Prime investment opportunity featuring 11 office units located in the heart of New City, New York’s Main Street corridor. This well-maintained property offers strong upside potential with below-market rents and the ability to significantly increase income through lease optimization. Ideal for a 1031 exchange buyer seeking stable long-term growth and value-add opportunity.The building showcases beautifully updated interior and exterior improvements, minimizing near-term capital expenditures. Strategically positioned within close proximity to shopping, dining, and professional services, providing excellent convenience and tenant appeal.A rare opportunity to acquire a centrally located asset with income growth potential and strong market fundamentals.
| MLS # | 993631 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 132 |
| Listing Provided By | Ellis Realty Commercial | Hamid Moghadam |
| SQ Feet | 8,120 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 1 |
| Acreage | 0.10 |
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Appliances | None |
| Construction Materials | Brick |
|---|
| Parking Features | None |
|---|
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 135300 |
| Tax Annual Amount | 27552.98 |
| State | NY |
|---|---|
| County | Rockland County |
| City | New City |
| Zip Code | 10956 |
| School District | Clarkstown North Senior High Sch |
| Elementary School | New City Elementary School |
| High School | Clarkstown North Senior High Sch |
| Listing VS Median (in 10956) | |
Price: $1,195,000 low | high Med: $780,000 sqft: 8,120 low | high Med: 1,880 $ / sqft: $147 low | high Med: $418 On site: 132 low | high Med: 41.5 | |
| State | NY |
|---|---|
| County | Rockland County |
| City | New City |
| Zip Code | 10956 |
| School District | Clarkstown North Senior High Sch |
| Elementary School | New City Elementary School |
| High School | Clarkstown North Senior High Sch |
| Listing VS Median (in 10956) | |
Price: $1,195,000 low | high Med: $780,000 sqft: 8,120 low | high Med: 1,880 $ / sqft: $147 low | high Med: $418 On site: 132 low | high Med: 41.5 | |