25 Smith StNanuet, NY 10954

Property Details for 25 Smith St

Year built

1987

Lot size

2.02 AC

Property size (Sq ft)

33,392 SF

Zone code

R5

Property type

Office buildings

APN

392089 64.6-1-10

APU

392089646110

Description

This exceptional creative office building, located at 25 Smith Street in Nanuet, NY, offers 18,944 square feet of completely vacant space, ideal for a single tenant or multiple occupants. The property is zoned RS and situated in Rockland County, providing easy access to major thoroughfares like Routes 304 and 59. The building boasts two elevators and ample parking, catering to the needs of a diverse workforce. Suites range from a minimum of 350 square feet to a maximum contiguous space of 7,482 square feet, offering flexibility for businesses of various sizes. The building's design incorporates two structures connected by a convenient breezeway. The building is well-maintained and presents a fantastic opportunity for businesses seeking a prominent location in the heart of Nanuet's commercial district. The listed rental rate is base rent

• CAP approach

  CAP return

  Valuation

  6%

  $5,520,695

  6.5%

  $5,096,026

  7%

  $4,732,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,362,998

  Geo Method

  $4,362,998

• Alternative Use

  Use

  Valuation

  Residential

  $6,319,072

  Hospitality

  $5,788,236

  Educational

  $4,815,744

  Medical

  $4,981,366

  Retail

  $7,491,158

Location Insight

City

Nanuet

County

Rockland

State

New York

Latitude

41.0958

Longitude

-73.9997

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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