Property Description

Presenting a rare, fully stabilized mixed-use investment opportunity in the heart of the highly sought-after Village of Nyack. This prominent, south-facing 9,456 square foot asset is ideally positioned overlooking Nyack's vibrant and walkable downtown corridor-one of the Hudson River's most desirable retail and residential markets. Investment Highlights: 5-Unit Mixed-Use Property (4 residential + 1 retail); 100% occupied with Long Term Tenants delivering immediate, durable cash flow; Turnkey Asset - Little to No CapEx or Deferred Maintenance; 9,456sqft Building in Prime Downtown Nyack Location; Attractive - 5.5% In-Place Cap Rate; Upside to 6-7% through Rent Growth and Lease Optimization; Established Retail Tenant on 5-Year Lease (renewal interest); Residential Units on 12-month leases (Market to Market Opportunity); Diversified, Stable Rent Roll Across All Units; Rear Access, Parking + Full Basement; Steps from Riverfront, Parks, Transit and Downtown Core; Rare Offering - Not Sold in over 35 years; Located in a Supply-Constrained, High Demand Market.The ground-floor retail space (~3,000 SF) is leased to an established commercial tenant with a strong operating history, currently operating under a 5-year lease with interest in extending, providing both stability and the opportunity to capture rental growth at renewal.The property features a diversified and stable rent roll, including four residential units on 12-month leases, offering investors near-term flexibility to adjust rents to market and drive NOI growth. In-place rents are below market, providing a clear path to increasing NOI through upcoming lease renewals.Above the retail space are four expansive loft-style residential units, each featuring high ceilings, oversized windows, hardwood floors, exposed brick, and classic architectural details, along with modern finishes including granite countertops, maple cabinetry, dishwashers, and in-unit washer/dryers-supporting strong tenant demand and retention.The retail space includes rear access, dedicated parking, and a full basement, providing operational flexibility and long-term utility.Located just steps from municipal parking, public transportation, the Hudson River waterfront, and Nyack's popular parks and trails, the property benefits from exceptional accessibility, foot traffic, and long-term desirability.Opportunities of this caliber are exceedingly rare, with comparable mixed-use assets in Nyack rarely coming to market. This property has been held by the same ownership for over 35 year ------ Please Note that this is a Coming Soon Listing and it will be available on 2026-04-27

Property Features

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