Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    272 Main St New City, NY 10956
    Back to Search
    Property profile & analytics

    272 Main St New City, NY 10956

    View on Map
    • Retail properties & Spaces
    • 43,935 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 272 Main St

    Property size
    43,935 SF
    Property type
    Retail properties & Spaces

    Description

    Main Street Plaza, located at 272-300 South Main Street in New City, Rockland County, NY 10956, offers a prime retail space totaling 1,495 square feet (18' x 83'). This space is part of a larger 43,935 square foot retail strip center boasting excellent visibility and abundant parking. The property benefits from convenient access from both Main Street and Route 304, ensuring high traffic exposure. Strong co-tenancy includes CVS Pharmacy, Retro Fitness, Great American Cookies, Integrative Health of Rockland, Time Nails, and New City Kosher Deli. The area also features a robust concentration of national and regional retailers such as Stop & Shop, DeCicco & Sons, Ocean State Job Lot, ShopRite, Verizon, Subway, Chase, McDonald's, Citibank, Dunkin', Edward Jones, TDBank, Burger King, Tutor Time, and Key Bank. High traffic counts are a significant advantage, with 8,651 cars per day on South Main Street and 19,754 cars per day along NY 304. Pylon signage is available. The property's common area maintenance and taxes are $10.50 per square foot. This location presents a compelling opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New City
    County
    Rockland
    State
    New York
    Longitude
    -73.9908
    Latitude
    41.1382

    Comparable in this City

    • Value Estimation by Request
      8,750 SF

      303 Little Tor Rd

      Retail properties & Spaces • 8,750 SF
      303 Little Tor Rd, New City, NY 10956
      View Details
    • Value Estimation by Request
      43,935 SF

      272 Main St

      Retail properties & Spaces • 43,935 SF
      272 Main St, New City, NY 10956
      View Details
    • Value Estimation by Request
      2,288 SF

      159 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,288 SF
      159 Main St, New City, NY 10956-3315
      View Details
    • Value Estimation
      $525,000
      1,972 SF

      233 Main St

      GAS STATION • 1,972 SF
      233 Main St, New City, NY 10956-3317
      View Details
    • Value Estimation
      $1,215,000
      1,680 SF

      451 Clarkstown Rd

      GAS STATION • 1,680 SF
      451 Clarkstown Rd, New City, NY 10956-7041
      View Details
    • Value Estimation
      $915,000
      8,848 SF

      13 Cavalry Dr

      FINANCIAL BUILDING • 8,848 SF
      13 Cavalry Dr, New City, NY 10956
      View Details

    Similar Nearby for Sale

    • $749,000

      Commercial Building in Prime Location

      Freestanding commercial building with two distinct spaces in New City.
      96 Maple Ave, New City, NY 10956
      View Details
    • $749,000
      0.17 Acres

      Commercial Building in Prime Location

      Freestanding commercial building in New City, NY with two spaces.
      96 Maple Ave, New City, NY 10956
      View Details
    • $4,000,000
      Pending

      Turn-Key Gas Station Business

      Gas station with convenience store and bays for sale.
      279 S Little Tor Rd, New City, NY 10956
      View Details
    • $749,000

      Prime New City Investment Opportunity

      Freestanding commercial building with two spaces in New City.
      96 Maple Ave, New City, NY 10956
      View Details
    • $2,300,000

      Renovated Office Building For Sale

      Recently renovated office building in prime location, ideal for owner-user.
      7 Elmwood Dr, New City, NY 10956
      View Details

    Similar Nearby for Lease

    • $800 /Mo

      Office/Retail Space for Rent

      Office/retail space featuring an open layout and kitchenette.
      20 South Main St, New City, NY 10956
      View Details
    • $30 SF/Yr

      Prime Retail Space on Main

      Retail space for lease in New City, NY.
      47-53 S Main St, New City, NY 10956
      View Details
    • Contact for pricing

      Retail Space in Grocery Anchored Center

      Prime retail opportunity in a key market area.
      180 N Main St, New City, NY 10956
      View Details
    • Contact for pricing
      1,624 SF

      Retail Space in New City

      Retail space available for lease in New City, NY.
      16 N Main St, New City, NY 10956
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    272 Main St
    New City, NY 10956
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    272 Main St, New City, NY, 10956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!