Agent Photo
Hamid Moghadam
Ellis Sotheby's International Realty
Ellis Sotheby's International Realty home
United StatesNew YorkOrangetown11-13 Francis Avenue, Nyack, NY 10960

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

$2,250,000
Multi Family at 11-13 Francis Avenue, Nyack, NY 10960 Orangetown, New York 10960 United StatesMulti Family
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
$2,250,000
11,761 Sq Ft.
Interior
.27 Acres
Exterior
Multi Family
Property type
1970
Year Built
H6145165
Web Id
H6145165
MLS ID
Sold on
12/30/2021

About 11-13 Francis Avenue, Nyack, NY 10960

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 HGAR MLS

  • Ellis Sotheby's International Realty
  • 76 North Broadway, Nyack, NY 10960
  • Office# 845.353.4250

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