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    421 Rte New York, NY 10952
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    Property profile & analytics

    421 Rte New York, NY 10952

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    • Retail properties & Spaces
    • 2,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 421 Rte

    Property size
    2,200 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional Class A retail property, located at 421 Route 59 in Monsey, New York, offers 2,200 square feet of vacant space in a multi-tenant building. The property is zoned NS and situated in Rockland County (zip code 10952). Its prime location on Route 59 ensures high visibility and significant foot traffic, benefiting from a strong existing tenant mix. The entire 2,200 square foot space is currently available for lease. The base rent is negotiable (please inquire for details). In addition to base rent, there are net, net, net (NNN) expenses currently totaling $9 per square foot annually. A separate annual sprinkler maintenance fee of $800 is also applicable. This presents a unique opportunity for businesses seeking a prominent retail presence in a thriving Monsey commercial district. The property's Class A designation reflects its high-quality construction and modern amenities. Serious inquiries are encouraged to discuss lease terms and explore this exceptional retail opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    Rockland
    State
    New York
    Longitude
    -74.0859
    Latitude
    41.1084

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      419 Ny-59

      Retail properties & Spaces • 1,440 SF
      419 Ny-59, Airmont, NY 10952
      View Details
    • Value Estimation by Request

      401 Ny-59

      Retail properties & Spaces
      401 Ny-59, Monsey, NY 10952
      View Details
    • Value Estimation
      $625,000
      1,684 SF

      90 Forshay Rd

      SHOW ROOM, WAREHOUSE • 1,684 SF
      90 Forshay Rd, Monsey, NY 10952-1403
      View Details
    • Value Estimation
      $1,150,000
      8,732 SF

      176 Maple Ave

      SHOW ROOM, WAREHOUSE • 8,732 SF
      176 Maple Ave, Monsey, NY 10952-3183
      View Details
    • Value Estimation by Request
      1,652 SF

      22 Rita Ave

      COMMERCIAL (GENERAL) • 1,652 SF
      22 Rita Ave, Monsey, NY 10952-3547
      View Details
    • Value Estimation by Request
      1,663 SF

      24 Echo Rdg Rd

      COMMERCIAL (GENERAL) • 1,663 SF
      24 Echo Rdg Rd, Airmont, NY 10952-4317
      View Details

    Similar Nearby for Sale

    • $32,500,000

      Monsey Commercial Asset For Sale

      Flagship commercial asset in Monsey's thriving commercial core.
      419-423 Route 59, Monsey, NY 10952
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    • $5,900,000

      Established Grocery Store on Maple

      Grocery store with equipment and rental income potential for sale.
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    • $32,500,000
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      Monsey Commercial Asset For Sale

      Flagship commercial property in Monsey, NY, 100% leased.
      419-423 Ny-59, Airmont, NY 10952
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    • $2,900,000
      5,000 SF

      Monsey Two-Family Home on Acreage

      Two-family home on 0.62 acres in Monsey, New York.
      49-51 Albert Dr, Monsey, NY 10952
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    Similar Nearby for Lease

    • Contact for pricing

      Monsey Retail Space on Route 59

      Retail space available on highly trafficked Route 59.
      421 Route 59, Monsey, NY 10952
      View Details
    • $43 SF/Yr

      High-Visibility Commercial Space on Route 59

      Prime location with flexible layout for retail, office, or medical.
      127 Route 59, Monsey, NY 10952
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    • $43 SF/Yr

      High-Visibility Commercial Space on Route 59

      Prime location with flexible layout for retail, office, or medical.
      127 Route 59, Monsey, NY 10952
      View Details
    • $35 SF/Yr

      Monsey Retail Space on Route 59

      Built-out retail space on highly trafficked Route 59.
      419 Ny-59, Monsey, NY 10952
      View Details
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    421 Rte
    New York, NY 10952
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    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
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