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Property profile

20 Broadway Nyack, NY 10960

OFF-MARKET
Banks
Property ID
US63-3926855
View Sample
10,271 SF 0.23 ac lot Built 1970
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 5,000-square-foot restaurant space, located at 20 S Broadway in the vibrant village of Nyack, Rockland County, presents a remarkable opportunity for a variety of businesses. The first floor features a spacious, open layout ideal for a restaurant, retail establishment, or professional office, boasting ceiling heights ranging from 12.3 to 14.3 feet. Fully equipped for restaurant use, it includes three restrooms, two vented hoods, a large kitchen and prep area with multiple sinks, and a massive 22-foot hood. Added conveniences include a dumbwaiter, a bar area with existing taps, and a pizza oven. An elevator ensures easy access to the lower level. The basement offers an additional 3,200 usable square feet, perfect for storage, back-of-house operations, or additional office space. This area includes a private office with a bathroom and a safe. Dual stairwells and multiple egress points provide excellent accessibility. Outdoor seating is available both front and back. The property benefits from high foot traffic and visibility in Nyack's bustling village center. The monthly rent is $16,600, with gas and electric meters already installed. This adaptable space is perfect for restaurants, retailers, or businesses seeking a unique office environment.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Total area 10,271 SF
Lot 0.23 ac (10,019 SF)
Zoning code C-1
APN 392403 66.30-3-65.2
UPID US63-3926855

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.65M
Blend (final) Blend
$920k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

C-1 · Nyack, NY
Top alternative use upside
Auto repair, garage $2.0M +26.9%
Restaurant $2.0M +24.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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