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Nyack, NY 10960 38 S Franklin Street

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  • MLS# 859800
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  • SQFT • 5,357

Home Details

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!

Interior Features for 38 S Franklin Street

Other Interior Features

BasementPartially Finished, Storage Space, Walk-Out Access
Basement (Y/N)Yes
Basement FeaturesPartially Finished, Storage Space, Walk-Out Access
Total Stories3

General for 38 S Franklin Street

AttributionContact845-639-0300
Building Area UnitsSquare Feet
CityOrangetown
Construction MaterialsFrame
CoolingWall/Window Unit(s)
CountyRockland County
Elementary School DistrictNyack
Gross Income1260000
HeatingBaseboard
High School DistrictNyack
Lot Size Square Feet3920
Middle/Junior School DistrictNyack
ModificationTimestamp2025-06-06T07:09:43.364Z
Number Of Units Total4
Parcel Number392403-066-037-0002-050-000-0000
PostalCityNyack
Property Attached Y/NNo
Property ConditionActual
Property SubtypeMulti Family
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount21970.8
Tax Assessed Value150000
Tax Year2024
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront FeaturesRiver Access
Year Built1900
ZoningMIXED

Exterior for 38 S Franklin Street

Building Area Total5357
Lot Size Acres0.09
Lot Size Area3920
Number of Buildings2
Parking FeaturesDriveway
Parking FeaturesDriveway
Water SourcePublic
Waterfront Y/NYes

Additional Details

Price History

Gregory Berkowitz

Licensed Real Estate Salesperson
Price $1,100,000
MLS#859800
Property Type Commercial
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