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11-13 Francis AVE Nyack, NY 10960
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Key Details
Sold Price $2,250,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6145165
Sold Date 12/30/21
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1970
Annual Tax Amount $42,414
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Multi Family
Property Description
Unique investment opportunity in Nyack! Highly visible 11 family brick apartment building 10 minutes to Main St., Hudson River and public transportation. Consists of 8 large studio apartments and three 1 bedrooms. Parking in the back, and common laundry for tenants. Fully rented. Nearly 12,000sqf on .27 acres. Owner pays for heat and water; tenants pay for electric. Parking included, hardwood floors under carpets. Potential rent increase for both one bedrooms and studios: $150/mo. One bedroom just rented for $1,575. Present gross income: $173,100; expenses $55,185; net income: $117,915. 6% cap rate at present. See attached documents for potential rent and net income increases.
Location
Province NY
County Rockland County
Rooms
Basement Partially Finished
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Parking Lot
Utilities Available Trash Collection Private
Total Parking Spaces 14
Building
Lot Description Near Public Transit, Near School, Near Shops
Sewer Public Sewer
Water Drilled Well, Public
Structure Type Brick
Schools
Elementary Schools Liberty Elementary School
Middle Schools Nyack Middle School
High Schools Nyack Senior High School
School District Nyack
Others
Special Listing Condition None
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Bought with Mark One Real Estate