20 BroadwayNyack, NY 10960

Property Details for 20 Broadway

Year built

1970

Lot size

0.23 AC

Property size (Sq ft)

10,271 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Banks

APN

392403 66.30-3-65.2

APU

39240366303652

Description

This exceptional 5,000-square-foot restaurant space, located at 20 S Broadway in the vibrant village of Nyack, Rockland County, presents a remarkable opportunity for a variety of businesses. The first floor features a spacious, open layout ideal for a restaurant, retail establishment, or professional office, boasting ceiling heights ranging from 12.3 to 14.3 feet. Fully equipped for restaurant use, it includes three restrooms, two vented hoods, a large kitchen and prep area with multiple sinks, and a massive 22-foot hood. Added conveniences include a dumbwaiter, a bar area with existing taps, and a pizza oven. An elevator ensures easy access to the lower level. The basement offers an additional 3,200 usable square feet, perfect for storage, back-of-house operations, or additional office space. This area includes a private office with a bathroom and a safe. Dual stairwells and multiple egress points provide excellent accessibility. Outdoor seating is available both front and back. The property benefits from high foot traffic and visibility in Nyack's bustling village center. The monthly rent is $16,600, with gas and electric meters already installed. This adaptable space is perfect for restaurants, retailers, or businesses seeking a unique office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,496,212

  6.5%

  $2,304,195

  7%

  $2,139,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,381,862

  Geo Method

  $3,381,862

• Alternative Use

  Use

  Valuation

  Residential

  $1,943,675

  Hospitality

  $1,780,396

  Educational

  $1,481,268

  Medical

  $1,532,212

  Retail

  $2,304,195

Location Insight

City

Nyack

County

Rockland

State

New York

Latitude

41.0917

Longitude

-73.9184

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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