38 S Franklin Street

Nyack, NY 10960 Directions
$1,300,000
  • 0.09Acres
  • 1900Built

Property Highlights

  • Neighborhood: Nyack
  • Days on Market: 1
  • MLS: 989386
  • Listing Pending

Property Highlights

  • Neighborhood: Nyack
  • Days on Market: 1
  • MLS: 989386
  • Listing Pending

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...

Property Highlights

  • Neighborhood: Nyack
  • Days on Market: 1
  • MLS: 989386
  • Listing Pending

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

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

Read MoreRead Less
  • Additional Information
    • Basement Description: Full
    • Days On Market: 1
    • On Market Date: 2026-04-22
    • Parking: Attached
    • Parking Spaces: 2
    • Sewer: Public Sewer
    • Tax Amount: $21,000
    • Type: Commercial Sale
    • Unit Count: 4
    • Utilities: Natural Gas Available
    • Year Built: 1900
  • Interior/Exterior Features
    • Appliances Included: Electric Water Heater
    • Construction Materials: Frame
    • Cooling: Wall/Window Unit(s)
    • Flooring: Hardwood
    • Heat: Baseboard, Heat Pump, Natural Gas
Listing Courtesy of Yoel Goralnik of eRealty Advisors, Inc.
Click to view full screen