in hand, making this a truly shovel-ready project. The development will feature four one-bedroom units, each approximately 650 square feet, boasting spacious living areas, kitchens, full bathrooms, laundry closets, and private walk-out covered balconies offering stunning Hudson River and Tappan Zee Bridge views. Six parking spaces are available for residents and guests. Located just one block from downtown Nyack and the Hudson River, this property offers unparalleled convenience and scenic beauty. The 0.08-acre lot is zoned DMU-2. This investment presents a strong opportunity for long-term income generation in a thriving municipality with high demand for quality rental housing. The asking price is $1,150,000, representing a price per unit of $287,500 and a price per square foot of $442.31. Nyack's vibrant downtown, rich history, and proximity to the Hudson River ensure a steady stream of potential tenants. This is a truly unique opportunity to capitalize on the strong rental market in this desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rockland Same Day ... Building Supply

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.916959573794
    Latitude
    41.090159376393

    Nearby Similar for Sale

    • $499,000
      Pending

      Turn-Key Restaurant Building in Nyack

      Freestanding restaurant in downtown Nyack, ready for its next chapter.
      162 Main St, Nyack, NY 10960
      View Details
    • $395,000
      0.04 Acres

      Prime Retail in Downtown Nyack

      Rare commercial building in vibrant Nyack, excellent visibility, investment potential.
      81 Main St, Nyack, NY 10960
      View Details
    • $1,100,000
      Pending

      Nyack Retail Building For Sale

      Commercial building in Nyack with expansion potential.
      294-298 Main St, Nyack, NY 10960
      View Details
    • $150,000
      2,178 SF

      Established Restaurant Opportunity in Nyack

      Turn-key restaurant with 55 seats in a prime location.
      93 Main St, Nyack, NY 10960
      View Details
    • $990,000
      0.12 Acres

      Nyack Multifamily Investment Opportunity

      Fully occupied three-family property in a desirable Nyack location.
      36 Prospect St, Nyack, NY 10960
      View Details
    • $1,100,000
      Pending

      Updated Riverfront Investment Property

      Updated 3-unit property with Hudson River views in downtown Nyack.
      52 Gedney St, Nyack, NY 10960
      View Details
    • $699,000
      Pending

      Nyack Colonial Duplex Near City

      Spacious Nyack duplex, close to NYC, with flexible living options.
      101 1St Ave, Nyack, NY 10960
      View Details
    • $959,000
      Pending

      Spacious Duplex Built in 2007

      Two-family home with modern amenities, ideal for investment or owner-occupancy.
      233 N Midland Ave, Nyack, NY 10960
      View Details
    • $950,000
      Pending

      Colonial Quadruplex in Historic Nyack

      Early 20th-century Colonial converted into a legal 4-family residence.
      10 N Prospect St, Nyack, NY 10960
      View Details
    • $695,000
      Pending

      Renovated Duplex in Nyack Village

      Turn-key duplex near shops, dining, schools, parks, and transportation.
      102 N Midland Ave, Nyack, NY 10960
      View Details
    • $849,000

      Division Ave Specialty Property

      Specialty property for sale at $849,000.
      18 Division Ave, Nyack, NY 10960
      View Details
    • $999,000

      Specialty Property for Sale

      Specialty property available for purchase.
      28 E Catherine St, Nyack, NY 10960
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, prime Nyack location.
    Where is this multifamily property located?
    The property is located at 42 Burd St Nyack, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price for a fully approved residential redevelopment project.; Four (4) one-bedroom units, each approximately 650 square feet.; Located in Nyack, NY, one block from downtown and the Hudson River.
    (845) 450-6500 Call to check price and availability
    Request Owner's contact information
    42 Burd St Nyack, NY 10960
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42 Burd St
    Nyack, NY 10960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42 Burd St Nyack, NY 10960
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Horowitz
    Jason Horowitz
    Real Estate License ID: 10491207540
    (845) 450-6500 (845) 323-9177
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!