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Property profile & analytics
FOR LEASE
Office buildings
345 N Main St 1-2, New City, NY 10956
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3639245
For Lease
1 / 6
$25 SF/Yr
345 N Main St,Unit 1-2, New City, NY 10956
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Property summary
AI-generated overview
This exceptional commercial office space, located at 345 N Main St, New City, NY 10956, offers 1,649 square feet of vacant space within a larger 30,019 square foot building. Built in 2007 and renovated in 2008, the property boasts a desirable location next to a park and near numerous shops and restaurants. The space is zoned LO and features a flexible layout ideal for customization. Two units are available, ranging from 1,618 to 2,069 square feet. The building offers abundant natural light through expansive windows. This presents a unique opportunity to create a workspace tailored to your specific business needs and aesthetic preferences, whether modern or inviting. The proportionate share of the building is 31.25%. This is a rare chance to establish your business in a vibrant and convenient location.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1965
Total area
5,548 SF
Lot
3 ac (130,680 SF)
Zoning code
LO
APN
392089 34.19-1-6
UPID
US63-3639245
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
Current use
Occupant on record · Public records
-
Dr. Andrew Kass Dental Office
-
Dynamic Dental Arts Of Rockland Dental Office
-
Susan I. Brennan, L.Ac. Medical Clinic Alternative Medicine Practice
-
Michael galgano, IBNA Real Estate Group Real Estate Agency
-
David S. Wilde, LCSW, JD, Psychotherapist & Marriage/Family Coach Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$2.17M
Owner & transaction history
C & M 345 North Main Street LLC · 20 yrs held
C & M 345 North Main Street LLC
since 2005
3 recorded transactions
Zoning & alternative use
LO · New City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+11.1%
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 New City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New City 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,815,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,865,000
Current use
AUTO REPAIR, GARAGE
$3,185,000
Change: +11% · Conversion: Difficult
RESTAURANT
$2,845,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10%
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
$390 / 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
$1,150,000
Assessed 2023
Previous assessed
$1,150,000
+0.0% YoY
Assessed land
$144,000
Assessed improvement
$1,006,000
Land market value
$49,461
Improvement market value
$345,539
Total market value
$395,000
Applied tax rate
392,001.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1965
Heating
NONE
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
5,548 SF
Lot
3 ac (130,680 SF)
Zoning code
LO
APN
392089 34.19-1-6
UPID
US63-3639245
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LO · New City, NY
Zoning LO · permitted uses
LO · New City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
C & M 345 North Main Street LLC
Entity
Mailing address
2541 BOSTON RD, BRONX, NY 10467-9003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2005
—
C & M 345 North Main Street LLC
—
Trustees Deed
related
$2,825,000 · Union State Bank
—
—
C Ll
—
Deed Of Trust
related
$2,500,000 · Putnam County Savings Bank
—
—
C Ll
—
Deed Of Trust
related
$500,000 · Putnam County Savings Bank
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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