Seller's Agent in 2021
Hamid Moghadam
Ellis Realty Commercial
(845) 216-9244
8 in this area
46 Total Sales
11 Francis Ave Nyack, NY 10960
Nyack Village Neighborhood
1
Bed
1
Bath
11,761
Sq Ft
11,761
Sq Ft Lot
Highlights
- 0.27 Acre Lot
- Property is near public transit
- Park
- Nyack Senior High School Rated A
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
About This Home
As of December 2021Unique 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.
Last Agent to Sell the Property
Ellis Realty Commercial License #10491205064 Listed on: 09/27/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $42,414
Year Built
- Built in 1970
Lot Details
- 0.27 Acre Lot
- No Common Walls
Home Design
- 11,761 Sq Ft Home
- Brick Exterior Construction
Parking
- 14 Parking Spaces
- Parking Lot
Location
- Property is near public transit
Schools
- Liberty Elementary School
- Nyack Middle School
- Nyack Senior High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Natural Gas
- Well
- Natural Gas Water Heater
Additional Features
- Partially Finished Basement
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 392403-060-077-0002-055-000-0000
Community Details
Overview
- 11 Units
Recreation
- Park
Building Details
- 11 Separate Electric Meters
- 1 Separate Gas Meter
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2021 12/30/21 | Sold | $2,250,000 | +7.1% | $191 / Sq Ft |
| 10/22/2021 10/22/21 | Pending | -- | -- | -- |
| 09/27/2021 09/27/21 | For Sale | $2,100,000 | 0.0% | $179 / Sq Ft |
| 08/31/2021 08/31/21 | Rented | $1,575 | 0.0% | -- |
| 08/26/2021 08/26/21 | Off Market | $1,575 | -- | -- |
| 08/23/2021 08/23/21 | For Rent | $1,575 | 0.0% | -- |
| 08/13/2021 08/13/21 | Off Market | $1,575 | -- | -- |
| 08/13/2021 08/13/21 | For Rent | $1,575 | -- | -- |
Source: OneKey® MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $43,995 | $357,100 | $44,500 | $312,600 |
| 2023 | $43,995 | $357,100 | $44,500 | $312,600 |
| 2022 | $38,202 | $357,100 | $44,500 | $312,600 |
| 2021 | $38,091 | $357,100 | $44,500 | $312,600 |
| 2020 | $37,196 | $357,100 | $44,500 | $312,600 |
| 2019 | $35,525 | $357,100 | $44,500 | $312,600 |
| 2018 | $35,525 | $357,100 | $44,500 | $312,600 |
| 2017 | $35,315 | $357,100 | $44,500 | $312,600 |
| 2016 | $34,125 | $357,100 | $44,500 | $312,600 |
| 2015 | -- | $357,100 | $44,500 | $312,600 |
| 2014 | -- | $357,100 | $44,500 | $312,600 |
Source: Public Records
Agents Affiliated with this Home
-
Hamid Moghadam
-
Hana Kogan
H
Buyer's Agent in 2021
Hana Kogan
Mark One Real Estate
(845) 825-6667
1 in this area
23 Total Sales
-
Kim DiGiacomo
Buyer's Agent in 2021
Kim DiGiacomo
Q Home Sales
(845) 494-5106
1 Total Sale
Map
Source: OneKey® MLS
MLS Number: KEY6145165
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Based on information submitted to the MLS GRID
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