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    42 Burd St Nyack, NY 10960

    Sponsored
    For Sale
    $1,150,000

    Four-unit apartment building, prime Nyack location.

    Property size:
    2,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • $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.
    • Includes approved plans, completed architectural and engineering work, and building permits.
    • Six (6) parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rockland Same Day ... Garage Door Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    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

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    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.
    Request Owner's contact information
    42 Burd St Nyack, NY 10960
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    Realmo Value Estimation

    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.

    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.

    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
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