Welcome to 162 S Broadway, a stately Victorian four-family residence offering over 5, 500 square feet of interior space in the heart of Nyack. This rare investment opportunity features a well-maintained mix of two 2-bedroom units and two 1-bedroom units, providing strong rental income and long-term stability in one of Rockland County’s most desirable river towns. The building showcases classic Victorian character with an impressive façade, generous room sizes, and a layout that provides each unit with comfortable living areas. Unit rents include $2, 600 and $2, 500 for the two-bedroom apartments, and $1, 650 and $2, 350 for the one-bedroom apartments, reflecting steady tenancy and solid income performance. Total living space per public records is 5, 568 sq ft, allowing for spacious interiors throughout the property. Additional features include a two-car garage, natural gas radiant heat, public water, public sewer, and a 0. 23-acre parcel situated close to Nyack’s vibrant downtown district, dining, shops, parks, and transportation options. This property is ideal for investors seeking an established, income-producing asset with future growth potential, or for those looking to expand their portfolio with a rare four-unit opportunity in a prime location. This outstanding Nyack property offers scale, character, and reliable income—an excellent addition to any investment strategy.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $959,200 | $959,200 | $959,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | $1,777 | $1,777 | $1,777 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,223 | $5,674 | $7,901 |
| Total Monthly Payment | $7,124 | $7,575 | $9,802 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.