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11-13 Francis Avenue, Nyack, NY 10960
$2,250,000
11-13 Francis Avenue, Nyack, NY 10960View this property at 11-13 Francis Avenue, Nyack, NY 10960
11-13 Francis AvenueNyackNY10960
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Property Description
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.
Full Property Details
Full Property Details for 11-13 Francis Ave
General
- Sold For: $2,250,000
- Taxes: $42,414
- Status: Closed
- Type: Multi-Family
- MLS ID: H6145165
- Added to Site: 941 day(s) ago
Parking
- Total Spaces: 14
Location
- County: Rockland
- Township: Orangetown
- Neighborhood: Nyack
School Information
- Elem School District: Nyack
- Midd School District: Nyack
- High School District: Nyack
- Elementary School: Liberty Elementary School
- Middle School: Nyack Middle School
- High School: Nyack Senior High School
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall Unit(s), Window Unit(s)
- Heating Type: Natural Gas, Baseboard
Utilities
- Sewer: Public Sewer
Structural Information
- Basement Desc.: Partially Finished
- Living Area: 11,761 Sq. Ft.
- Year Built: 1970
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.27
- Lot Size (Sq. Ft.): 11,761
- Lot Size Source: Other
- Lot Features: Near Public Transit
Financial Considerations
- Tax Amount: $42,414
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- APN: 392403-060-077-0002-055-000-0000
- Property ID: 392403-060-077-0002-055-000-0000
Listed by Ellis Realty Commercial
Sold by Mark One Real Estate
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Schools
Schools serving 11-13 Francis Ave
School District:Nyack Union Free School District
Rating | Name | Grades | Distance |
---|---|---|---|
360 Christian Herald Rd, Nyack, NY 10960 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11-13 Francis Ave
Date
Details
Price
Change
Source
12/30/2021
Sold
$2,250,000
7.14%
MLS
9/27/2021
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11-13 Francis Avenue, Nyack, NY 10960 (MLS# H6145165) is a Multi-Family property that was sold at $2,250,000 on December 30, 2021. Want to learn more about 11-13 Francis Avenue? Do you have questions about finding other Multi-Family real estate for sale in Nyack? You can browse all Nyack real estate or contact a Coldwell Banker agent to request more information.