357 Ny-59 West Nyack, NY 10994
- Specialty properties
- 4,460 SF
- 1.41 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Balloon Store / Candy Store
- Skunk Funk / Corporate Campus / Wholesaler
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 357 Ny-59
- Lot size
- 1.41 lot acres
- Property size
- 4,460 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: This 4,460 square foot, fully occupied car wash in West Nyack, NY, presents a compelling return. Boasting a 7.00% cap rate and a strong NOI of $457,780, this property offers a secure, long-term investment with a 21-year absolute triple net (NNN) lease commencing April 1, 2023, and expiring March 30, 2044. The lease includes 2.00% annual rental increases, minimizing landlord responsibilities. Situated on a 1.41-acre lot at 357 NY-59, this high-exposure location benefits from proximity to Interstate 87, experiencing high daily traffic volume (150,000 vehicles). The affluent surrounding area, with average household incomes exceeding $150,000, and its location directly across from the Palisades Center (13th largest mall in the US), ensures a robust consumer base. The property, renovated in 1984, offers a price per square foot of $1,466.30 and an asking price of $6,539,714. This is a rare chance to acquire a stable, high-performing asset in a prime New York market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Nyack
- County
- Rockland
- State
- New York
- Longitude
- -73.9549
- Latitude
- 41.0938
