38 S Franklin Street

38 S Franklin Street - Photo 1
$1,300,000
For Sale
38 S Franklin Street, Nyack
0 Beds
0 Baths

About This Property

Atantion investers ! 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 a spacious 2-bedroom apartments and a 3 bedroom apartmen...

Property Overview

Property Type

Commercial Sale (Multi Family)

Year Built

1900

Levels

2

County

Rockland County

Property Tax

$21,000/yr

Home Features

Heating

Baseboard, Heat Pump, Natural Gas

Cooling

Wall/Window Unit(s)

Parking

Attached

Lot & Location

Lot FeaturesCorner Lot
ZoningDMU-1

Income & Investment

Units4
Gross Income130000
Expenses25000
Cap Rate8.1%

Expense Breakdown

Property Tax21000/yr
Water/Sewerno
ElectricOrange & Rockland

Property Calculator Tools

Moshe Kohen

Moshe Kohen

Licensed Real Estate Salesperson

Listing courtesy of Yoel Goralnik with eRealty Advisors, Inc

Share This Property

38 S Franklin Street - Photo 1

About This Property

Atantion investers ! 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 a spacious 2-bedroom apartments and a 3 bedroom apartmen...

Property Overview

Property Type

Commercial Sale (Multi Family)

Year Built

1900

Levels

2

County

Rockland County

Property Tax

$21,000/yr

Home Features

Heating

Baseboard, Heat Pump, Natural Gas

Cooling

Wall/Window Unit(s)

Parking

Attached

Lot & Location

Lot FeaturesCorner Lot
ZoningDMU-1

Income & Investment Details

Income Property

Units

4

Gross Income

$130,000

/year

Expenses

$25,000

/year

Cap Rate

8.1%

Estimated Rent Per Unit

~$2,708/month per unit(4 units)

Expense Breakdown

Property Tax21000/yr
Water/Sewerno
ElectricOrange & Rockland
Net Operating Income (NOI)$105,000/yr

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For SaleActive
$1,300,000
38 S Franklin Street, Nyack
0 Beds
0 Baths
Built: 1900
Type: Commercial Sale

Calculator Tools

Run the numbers on this property — all tools pre-filled with listing data.

Share This Property

Moshe Kohen

Moshe Kohen

Licensed Real Estate Salesperson

Orlansky Team | Rodeo Realty

Personal service from someone who knows the community. Contact me for a showing or more information about this property.

Listing courtesy of Yoel Goralnik with eRealty Advisors, Inc

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