
Nyack, NY JLL Capital Markets arranged the sale of Go Store It Nyack, a 557-unit self-storage facility.
JLL’s national self-storage team represented the seller, Go Store It, and procured the buyer, Storage Post Self-Storage.
Go Store It Nyack is located at 92 Rte. 59 in an affluent, renter-heavy community in New York’s Lower Hudson Valley region. The property is positioned along a commercial corridor with visibility and is off I-287, about 25 miles north of Midtown Manhattan.
Originally built in 1996, the property totals 557 units and has consistently seen strong renter demand. Currently, the property is 87% occupied.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,