176 Maple AveMonsey, NY 10952

Property Details for 176 Maple Ave

Year built

2017

Lot size

0.35 AC

Property size (Sq ft)

8,732 SF

Zone code

R-15C

Property type

Showrooms

APN

392689 56.08-3-56

APU

3926895608356

Description

This exceptional 11,248 square foot retail property located at 176 Maple Ave, Monsey, NY, presents a unique investment opportunity. Situated on a 0.35-acre lot in a high-traffic area, this established grocery store boasts significant expansion potential. The current business includes approximately $1.5 million worth of equipment, ready for immediate operation, and features a layout conducive to adding a takeout, bakery, meat, and fish department. The building also includes 22 fully occupied offices, generating substantial rental income with ample room for growth. The property offers 24 parking spaces and a powerful generator, ensuring uninterrupted operations. Financial records detailing current income ($74,588.5 monthly) and expenses are available in the listing documents. The new owner can potentially increase monthly income to over $200,000 through strategic expansion and operational improvements. Further expansion opportunities include finishing a fifth floor for additional revenue and adding 800 square feet to the existing supermarket. This turnkey operation offers immediate returns and significant long-term growth prospects in a prime Monsey location. The property also includes a detached garage with parking for four or more vehicles.

• CAP approach

  CAP return

  Valuation

  6%

  $2,122,181

  6.5%

  $1,958,936

  7%

  $1,819,012

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,875,126

  Geo Method

  $2,875,126

• Alternative Use

  Use

  Valuation

  Residential

  $1,652,436

  Hospitality

  $1,513,622

  Educational

  $1,259,316

  Medical

  $1,302,626

  Retail

  $1,958,936

Location Insight

City

Monsey

County

Rockland

State

New York

Latitude

41.1169

Longitude

-74.0605

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].