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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Strip malls
414 Rte 59, Airmont, NY 10952-3531
Entity Owned
18-yr Hold
Free & Clear
Property ID
US63-0236070
Property summary
AI-generated overview
This exceptional 7,040-square-foot retail property, located at 414 Route 59 in Airmont, NY (zip code 10952), presents a prime opportunity for multiple tenants. Situated in Rockland County, this commercial space is zoned NS and offers flexible leasing options. The property features a minimum divisible space of 1,520 square feet, with a maximum contiguous space of 2,000 square feet. Currently, the entire 7,040 square feet is vacant, providing a blank canvas for prospective businesses. The layout includes 1,200 square feet of ground-level space and an additional 800 square feet of showroom space in the lower level. This high-traffic location on Route 59 benefits from a strong existing tenant mix in the area. Lease terms include a base rent with annual increases of 4% or CPI, whichever is greater. Note that there is an annual sprinkler maintenance fee of $800. This property is ideal for businesses seeking high visibility and accessibility in a thriving commercial district. The property's address is 414 Route 59, Monsey, NY 10952.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
7,490 SF
Lot
0.93 ac (40,511 SF)
Zoning code
05 - COMMERCIAL
APN
392621 56.10-1-4
UPID
US63-0236070
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
414 Route 59 Realty Co LLC · 18 yrs held
414 Route 59 Realty Co LLC
since 2007
1 recorded transaction
Zoning & alternative use
05 - COMMERCIAL · Airmont, 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 Airmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Airmont 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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$93 / 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
$125,000
Assessed 2023
Previous assessed
$125,000
+0.0% YoY
Assessed land
$75,000
Assessed improvement
$50,000
Land market value
$180,000
Improvement market value
$120,000
Total market value
$300,000
Applied tax rate
392,602.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
7,490 SF
Lot
0.93 ac (40,511 SF)
Zoning code
05 - COMMERCIAL
APN
392621 56.10-1-4
UPID
US63-0236070
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
05 - COMMERCIAL · Airmont, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Airmont, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Airmont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
414 Route 59 Realty Co LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 651, NANUET, NY 10954-0651
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2007
$1,500,000
414 Route 59 Realty Co LLC
224 Kencal Realty Corp
Grant Deed
—
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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