Property profile

414 Rte 59 Airmont, NY 10952

OFF-MARKET
Strip malls
Property ID
US63-0236070
7,490 SF 0.93 ac lot Built 1975
Entity Owned 19-yr Hold Free & Clear
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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

Location

414 Rte 59 Airmont, NY 10952-3531
Airmont metro Census 12505 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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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

since 2007
1 recorded transaction
2007
$1.5M

Zoning & alternative use

05 - COMMERCIAL · Airmont, NY

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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