30-34 New St - Storefront Retail/Office FOR SALE


Nyack, NY 10960
$2,850,000 USD
516-491-9053
30-34 New St, Nyack, NY for Sale
$2,850,000 USD
Storefront Retail/Office - FOR SALE
1/36
null | 6.04% Cap Rate

30-34 New St
Nyack, NY 10960


HIGHLIGHTS

  • Primed for further multifamily conversion
  • Terrific proximity to downtown Nyack
  • Plenty of on-site parking

OVERVIEW

Exceptional mixed-use investment in the heart of downtown Nyack. This ±7,400 SF DMU-2 zoned building is anchored by two established commercial tenants — a full-scale laundromat and a 27-year operating auto repair/body shop — both to be delivered with new NNN leases in place. The property also includes a separate ±0.07 acre parking parcel, enhancing both utility and long-term redevelopment potential. The upper floors provide stable and value-add residential income. A 900 SF third-floor apartment is currently leased, generating immediate cash flow. In addition, the second floor has already been approved and zoned for two apartments (600 SF each), offering straightforward upside through conversion without further entitlement risk. On a pro forma basis, the building is modeled at a gross income of $241,500 and NOI of $213,675, equating to an investor valuation range of $2.75M–$3.16M at market cap rates. With a strong operating foundation, built-in residential upside, and a prime downtown Nyack location, this property combines present stability with future growth.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

DMU2

APN/PARCEL ID

392403-066-030-0003-068-000-0000,392403-066-030-0003-069-000-0000

ASK ABOUT THIS PROPERTY

Keegan RehillZORA REIMore Info
516-491-9053

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Keegan RehillZORA REIMore Info
516-491-9053

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.