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33693133
33693132

16-18 Waldron Avenue, Clarkstown, NY 10960

ML
NY NY 30LA0846852
RM Friedland
RM Friedland
RM Friedland
DR
NY:10301216346
RM Friedland
Listed by RM Friedland
$7,995,000
6 days on market
Updated 6 days ago

The Residences at Riverhill 59

Details
APN 65.12-2-6
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,000
Units 29
Cap Rate 6.50%
NOI $521,754
Tenancy Multi
Price per SqFt $267
Year Built 1970
Buildings 2
Stories 2
Lot Size (SqFt) 68,825
Parking Spaces 60 spaces
Parking Per SqFt 2.00
Investment Type Stabilized

Multifamily | 29 Units | $276,000/unit

Marketing 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. 

Investment highlights

  • 29-u Free-market Garden-style Apartment Complex in Clarkstown
  • 1970's Built
  • Meticuslously Managed
  • Laundry & Storage Large Family Friendly Units.
  • Just Off Route 59 Near the Bridge. 

Listing Contacts

ML
NY NY 30LA0846852
RM Friedland
RM Friedland
RM Friedland
DR
NY:10301216346
RM Friedland
Listed by RM Friedland

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$521,754.00
$43,479.50/mo

Valuation Metrics

0
DSCR
6.53%
Cap Rate
6.53%
ROI

Map

Zoning

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R-10 ResidentialTwo FamilyMedium High Density Residence
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Last updated Mar 17, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Marco Lala
License
NY 30LA0846852
Brokerage
RMFriedland
Brokerage Phone
914-380-3806
Title
associate broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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