Investment Property -- Nyack 2 family with expansion possibility

New City NY

22 February, 2021

6:36 PM

Description

A Rare find and a great opportunity to own this income producing property in a desirable Nyack neighborhood. This legal two family is delivered fully leased with an approximate NOI of $46,380 and a cap rate of 5.5%.Strong potential for increased rental income... The parcel is large enough to build an addition to create 1 - 2 more rental units and also a possible conversion of the basement to create another apartment, (subject to municipal approval).This gem is a turnkey, Trophy Investment requiring no initial repairs. It's "Mailbox Money" from day one! Immediately available. Offered for $850,000.To receive complete financials & investment data, and for a private tour, please contact me. Ron Chromey, Broker / Owner CHROME Properties 10 Esquire Road, Suite 10A New City, NY 10956 845-786-5780 [email protected]