38 S Franklin Street Nyack, NY $ 1,300,000
38 S Franklin Street
$ 1,300,000
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38 S Franklin Street

Nyack, NY, 10960
$ 1,300,000
Bedrooms-- Baths-- Sq 5,357

Monthly Estimate*

$ 8,004

38 S Franklin Street, Nyack, NY 10960 - Image 1

Commercial Property for sale in Nyack, NY

for $1,300,000. This 5,357 square foot building was built in 1900 on a lot size of 0.09.

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 apartment on the 2nd floor . 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 $10,800 but with rental rates below market prices, you can easily increase it to $13,000. and bring it to a 9.5 cap and this projection doesn't even take into account any potential improvements to the basement. Don't miss this promising investment right in the heart of Nyack's bustling downtown

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Commercial Pending

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 21,000

Style

Multi Family

Lot Size

0.09

Year Built

1900

Town/City

Nyack

County/Region

Rockland

MLS | Web ID

989386

Features
General
Sewer Public Sewer
Heating Baseboard Heat Pump Natural Gas
Cooling Wall/Window Unit(s)
Utilities Natural Gas Available
Appliances Electric Water Heater
Zoning DMU-1
Security Features Security System
Construction Materials Frame
Year Built 1900
Tenant Pays All Utilities
Stories Count 2
Property Subtype Multi Family
Tax Year 2023
Parcel Number 392403-066-037-0002-050-000-0000
County Rockland County
Property Type Commercial Sale
City Orangetown
Number Of Units Total 4
Property Attached Y/N N
Tax Annual Amount 21000
Property Condition Estimated
Additional Parcels Y/N N
Building Area Units Square Feet
Standard Status Pending
Tax Assessed Value 150000
Cap Rate 8
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Interior
Basement Full
Flooring Hardwood
Total Stories 2
Basement Features Full
Basement (Y/N) N
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Exterior
Parking Features Attached Attached
Water Source Public
Total Parking 2
Parking Spaces 2
Building Area Total 5357
Waterfront Y/N N
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 38
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* Excluded Features
List By
Yoel Goralnik

Listing Agent

Erealty Advisors, Inc

Broker

914-712-6330

Contact

Affordability Calculator

$9,754
Per Month
82%
18%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$1,750
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$1,300,000 Listed Price

Map


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38 S Franklin Street, Nyack, NY, 10960 is a Commercial Property for sale at $1,300,000 with 5,357 sqft and a lot size of 0.09. 38 S Franklin Street was built in 1900. The property's zip code is 10960 which is in Nyack, NY