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    401 Ny-59 Monsey, NY 10952
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    401 Ny-59 Monsey, NY 10952

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    • Retail properties & Spaces
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    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 401 Ny-59

    Property type
    Retail properties & Spaces

    Description

    Atrium Plaza offers a fantastic retail opportunity in a thriving Monsey, NY location on Route 59. This multiple-tenancy retail center boasts 2,200 square feet of immediately available space, perfect for a variety of businesses. The property is zoned GB and features a strong tenant mix, including established businesses such as Atrium Grand Ballroom, Chase Bank, Majestic Bride, Twinkle Baby Boutique, TAG, Natali, Tina Nail, Mom 2 B Maternity, Sleeptight Bedding, Sage Kids, Valu Clean, and 1866 Shaimos. This ensures high foot traffic and a vibrant atmosphere, ideal for attracting customers. The available space is part of a well-maintained building, providing a professional and inviting environment for your business. The property's strategic location on Route 59 offers excellent visibility and accessibility, making it an attractive destination for shoppers. This is a rare opportunity to establish your business in a bustling commercial center with a proven track record of success. The property's APN is 392605-056-060-0001-001-000-0000. Don't miss out on this chance to become part of a thriving retail community. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monsey
    County
    Rockland
    State
    New York
    Longitude
    -74.0611
    Latitude
    41.1077

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      419 Ny-59

      Retail properties & Spaces • 1,440 SF
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    • Value Estimation by Request
      2,200 SF

      421 Rte

      Retail properties & Spaces • 2,200 SF
      421 Rte, New York, NY 10952
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    • Value Estimation by Request
      0.18 Acres

      1 Main St

      PARKING LOT • 0.18 Acres
      1 Main St, Monsey, NY 10952-3704
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    • Value Estimation by Request
      0.11 Acres

      1 Main St

      PARKING LOT • 0.11 Acres
      1 Main St, Monsey, NY 10952-3704
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    • Value Estimation by Request
      1,825 SF

      115 Rte 59

      AUTO REPAIR, GARAGE • 1,825 SF
      115 Rte 59, Monsey, NY 10952-3907
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    • Value Estimation
      $1,290,000
      4,320 SF

      2 College Rd, Unit 10

      SHOPPING CENTER, STRIP CENTER • 4,320 SF
      2 College Rd, Airmont, NY 10952-2821
      View Details

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    Similar Nearby for Lease

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      Monsey Retail Space on Route 59

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    • Contact for pricing

      Monsey Retail Space on Route 59

      Retail space available on highly trafficked Route 59.
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      Monsey Retail Space on Route 59

      Retail space for lease on highly trafficked Route 59.
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    Monsey, 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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