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Nyack Main Street Mixed-Use Property Sells For $2.6 Million
Two parcels in Nyack were sold by PAOL Realty Company to Simcha Schwartz’s 1120 41ST LLC for $2.6 million. The parcels at 267 Main Street (65.44-2-4) and 248 Depew Avenue (65.44-2-5), known as The Provencal, are contiguous and are currently occupied by commercial and professional offices.
The mixed-use property, built in 2001, consists of 11,566 square feet on .63 acres, with a total of eight units – four residential, four retail/office. The property sits adjacent to the Gateway Lofts property with 88 feet of frontage on Main Street.
Zoning is DMU-2 with access both on Main Street and Depew Avenue. Redevelopment potential under existing zoning could yield between 16 and 33 units with bonus incentives. The DMU-2 does not currently require any ground floor retail component.
Financing in the amount of $1.8 million was provided by North Brooklyn Lending LLC and CCSG Realty LLC.
Schwartz recently acquired two properties on Cedar Hill Avenue in Nyack for $1.5 million, and an apartment complex at 128-132 High Avenue in Nyack for $6 million.
PAOL Realty LLC acquired the property, known as The Provencal in 2016 for $1.85 million.
Maple Avenue Commercial Building In New City Hamlet Zone (H2) Sells for $1.3 Million
The office/commercial property at 86 Maple Avenue (43.19-2-33) in New City has sold. The seller was Sunshine Realty 86 Maple LLC. The buyer is Aron Altman’s 86 Maple NC LLC. The 3,527 square foot building on .34 acres sold for $1.3 million.
Built in 1970, the one-story building also has 27 parking spaces, according to its listing.
The property sits in the new New City Hamlet H2 Zone, The new zoning allows commercial or residential structures and no longer requires residential buildings to have commercial units on the ground floor.
According to the town, “the Hamlet Neighborhood District (H2) is intended to be a mixed-use neighborhood that provides housing opportunities, small-scale local shopping and services while maintaining the residential scale and character of the streets. The goal is to provide an opportunity area for small local businesses to establish themselves in a location that has been slowly transforming from residential to commercial uses, while maintaining the charm and character of the existing neighborhood.”
Financing in the amount of $780,000 was provided by Airmont-based Bedford & Bedford NY Inc. No redevelopment plans have been submitted to the Clarkstown Town Planning Board.
Former South Nyack Village Hall, Now A Commercial Space, Sells For $1.175 Million
The former South Nyack Village Hall, now a mixed-use commercial structure with a coffee shop, sold last week for $1.175 million. The seller was Upper Nyack-based Zee Café (Richard DeMan). The buyer was Piermont-based 282 S Broadway, LLC (John Martin McKenna).
The two-story building, constructed in 1905, sits on .39 acres in the former Village of South Nyack. It has 16 parking spaces.
Zee Café purchased the building from the Village of South Nyack in April of 2022 for $615,050.
Tenants at the property are Coffee Ride Café (ground floor) and Collado Live Bike Shop.
