Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    206 Rte 59 Nanuet, NY 10954-2219
    Back to Search
    Property profile & analytics

    206 Rte 59, Nanuet, NY 10954-2219

    View on Map
    • Investment properties
    • 16,944 SF
    • 1.59 lot acres
    Off-Market
    Last Sale Oct 9, 2020
    $3,300,000
    Property ID
    US63-2688457
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,810,000
    Show details
    Cap Rate Potential
    2.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 206 Rte 59

    Year built
    1978
    Lot size
    1.59 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    392089 57.20-1-14
    APU
    3920895720114

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2020 $3,300,000 Pk Tarrytown LLC Boyiatzis Holdings Co LLC Bargain And Sale Deed $2.5M · Hudson Valley FCU
    Oct 21, 2011 — Boyiatzis Holdings Co LLC Caliopi,stratigakis Quit Claim Deed · related —
    Dec 29, 2008 — Caliopi Stratigakis Stratigakis,nicholas & Calliope Quit Claim Deed · related —
    Jan 26, 2006 $2,775,000 Nicholas Stratigakis Jostan Realty Ltd Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,859,000
      Market price range: $4.86M - $8.70M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,215,000
      Current use
      WAREHOUSE, STORAGE
      $6,090,000
      Change: -2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,235,000
      Change: -16% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $5,050,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nanuet
    County
    Rockland
    State
    New York
    Longitude
    -74.02
    Latitude
    41.1009
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $134,500
    $406,400
    $540,900
    -
    $195,248
    $589,952
    $785,200

    Comparable in this City

    • Value Estimation by Request
      2,448 SF

      81 Rte 59

      STORE/OFFICE (MIXED USE)
      81 Rte 59, Nanuet, NY 10954-2902
      View Details
    • Value Estimation
      $550,000
      4,755 SF

      161 Main St

      STORE/OFFICE (MIXED USE)
      161 Main St, Nanuet, NY 10954-2878
      View Details
    • Value Estimation
      $15,530,000
      121,665 SF

      111 Demarest Ml W Rd, Unit 119

      STORE/OFFICE (MIXED USE)
      111 Demarest Ml W Rd, Nanuet, NY 10954-2920
      View Details
    • Value Estimation
      $515,000
      1,750 SF

      149 Main St

      STORE/OFFICE (MIXED USE)
      149 Main St, Nanuet, NY 10954-2804
      View Details
    • Value Estimation
      $820,000
      9,414 SF

      347 Rte 59

      STORE/OFFICE (MIXED USE)
      347 Rte 59, Nanuet, NY 10954-2232
      View Details
    • Value Estimation
      $1,520,000
      10,920 SF

      209 Rte 59

      STORE/OFFICE (MIXED USE)
      209 Rte 59, Nanuet, NY 10954-2218
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building in Clarkstown with high visibility.
      133 Route 304, Nanuet, NY 10954
      View Details
    • Contact for pricing

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building in Clarkstown, Route 304 corridor.
      133 Route 304, Clarkstown, NY 10954
      View Details
    • $1,500,000

      Bardonia Commercial Building For Sale

      Commercial building in Bardonia with multiple spaces for lease.
      133 Route 304, Nanuet, NY 10954
      View Details
    • $1,950,000

      Furnished Medical Office Building

      Turnkey medical office in Rockland County's busiest commercial district.
      57 N Middletown Rd, Nanuet, NY 10954
      View Details
    • Contact for pricing
      8,400 SF

      Retail Site in Rockland County

      8,400 SF retail site in Nanuet, NY for sale.
      123 Ny-59, Nanuet, NY 10954
      View Details

    Similar Nearby for Lease

    • $1,960 /Mo

      Nanuet Office Suite For Rent

      Well-maintained office suite with flexible space and convenient location.
      75 N Middletown Rd, Nanuet, NY 10954
      View Details
    • Contact for pricing
      650 SF

      Nanuet Office Space For Rent

      Basement level office space available in Nanuet, New York.
      227 S Middletown Rd, Nanuet, NY 10954
      View Details
    • New
      $3,500 /Mo
      3,920 SF

      Updated Retail Storefront Suite

      Updated storefront available in a high-visibility, high-traffic area with utilities including heating, cooling, and lighting.
      129 Main St, Nanuet, NY 10954
      View Details
    • New
      $3,500 /Mo

      Updated Storefront for Lease

      Updated storefront space on a high-visibility, high-foot-traffic corridor near transit and local retail.
      129 Main St, Nanuet, NY 10954
      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.
    206 Rte 59
    Nanuet, NY 10954-2219
    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
    206 Rte 59, Nanuet, NY, 10954
    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!