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Property profile & analytics
OFF-MARKET
Estimated value
$11,320,000
Community centers
16 Rte 59, Nyack, NY 10960-2913
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-1607892
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2011
Total area
13,152 SF
Lot
1.72 ac (74,923 SF)
Zoning code
C-2
APN
392403 65.36-1-23
UPID
US63-1607892
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.61M
CAP Approach
CAP
$9.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.32M
Owner & transaction history
4-10 North Hyland Dev LLC · 6 yrs held
4-10 North Hyland Dev LLC
since 2020
Last sale
$11.7M
7 recorded transactions
Zoning & alternative use
C-2 · Nyack, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.6M
+85.9%
Office building
$6.8M
+67.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nyack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nyack submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$12,610,000
CAP Approach
CAP Return
Estimation
6%
$10,145,000
6.5%
$9,365,000
7%
$8,695,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,550,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$6,795,000
Change: +67% · Conversion: Moderate
Blend value · Realmo final
$11.32M
Range $10.19M – $12.45M · ±10% · vs last sale $11.65M (Jan 31 2020)
Last sale anchor
$11.65M
Jan 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$861 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,104,800
Assessed 2023
Previous assessed
$1,104,800
+0.0% YoY
Assessed land
$196,400
Assessed improvement
$908,400
Land market value
$551,221
Improvement market value
$2,549,537
Total market value
$3,100,758
Applied tax rate
392,404.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Stories
2
Total area
13,152 SF
Lot
1.72 ac (74,923 SF)
Zoning code
C-2
APN
392403 65.36-1-23
UPID
US63-1607892
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Nyack, NY
Zoning C-2 · permitted uses
C-2 · Nyack, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nyack. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
2
Buildings
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
4-10 North Hyland Dev LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$11,652,174
4-10 North Hyland Dev LLC
Rkt Nyack LLC
Grant Deed
—
Jan 31, 2020
—
4-10 North Hyland Dev LLC
—
Deed
related
$6,400,000 · Citi R/e Fndg INC
Feb 13, 2019
—
Rkt Nyack LLC
—
Loan Modification
related
$7,350,000 · Northern Tr
Aug 29, 2014
—
Rkt Nyack LLC
—
Loan Modification, Consolidation And Extension
related
$7,350,000 · Northern Tr
Jul 23, 2012
$10,500,000
Rkt Nyack LLC
Nyack 59 LLC
Grant Deed
related
—
Jul 26, 2011
$1,900,000
Nyack 59 LLC
Hilltop Nyack Corp
Grant Deed
related
—
—
—
4-10 North Hyland Dev LLC
—
Loan Modification
related
$6,400,000 · Citi R/e Fndg INC
—
—
Rkt Nyack LLC
—
Deed Of Trust
related
$144,710 · Northern Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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