38 S Franklin Street, Nyack, NY 10960

• 5,357 sqft

Property Description

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

Listing Status:

Pending

Data Last Updated:

May 10, 2026 at 8:21PM

Listing Office:

eRealty Advisors, Inc : 914-712-6330

MLS ID:

989386

Interior

• Appliances: Electric Water Heater
• Basement: Full
• Flooring: Hardwood
• A/C: Wall/Window Unit(s)
• Heating: BaseboardHeat PumpNatural Gas

Exterior

• Parking: AttachedParking spaces: 2

Location

• Originating MLS: onekey2
• County: Rockland County

Lot

• Zoning: DMU-1392403-066-037-0002-050-000-0000

Utilities

• Utilities: Natural Gas Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2