42 Burd StNyack, NY 10960

Property Details for 42 Burd St

Year built

1910

Lot size

0.08 AC

Property size (Sq ft)

7,488 SF

Zone code

R-M

Property type

Investment properties

Property subtype

Live-work space

APN

392403 66.38-2-53

APU

3924036638253

Description

This exceptional investment opportunity presents a fully approved residential development project in the vibrant town of Nyack, New York. Located at 42 Burd Street, the property encompasses a 0.08-acre lot and includes a vacant 2,600 square foot, two-story commercial office building primed for conversion. All necessary approvals, architectural plans, engineering work, and building permits are in place, making this a truly shovel-ready project. The development plan outlines four (4) spacious one-bedroom units, each measuring approximately 650 square feet. Each unit boasts a comfortable living room, a well-appointed kitchen, a full bathroom, a convenient laundry closet, and a private walk-out covered balcony offering breathtaking views of the Hudson River and the iconic Tappan Zee Bridge. Ample on-site parking is provided for both residents and their guests. The property's prime location, just one block from the bustling downtown area of Nyack and a single block from the Hudson River, ensures unparalleled convenience and access to the area's natural beauty. This is a rare chance to acquire a fully permitted, ready-to-build multifamily development in a highly desirable location. The combination of stunning views, convenient location, and streamlined development process makes this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,237,990

  6.5%

  $1,142,760

  7%

  $1,061,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $978,382

  Geo Method

  $978,382

• Alternative Use

  Use

  Valuation

  Residential

  $1,417,022

  Hospitality

  $1,297,985

  Educational

  $1,079,908

  Medical

  $1,117,048

  Retail

  $1,679,857

Location Insight

City

Nyack

County

Rockland

State

New York

Latitude

41.0903

Longitude

-73.9171

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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