70 BroadwayNyack, NY 10960

Property Details for 70 Broadway

Year built

1880

Lot size

0.16 AC

Property size (Sq ft)

3,594 SF

Zone code

R-O

Property type

Office properties

Property subtype

Office buildings

APN

392403 66.30-1-21

APU

3924036630121

Description

This exceptional investment property presents a rare opportunity to acquire a substantial multi-family portfolio in the vibrant town of Nyack, NY. Located at 70 S Broadway, this offering encompasses 5,125 square feet of space distributed across four buildings situated on two tax lots within a single 0.07-acre parcel. The property's centerpiece is arguably the largest and most impressive two-level storefront on Broadway, offering significant potential for retail or commercial ventures. The substantial rental income is generated by eleven individual apartments, providing a stable and potentially lucrative cash flow. The property's long-term ownership history, with this being its first appearance on the open market in many years, speaks to its enduring value and stability. This unique combination of commercial and residential space presents a compelling investment opportunity for discerning buyers seeking a high-yield property in a desirable location. The property's size and location on a busy thoroughfare offer significant upside potential for future development or expansion. The dual tax lots provide flexibility for future planning and potential redevelopment opportunities. This is a truly unique offering, ideal for investors seeking a strong return on investment in a thriving Hudson Valley community. Serious inquiries are encouraged to explore the full potential of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $594,196

  6.5%

  $548,488

  7%

  $509,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $469,592

  Geo Method

  $469,592

• Alternative Use

  Use

  Valuation

  Residential

  $680,125

  Hospitality

  $622,991

  Educational

  $518,321

  Medical

  $536,147

  Retail

  $806,278

Location Insight

City

Nyack

County

Rockland

State

New York

Latitude

41.0929

Longitude

-73.9181

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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