Property profile

40-42 Ny-303 Tappan, NY 10983

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1,700 square foot retail space is ideally situated on the New York/New Jersey border in the thriving business district encompassing Tappan, NY and Northvale, NJ. Located within Stateline Plaza II, this single-tenant property benefits from high visibility and foot traffic due to its proximity to national retailers and service providers. A significant new development, a 25,000+ square foot Lidl Supermarket, is directly across the street, further enhancing the area's appeal and drawing substantial customer traffic. Current co-tenants in the plaza include an Italian restaurant, laundromat, hair salon, and foot spa, creating a diverse and complementary retail environment. The space is currently a dark shell, offering flexibility for tenant build-out and customization. The asking base rent is $18.00 per square foot, with net charges (as of May 2023) approximately $9.82 per square foot, encompassing pro-rata shares of taxes, common area maintenance (CAM), and insurance. This property presents a remarkable opportunity for businesses seeking a prime retail location in a high-growth area with excellent visibility and strong neighboring businesses. The address is 40-42 NY-303, Tappan, NY 10983, in Rockland County, within the Southern Rockland County submarket cluster. The property is a one-story building. Interior improvements are negotiable.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40-42 Ny-303 Tappan, NY 10983
Tappan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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