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  • Located on the NY/NJ border in a Business District spanning Tappan, NY and Northvale, NJ with National and Regional Retailers and Service Providers, including a new 25k+ SF project for a LIDL Supermarket across the street. This offering includes the sale of two In-Line Retail Strip Centers - Stateline Plaza I (121-125 Oak Tree Rd. & 78 88 Route 303, Tappan) - an 8, 410 SF structure, and Stateline Plaza II (38-58 Route 303, Tappan) - a 9, 470 SF structure, as well as a Single Family home (115 Oak Tree Rd, Tappan). Currently, at about 26% vacancy rate, the asking price represents a 5.60% CAP Rate, and at a Pro Forma CAP Rate of 8%+, this offering presents a great Upside potential. For Stateline I, the NYS Department of Environmental Conservation has assigned a Site Code of 344089 to the property. For Stateline II, the NYS Department of Environmental Conservation has assigned a Site Code of 344090 to the property. 14
    38-58 & 78 88 Rt-303 Orangetown, NY 10983
    $3,800,000
    Retail Commercial ML# H6298892
    Located on the NY/NJ border in a Business District spanning Tappan, NY and Northvale, NJ with National and Regional Retailers and Service Providers, including a new 25k+ SF project for a LIDL Supermarket across the street. This offering includes the sale of two In-Line Retail Strip Centers - Stateline Plaza I (121-125 Oak Tree Rd. & 78 88 Route 303, Tappan) - an 8, 410 SF structure, and Stateline Plaza II (38-58 Route 303, Tappan) - a 9, 470 SF structure, as well as a Single Family home (115 Oak Tree Rd, Tappan). Currently, at about 26% vacancy rate, the asking price represents a 5.60% CAP Rate, and at a Pro Forma CAP Rate of 8%+, this offering presents a great Upside potential. For Stateline I, the NYS Department of Environmental Conservation has assigned a Site Code of 344089 to the property. For Stateline II, the NYS Department of Environmental Conservation has assigned a Site Code of 344090 to the property.
    Presented By: Nova North Commercial  845-222-9260
    Call Today: 917-293-0915, 917-293-0915, or  Email: Michael Stanco
    Call Today: 347-539-9893, 347-539-9893, or  Email: Michael Misiti
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O:  917.293.0915 E:  stancomisititeam@compass.com

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Stanco Misiti Team

Stanco Misiti Team

Office: 917.293.0915 Email: stancomisititeam@compass.com
1468 Northern Blvd. Manhasset, NY 11030 41 The Plaza, Locust Valley, NY 11560