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Property profile & analytics
OFF-MARKET Estimated value $1,260,000
Office buildings

70 Broadway Nyack, NY 10960-2652

3,594 SF 0.16 ac lot Built 1880
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-2915845
Property summary
AI-generated overview

This exceptional investment property presents a rare opportunity to acquire a substantial multi-family portfolio in the vibrant town of Nyack, NY. Located at 70 S Broadway, this offering encompasses 5,125 square feet of space distributed across four buildings situated on two tax lots within a single 0.07-acre parcel. The property's centerpiece is arguably the largest and most impressive two-level storefront on Broadway, offering significant potential for retail or commercial ventures. The substantial rental income is generated by eleven individual apartments, providing a stable and potentially lucrative cash flow. The property's long-term ownership history, with this being its first appearance on the open market in many years, speaks to its enduring value and stability. This unique combination of commercial and residential space presents a compelling investment opportunity for discerning buyers seeking a high-yield property in a desirable location. The property's size and location on a busy thoroughfare offer significant upside potential for future development or expansion. The dual tax lots provide flexibility for future planning and potential redevelopment opportunities. This is a truly unique offering, ideal for investors seeking a strong return on investment in a thriving Hudson Valley community. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1880
Total area 3,594 SF
Lot 0.16 ac (6,970 SF)
Zoning code R-O
APN 392403 66.30-1-21
UPID US63-2915845
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
$1.26M
CAP Approach CAP
$1.68M
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.26M
Owner & transaction history
Avaella LLC · 4 yrs held
Avaella LLC
since 2022
Last sale
$860,000
1 recorded transaction
2022
$860,000
Zoning & alternative use
R-O · Nyack, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.1M +11.1%
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