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510 Piermont Ave 2,000 SF 100% Leased Retail Building Piermont, NY 10968 $5,156,702 CAD ($2,578.35 CAD/SF) 5.70% Cap Rate



Investment Highlights
- Prime location on Piermont Ave., high foot and vehicle traffic.
Executive Summary
Exceptional opportunity to acquire a well-positioned mixed-use commercial and residential property in the heart of the highly sought-after Village of Piermont, NY. This all-brick building offers an attractive combination of residential and commercial income with strong tenant occupancy, making it an excellent investment opportunity. The property features 8 residential apartments, consisting of four one-bedroom apartments and four studio apartments, along with three ground-floor commercial storefronts, providing multiple income streams within one property. Ideally located just steps from the Piermont waterfront and surrounded by the Village’s popular award-winning restaurants, cafés, art galleries, shops and recreational amenities. Nearby Tallman Mountain State Park offers hiking, biking and outdoor recreation, while the Hudson River and Piermont Pier contribute to the unique waterfront lifestyle that continues to make Piermont such a desirable destination. With its all-brick construction, strong occupancy, 11 residential and commercial units, prime Village location and proximity to the Hudson River, 510 Piermont Avenue represents a compelling opportunity for investors seeking an income-producing mixed-use asset in one of Rockland County’s most distinctive river communities.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$386,472
|
$193.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$386,472
|
$193.24
|
| Taxes |
$72,163
|
$36.08
|
| Operating Expenses |
$20,379
|
$10.19
|
| Total Expenses |
$92,542
|
$46.27
|
| Net Operating Income |
$293,931
|
$146.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $386,472 |
| Annual Per SF | $193.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $386,472 |
| Annual Per SF | $193.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $72,163 |
| Annual Per SF | $36.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,379 |
| Annual Per SF | $10.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $92,542 |
| Annual Per SF | $46.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $293,931 |
| Annual Per SF | $146.97 |
Property Facts
Sale Type
Investment
Property Type
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$5,156,702 CAD
Price Per SF
$2,578.35 CAD
Cap Rate
5.70%
NOI
$293,929 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.57
Lot Size
0.08 AC
Zoning
BB
Frontage
35’ on Piermont Avenue
Amenities
- Corner Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Elisa Design Llc
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Elisa Design Llc | Public Administration | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 392405-075-054-0002-025-000-0000 | Total Assessment | $571,712 CAD (2024) |
| Land Assessment | $45,865 CAD (2024) | Annual Taxes | $72,163 CAD ($36.08 CAD/SF) |
| Improvements Assessment | $525,847 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
392405-075-054-0002-025-000-0000
Land Assessment
$45,865 CAD (2024)
Improvements Assessment
$525,847 CAD (2024)
Total Assessment
$571,712 CAD (2024)
Annual Taxes
$72,163 CAD ($36.08 CAD/SF)
Tax Year
2025
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Presented by
Round House Properties
510 Piermont Ave
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