Property profile

76 Main St New City, NY 10956

OFF-MARKET
Banks
Property ID
US63-3981159
2,567 SF 0.96 ac lot Built 1970
Individually Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

76 Main St New City, NY 10956-3719
New City metro Census 10803 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$578k
Blend (final) Blend
$530k

Owner & transaction history

since 2018
4 recorded transactions
2022
Price N/A
2018
Price N/A
2005
$200,000
2005
Price N/A

Zoning & alternative use

CS · New City, NY
Top alternative use upside
Commercial (general) $545,000 +35.7%
Auto repair, garage $510,000 +26.9%
Office building $440,000 +9.5%

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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