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29 U Free Market Garden Style Apartment Complex In Clarkstown

$7,995,000

16-18 Waldron Avenue, Grand View-on-Hudson, NY 10960

Active
Last Updated: 06/17/2026

6.5

Cap Rate

521,754

NOI

Details:
Cap Rate:    6.5%
NOI:    $521,754
Building Size:    30,000 sqft
Units:    29
Price Per Sqft:    $267
Price Per Unit:    $276,000
Description:

16-18 Waldron Avenue, Clarkstown, NY - Presenting this 29-unit, free-market, garden-style apartment complex in the Hamlet of Central Nyack in the Town of Clarkstown, NY. Positioned just off Route 59 and one exit from the Governor Cuomo Bridge, the property offers convenient access to one of Rockland County’s primary commercial and transportation corridors.

The property consists of two, two-story garden-style walkup buildings originally built in the 1970s, with a hybrid brick and wood-frame construction. The family-friendly unit mix includes 20 two-bedroom units, 8 three-bedroom units, and 1 one-bedroom unit.

The property has been well maintained, with meticulous common areas, boiler rooms, exterior grounds, and building systems. Exterior features include freshly painted metal front doors, attractive fencing, landscaped grounds, new stonework, pitched shingle roofs (±3 years old), an outdoor tenant area, and approximately 60 parking spaces.

Apartment features include spacious layouts, hardwood flooring, drywall, renovated kitchens with stainless steel appliances in select units, updated cabinetry, tile backsplashes, renovated bathrooms, new LED lighting, thermostats, in-unit circuit breakers, smoke and carbon monoxide detectors, and 12,000 BTU wall-sleeve air conditioners. Twenty-five apartments have been renovated, including new windows. Five interior corridors feature new stair carpeting and fresh paint, and both buildings have new mailboxes.

The basements feature two Hercules-leased laundry rooms, electric meters, four storage rooms, new circuit breaker panels, and two separate daisy-chain gas boiler systems with 75-gallon and 100-gallon hot water setups. The landlord pays for cooking gas, heat, and hot water.

The Residences at Riverhill 59 benefits from a centralized Rockland County location near Route 59, with access to regional shopping, dining, transportation, recreation, healthcare, everyday retail, shopping centers, restaurants, public transportation, healthcare services, and nearby recreational destinations throughout Central Nyack, West Nyack, and the greater Rockland County area.

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