The Residences at Riverhill 59 offer a compelling investment opportunity in Central Nyack within Rockland County, featuring 29 free-market residential units. The property spans two garden-style walk-up buildings set over approximately 1.58 acres, providing a well-maintained, income-producing asset. Originally built in the 1970s with brick and wood-frame construction, the complex has undergone consistent upgrades, including modernized kitchens, stainless steel appliances, updated baths, and hardwood flooring. Renovated interiors feature LED lighting, new windows, and efficient heating systems.
With a favorable unit mix of one-, two-, and three-bedroom configurations and ample parking—approximately 60 spaces—the property supports long-term tenant retention. Investors benefit from strong in-place NOI of $521,754 and projected upside with a gross rent roll of $870,000. Located just off Route 59 and minutes from the Governor Cuomo Bridge, the site boasts proximity to major retail, employment hubs, and regional transportation, enhancing its rental demand profile.