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    741 Nyack Rd West Nyack, NY 10994-1946
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    Property profile & analytics

    741 Nyack Rd, West Nyack, NY 10994-1946

    View on Map
    • Investment properties
    • 1,650 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Sep 24, 2024
    $720,000
    Property ID
    US63-0814844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cooling Heating-Master Plmbrs / Hardware & Home Improvement / HVAC Service
    • Beth Capuano Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 741 Nyack Rd

    Year built
    1922
    Lot size
    0.23 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    392089 65.5-2-28
    APU
    392089655228

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 24, 2024 $720,000 Okp Properties LLC Pixel Realty LLC Bargain And Sale Deed —
    Jan 7, 2011 $435,000 Pixel Realty LLC 741 West Nyack Road LLC Grant Deed $326k · Putnam County Savings Bank
    Nov 30, 2010 — 741 West Nyack LLC 741 West Nyack Road LLC Deed In Lieu Of Foreclosure · related —
    May 13, 2010 — Thomas M Dibenedetto — Trustees Deed · related $50k · Kenneth J Torsoe
    Jan 29, 2010 — 741 West Nyack Road LLC — Trustees Deed · related $50k · Kenneth J Torsoe
    Dec 7, 2009 — Thomas M Dibenedetto — Trustees Deed · related $135k · Kenneth J Torsoe
    Apr 18, 2008 — Thomas M Dibenedetto — Trustees Deed · related $275k · Torsoe Properties INC
    Nov 1, 2006 $490,000 741 West Nyack Road LLC Cadi Ltd Grant Deed $363k · Provident Bank INC
    — — Thomas M Dibenedetto — Deed Of Trust · related $50k · Kenneth J Torsoe
    — — Thomas M Dibenedetto — Deed Of Trust · related $220k · Kenneth J Torsoe
    — — 741 West Nyack Road LLC — Deed Of Trust · related $110k · Provident Bank INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $720,000
      ML approach
      $720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $555,000
      6.5%
      $515,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $624,000
      Market price range: $473k - $847k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $605,000
      Current use
      AUTO REPAIR, GARAGE
      $945,000
      Change: +56% Conversion: Difficult
      OFFICE BUILDING
      $850,000
      Change: +41% Conversion: Easy
      WAREHOUSE, STORAGE
      $595,000
      Change: -2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $510,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.9664
    Latitude
    41.094
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $25,000
    $71,800
    $96,800
    -
    $25,000
    $71,800
    $96,800

    Comparable in this City

    • Value Estimation by Request
      2,736 SF

      60 Germonds Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      60 Germonds Rd, West Nyack, NY 10994-1107
      View Details
    • Value Estimation
      $1,630,000
      6,790 SF

      747 Nyack Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      747 Nyack Rd, West Nyack, NY 10994-1967
      View Details
    • Value Estimation by Request
      3,178 SF

      6 Rockford Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      6 Rockford Dr, West Nyack, NY 10994-1212
      View Details
    • Value Estimation by Request
      3,600 SF

      740 Nyack Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      740 Nyack Rd, West Nyack, NY 10994-1971
      View Details
    • Value Estimation
      $690,000
      5,545 SF

      12 Deforest Ct

      OFFICE/RESIDENTIAL (MIXED USE)
      12 Deforest Ct, West Nyack, NY 10994-1327
      View Details
    • Value Estimation by Request
      2,969 SF

      20 Demarest Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      20 Demarest Ave, West Nyack, NY 10994-1803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,718 SF

      West Nyack Mixed-Use Office Building

      Freestanding Office & Residential Property
      145 Ny-303, West Nyack, NY 10994
      View Details
    • Contact for pricing

      Mixed-Use Site For Redevelopment

      Mixed-use site for self-storage redevelopment with high traffic visibility.
      100 Snake Hill Rd, West Nyack, NY 10994
      View Details
    • Contact for pricing
      5,765 SF

      West Nyack Value-Add Opportunity

      Freestanding building on Route 303 with redevelopment potential.
      78 Route 303 N, West Nyack, NY 10994
      View Details
    • $250,000
      0.42 Acres

      West Nyack Buildable Lot

      Residential land for single family dwelling in West Nyack.
      18 Scotty Ln, West Nyack, NY 10994
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,500 SF

      Freestanding Flex Facility For Rent

      Freestanding flex facility with easy access to major routes.
      44 High St, West Nyack, NY 10994
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space Near Palisades Center

      Retail/restaurant/medical space across from Palisades Center Mall.
      130 Route 303 N, West Nyack, NY 10994
      View Details
    • Contact for pricing

      West Nyack Warehouse Space

      Warehouse space available for lease in West Nyack, NY.
      167 Western Hwy North, West Nyack, NY 10994
      View Details
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    West Nyack, NY 10994-1946
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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