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

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

$2,250,000
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...

Ellis Sotheby's International Realty

  • 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
12/29/2021

About 11-13 Francis Avenue, Orangetown, 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