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Hamid Moghadam
Ellis Sotheby's International Realty
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United StatesNew YorkNyack11-13 Francis Avenue

11-13 Francis Avenue
11-13 Francis Avenue Nyack, New York 10960 United States

$2,100,000
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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...
  • Associate Real Estate Broker
76 North Broadway
Nyack, New York 10960 United States
Listing Courtesy of Ellis Realty Commercial
$2,100,000
11,761 Sq Ft.
Interior
.27 Acres
Exterior
Residential Income
Property type
1970
Year Built
H6145165
Web Id
H6145165
MLS ID
Nyack Union Free
School District
Liberty Elementary School
Elementary
Nyack Middle School
Middle
Nyack Senior High School
High
31
days ago

About 11-13 Francis Avenue

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.

Listing Courtesy of Hudson Gateway Multiple Listing Service, Inc. (HGMLS)

features

Parking
Parking Lot
Style
Brick

PROPERTY INFORMATION

Basement
Partially Finished
Cooling
Wall Unit(s), Window Unit(s)
Heating
Natural Gas, Baseboard
Parking Description
Parking Lot
Sewer
Public Sewer

EXTERIOR

Construction
Brick
Lot Description
Near Public Transit
Listing Courtesy of Ellis Realty Commercial
  • Associate Real Estate Broker
76 North Broadway
Nyack, New York 10960 United States
Listing Courtesy of Ellis Realty Commercial
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