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Property profile & analytics
OFF-MARKET
Investment properties
38 Franklin St Nyack, NY 10960-3140
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-6203494
Property summary
AI-generated overview
This exceptional mixed-use investment property, located at 38 S Franklin St in Nyack, NY 10960, presents a compelling opportunity. The property encompasses two buildings totaling 5,357 square feet on a 0.09-acre lot, zoned MIXED. Built in 1900, the two-story structure features four income-generating units: a storefront with a three-bedroom apartment above, and two additional two-bedroom apartments in a separate building. The property currently generates a monthly rental income of $9,247, with all tenants on month-to-month leases and below-market rents, offering significant potential for increased revenue to approximately $11,900 per month. An unfinished basement provides additional development possibilities. The asking price is $1,300,000, translating to $243 per square foot. This prime location in Nyack's vibrant downtown area ensures strong tenant demand and future appreciation. Broker co-op is available.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
3,614 SF
Lot
0.09 ac (3,920 SF)
Zoning code
R-M
APN
392403 66.37-2-50
UPID
US63-6203494
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
-
Melany´s Grocery Department Store
-
Grocery Grocery & Convenience Store Food Market
-
Trendsetters Marketing Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
36-38 S Franklin LLC · 6 yrs held
36-38 S Franklin LLC
since 2019
4 recorded transactions
Zoning & alternative use
R-M · Nyack, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$150,000
Assessed 2023
Previous assessed
$150,000
+0.0% YoY
Assessed land
$31,300
Assessed improvement
$118,700
Land market value
$87,847
Improvement market value
$333,147
Total market value
$420,994
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
2
Total area
3,614 SF
Lot
0.09 ac (3,920 SF)
Zoning code
R-M
APN
392403 66.37-2-50
UPID
US63-6203494
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-M · Nyack, NY
Zoning R-M · permitted uses
R-M · 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.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
2
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
36-38 S Franklin LLC
Entity
Mailing address
49 DECATUR AVE, SPRING VALLEY, NY 10977-7700
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
36 38 S Franklin LLC
—
Deed
related
$685,000 · Kearny Bank
Dec 12, 2019
$610,000
36-38 S Franklin LLC
38 South Franklin Corp
Grant Deed
$560,000 · Broadview Cap LLC
Jul 2, 2007
$572,500
38 South Franklin Corp
Sevy Ronald J
Grant Deed
$425,000 · Waring Investment INC
—
—
38 South Franklin Corp
—
Deed Of Trust
related
$425,000 · Washington Mutual Fsb
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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