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    Property profile & analytics
    OFF-MARKET Estimated value $555,000
    Banks

    76 Main St, New City, NY 10956-3719

    2,567 SF 0.96 ac lot Built 1970
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US63-3981159
    Property summary
    AI-generated overview

    This exceptional 2,596-square-foot freestanding bank pad presents a unique opportunity for financial institutions seeking a high-visibility location in the thriving New City market of Rockland County, New York. Situated at 76 Main St, 10956, this single-tenant property offers immediate occupancy with no existing tenants. The building's prominent location is directly in front of a shopping center, ensuring high foot traffic and excellent brand exposure. The entire 2,596 square feet is currently vacant, providing a blank canvas for a customized build-out to perfectly suit the needs of a financial institution. This retail space is categorized as a bank pad, suggesting it's ideally suited for banking operations, but could potentially be adapted for other suitable uses, subject to local zoning regulations. The property's address is 76 Main St, New City, NY 10956, within Rockland County. Its geographic coordinates are latitude 41.1448574 and longitude -73.9899264. This prime location offers unparalleled access to a dense population base and significant commercial activity. The property's size and visibility make it an ideal location for establishing a strong presence in the community. This is a rare opportunity to secure a highly desirable retail space in a prime location. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1970
    Total area 2,567 SF
    Lot 0.96 ac (41,818 SF)
    Zoning code CS
    APN 392089 43.15-1-21
    UPID US63-3981159
    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
    • PCSB Bank - New City Branch Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $530k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $578k
    Blend (final) Blend
    $555k
    Owner & transaction history
    John Ceresnak · 7 yrs held
    John Ceresnak
    since 2018
    4 recorded transactions
    2022
    2018
    2005
    $200,000
    2005
    Zoning & alternative use
    CS · New City, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $545,000 +35.7%
    Auto repair, garage $510,000 +26.9%
    Office building $440,000 +9.5%
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