BEDS0
BATHS
MLS#989386
STATUSActive
PROPERTY TYPECommercial -
Property Description
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
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Heat Pump, Natural Gas
Lot Size: 0.09 Acres
Stories: 2.0
Taxes: $21,000
Year Built: 1900
Feature Descriptions
Appliances: Electric Water Heater
Building Area Total: 5357
Cap Rate: 8
Exterior: Frame
Flooring: Hardwood
Lot Features: Corner Lot
On Market Date: 2026-04-22
Parcel Number: 392403-066-037-0002-050-000-0000
Parking Features: Attached
Parking Total: 2
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Security: yes
Security Features: Security System
Seller Concession: Yes
Sewer: Public Sewer
Tenant Pays: All Utilities
Units: 4
Utilities: Natural Gas Available
Water: Public
Listed By / Shown By
Listing By
Agency Name: eRealty Advisors, Inc
Agency Contact: 914-712-6330
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
TOUR PROPERTY
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Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/23/2026. The listing information on this page last changed on 04/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/23/2026 1:10:25 AM EST) or NJMLS/ IDX (last updated Wed 04/22/2026 11:23:47 PM EST) or OneKey MLS (last updated Thu 04/23/2026 1:03:15 AM EST) or REBNY MLS (last updated Wed 04/22/2026 9:22:12 PM EST). Real estate listings held by brokerage firms other than Joyce Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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38 S Franklin Street | MLS# 989386
This commercial property located at 38 S Franklin Street , Nyack, NY 10960 is currently listed for sale with an asking price of $1,300,000. Search Nyack real estate on www.joycerealty.com today.