This exceptional mixed-use property in desirable Downtown Nyack presents a rare investment opportunity. The building boasts a diverse income stream from several established tenants, including an eco-friendly auto body shop with a large adjacent parking lot, a laundromat generating approximately $95,000 in annual revenue, three music rehearsal studios, and a newly renovated one-bedroom apartment. Office space is also included, offering flexibility for various business uses. The property is exceptionally well-maintained and features numerous upgrades, including seven separate electric meters, four gas meters, a comprehensive sprinkler system, indoor and outdoor security cameras, energy-efficient LED lighting, and hard-wired smoke alarms. The roof is finished with a silver coating for enhanced insulation and reduced energy consumption. This versatile property is move-in ready and presents significant potential for future development or redesign to suit a wide range of business and residential needs. Located at 30 New St, Nyack, NY 10960, this property offers endless possibilities for the discerning investor. Its prime location in sought-after Downtown Nyack ensures strong tenant demand and long-term value appreciation.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$741,013
6.5%
$684,012
7%
$635,154
Comparable approach
Method
Valuation
Relative Method
$1,003,924
Geo Method
$1,003,924
Alternative Use
Use
Valuation
Residential
$576,990
Hospitality
$528,520
Educational
$439,722
Medical
$454,845
Retail
$684,012
Location Insight
City
Nyack
County
Rockland
State
New York
Latitude
41.0918
Longitude
-73.9192
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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