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    65 Greenbush Rd West Nyack, NY 10994

    Sponsored
    For Sale
    $1,900,000

    Seven-unit building, 1.4 acres, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a rare chance to acquire a seven-unit multifamily property situated on a substantial 1.4-acre lot in the heart of West Nyack, New York. The property, located at 65 S Greenbush Rd, consists of a main front building housing five units and a separate back house with two additional units. Built in 1949, this property offers significant upside potential due to current below-market rents across all seven units. The expansive lot provides ample room for future development or expansion, making it an ideal investment for those seeking substantial returns in a thriving market. The property's prime location in West Nyack, Rockland County (zip code 10994), ensures strong tenant demand and easy access to local amenities. This is a turnkey investment ready for an owner to capitalize on the existing rental income and future growth opportunities. The asking price is $1,900,000. This is a truly unique opportunity to own a substantial multifamily property in a desirable location. Don't miss out on this lucrative investment.

    Property Features for 65 Greenbush Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1949
    Units
    7

    HighLights

    • Seven‑unit multifamily property on a 1.4‑acre lot in West Nyack, NY.
    • Located at 65 S Greenbush Rd, West Nyack, NY 10994.
    • Main building with five units and a separate two‑unit building; built in 1949.
    • Below‑market rents offer significant upside potential.
    • Large lot allows for future expansion or development.
    • Turnkey investment with strong tenant demand and access to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.9480828
    Latitude
    41.0884269

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit building, 1.4 acres, high potential.
    Where is this multifamily property located?
    The property is located at 65 Greenbush Rd West Nyack, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Seven-unit multifamily property on a 1.4-acre lot in West Nyack, NY.; Located at 65 S Greenbush Rd, West Nyack, NY 10994.; Main building with five units and a separate two-unit building; built in 1949.
    Request Owner's contact information
    65 Greenbush Rd West Nyack, NY 10994
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    West Nyack, NY 10994
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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
    65 Greenbush Rd West Nyack, NY 10994
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