176 Maple AveMonsey, NY 10952

Property Details for 176 Maple Ave

Year built

2017

Lot size

0.35 AC

Property size (Sq ft)

8,732 SF

Zone code

R-15C

Property type

Other commercial real estate

Property subtype

Showrooms

APN

392689 56.08-3-56

APU

3926895608356

Description

This exceptional 11,248 square foot retail property located at 176 Maple Ave, Monsey, NY, presents a unique investment opportunity. Situated on a 0.35-acre lot in a high-traffic area, this established grocery store boasts significant expansion potential. The current business includes approximately $1.5 million worth of equipment, ready for immediate operation, and features a layout conducive to adding a takeout, bakery, meat, and fish department. The building also includes 22 fully occupied offices, generating substantial rental income with ample room for growth. The property offers 24 parking spaces and a powerful generator, ensuring uninterrupted operations. Financial records detailing current income ($74,588.5 monthly) and expenses are available in the listing documents. The new owner can potentially increase monthly income to over $200,000 through strategic expansion and operational improvements. Further expansion opportunities include finishing a fifth floor for additional revenue and adding 800 square feet to the existing supermarket. This turnkey operation offers immediate returns and significant long-term growth prospects in a prime Monsey location. The property also includes a detached garage with parking for four or more vehicles.

• CAP approach

  CAP return

  Valuation

  6%

  $2,122,181

  6.5%

  $1,958,936

  7%

  $1,819,012

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,875,126

  Geo Method

  $2,875,126

• Alternative Use

  Use

  Valuation

  Residential

  $1,652,436

  Hospitality

  $1,513,622

  Educational

  $1,259,316

  Medical

  $1,302,626

  Retail

  $1,958,936

Location Insight

City

Monsey

County

Rockland

State

New York

Latitude

41.1169

Longitude

-74.0605

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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