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38 S Franklin Street

Nyack, NY 10960
  • $1,100,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 859800
UPDATED: 41 min ago
$1,100,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

School District:

Description

This outstanding investment opportunity in the heart of Nyack's downtown includes two buildings in one deal. The first building consists of a storefront with a 3-bedroom apartment above it, while the second building offers two spacious 2-bedroom apartments. In total, you have four income-generating units at your disposal, as well as an unfinished basement. Currently, the properties generate a monthly rent roll of $10,500, which makes it an over 8.5 cap rate on the net income. Don't miss this promising investment right in the heart of Nyack's bustling downtown!

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tessler Team. Data last updated: 2025-07-11T08:18:37.433.
www.thetesslerteam.com/homes/164597872
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38 S Franklin Street Nyack, NY 10960

  • Price: $1,100,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 41 min ago
  • MLS #: 859800
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1900
Built
Neighborhood:
Orangetown
County:
Rockland
Area:
Orangetown
School District:
Nyack
Property Description
This outstanding investment opportunity in the heart of Nyack's downtown includes two buildings in one deal. The first building consists of a storefront with a 3-bedroom apartment above it, while the second building offers two spacious 2-bedroom apartments. In total, you have four income-generating units at your disposal, as well as an unfinished basement. Currently, the properties generate a monthly rent roll of $10,500, which makes it an over 8.5 cap rate on the net income. Don't miss this promising investment right in the heart of Nyack's bustling downtown!
Exterior Features

Construction Materials Frame Parking Features Driveway Property Attached YN No Stories Total 3 Waterfront Features River Access Waterfront YN Yes

Interior Features

Basement Details Partially FinishedStorage SpaceWalk-Out Access Basement YN Yes Cooling Wall/Window Unit(s)

Property Features

Building Area Total 5357 Electric Company Orange & Rockland Gross Income 1260000 Hamlet West Nyack Heating Baseboard Lot Size Area 3920 Property Condition Actual Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 21970.8 Tax Source Other Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Village Nyack Water Source Public Zoning MIXED

Listing courtesy of Lezer Levi of Keller Williams Hudson Valley: 845-639-0300
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tessler Team. Data last updated: 2025-07-11T08:18:37.433.
 
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