Property profile

306 Main St 10 New City, NY 10956

OFF-MARKET
Strip malls
Property ID
US63-1383580
6,853 SF 0.59 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 306 South Main Street in New City, Rockland County, NY, offers a total of 12,492 square feet of vacant space, currently available for lease. The property is ideally suited for multiple tenants, with a minimum divisible space of 3,123 square feet and a maximum contiguous space of 6,246 square feet. The building's former use as a health food market provides a strong foundation for a variety of retail businesses. The property is situated on Main Street, ensuring high visibility and accessibility for customers. The current owner is actively pursuing a plan to revitalize the building's façade, enhancing its curb appeal and attracting potential tenants. This presents a unique opportunity for businesses seeking a prominent location in a thriving community. The lease structure is a triple net (NNN) lease, providing tenants with predictable and manageable operating costs. With its prime location, flexible space options, and planned improvements, this property represents a compelling investment opportunity for discerning retail businesses. The property's zip code is 10956. The building is situated at latitude 41.1368222 and longitude -73.9902112. This is a rare chance to secure a significant retail presence in the heart of New City.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 6,853 SF
Lot 0.59 ac (25,700 SF)
Zoning code CS
APN 392089 51.7-1-15
UPID US63-1383580

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket

Location

306 Main St, Unit 10 New City, NY 10956-3327
New City metro Census 10804 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.56M

Owner & transaction history

since 2023
Last sale
$1.1M
1 recorded transaction
2023
$1.1M

Zoning & alternative use

CS · New City, NY
Top alternative use upside
Warehouse, storage $2.5M +16.4%

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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