1. New York
  2. Nyack
  3. 38 S Franklin Street
$1,100,000

38 S Franklin Street, Nyack, NY 10960

  • 5,357 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $205/sqft
  • Property List Date Icon Listed 1 month ago

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!

Listing Status:
Active
Listing Office:
Keller Williams Hudson Valley : 845-639-0300
MLS ID:
859800
  • Basement: Partially FinishedStorage SpaceWalk-Out Access
  • A/C: Wall/Window Unit(s)
  • Heating: Baseboard

This listing courtesy of Keller Williams Hudson Valley

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

U

Upper Nyack School

336 N Broadway, Nyack, NY, 10960

Grades KG-6

0.91 miles away

N

Nyack Middle School

98 S Highland Ave, Nyack, NY, 10960

Grades 6-8

0.43 miles away

N

Nyack Senior High School

360 Christian Herald Rd, Nyack, NY, 10960

Grades 9-12

1.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.