Orangetown, NY 10960

Property

Ownership: For Sale
Type: Multi-Family
Pets: Unknown
Lot Size: 0.06 Acres

Financials

Price:$1,300,000
Annual Taxes:$43,396.58
505 Park Ave, New York, NY 10022
Listing Courtesy of Rand Commercial

Located in the heart of downtown Nyack, this building offers a compelling opportunity to acquire a fully leased mixed use building in one of Rockland County s most walkable river ...

Description

Located in the heart of downtown Nyack, this building offers a compelling opportunity to acquire a fully leased mixed-use building in one of Rockland County’s most walkable river villages. The property comprises approximately 5,285 square feet across three stories, featuring street-level retail space and four (4) one-bedroom residential apartments above. The building is 100% occupied, providing immediate, stabilized income with diversified revenue streams. Originally constructed in 1920 with masonry construction, the property has been fully sprinklered throughout, including all residential units, and the entire building underwent an updated fire and life-safety inspection in 2020/2021, enhancing long-term operational reliability and lender appeal. Situated on North Broadway with approximately 75 feet of frontage, the property benefits from exceptional visibility and foot traffic. The location boasts a Walk Score of 93 (“Walker’s Paradise”), placing tenants within immediate proximity to Nyack’s restaurants, shops, and transit options. The site encompasses approximately 0.06 acres and is zoned DMU-1 allowing for a broad range of commercial and residential uses.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.