99 Main StNyack, NY 10960

Property Details for 99 Main St

Year built

1967

Lot size

0.15 AC

Property size (Sq ft)

13,152 SF

Zone code

C-1

Property type

Office buildings

APN

392403 66.38-1-51

APU

3924036638151

Description

The Nyack Business Center, a three-story Class B building constructed in 1921 and renovated in 1996, offers a unique blend of historic charm and modern functionality. Located at 99 Main Street in the heart of historic downtown Nyack, New York, this prominent landmark boasts 12,000 square feet of office space divided into 60 suites. Currently, 600 square feet of space is available, with minimum leasable units starting at 100 square feet and maximum contiguous space reaching 600 square feet. The building features elegant French antiques in its common areas, complementing its fluted columns and patterned brickwork. Its architectural details have earned praise from historians and the community. The building includes elevators for convenient access to all three floors. Its central location provides easy access to major highways, including the Palisades Parkway and the New York State Thruway, making it ideally situated for businesses serving the tri-state area, encompassing Rockland County, Westchester County, Bergen County, and New York City. The property is suitable for various office uses, including traditional office, executive office, coworking, creative office, and medical office spaces. The building's multiple tenancy structure offers flexibility for businesses of all sizes. This is a rare opportunity to lease space in a historically significant and conveniently located building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,174,418

  6.5%

  $2,007,156

  7%

  $1,863,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,718,440

  Geo Method

  $1,718,440

• Alternative Use

  Use

  Valuation

  Residential

  $2,488,873

  Hospitality

  $2,279,794

  Educational

  $1,896,762

  Medical

  $1,961,994

  Retail

  $2,950,518

Location Insight

City

Nyack

County

Rockland

State

New York

Latitude

41.0909

Longitude

-73.9195

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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