Renovated Flex Office and
For Sale
$1,399,000
1 S Liberty Drive, Stony Point, NY 10980
SINGLE_FAMILY - Stony Point, NY
Property Size6,500 SF
Lot Size0.33 Acres
Price / SF$215.23
Days on Market254
Property Features for 1 S Liberty Drive
General Information
Property type
Residential
Property subtype
Office
Rooms
Basement
Basement
Partial, Unfinished
Standard status
Active
APN
392800-020-007-0001-010-000-0000
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
security alarm system
high-speed internet wiring
Building Details
Building materials
Brick
Listing Agency:
Keller Williams Hudson Valley · Keller Williams Realty
(845) 639-0300
Listed By:
Shalva Singer · License #10401314188
(845) 327-0374
Added: Dec 1, 2025
Changed: Aug 3
Last Checked: Aug 12 at 6:06PM
MLS# 939856
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated flex/office/showroom space in a free-standing, single-tenant brick building. The main floor offers a large open showroom or workstation area, with additional private offices on the upper level. Finished areas and warehouse space support a flexible mix of office and operational uses. The property includes upgraded lighting, abundant natural light, and full building wiring for high-speed internet.
Set on a 0.33-acre parcel at 1 S Liberty Drive in Stony Point, NY, the building features a newly paved parking lot with 20+ parking spaces. The property is equipped with a 24-hour security alarm system with remote access. Heating is forced air and cooling is central air, with public water and public sewer.
The basement is included, supporting additional storage or operational needs for tenants seeking both office and showroom functionality in one building.
Set on a 0.33-acre parcel at 1 S Liberty Drive in Stony Point, NY, the building features a newly paved parking lot with 20+ parking spaces. The property is equipped with a 24-hour security alarm system with remote access. Heating is forced air and cooling is central air, with public water and public sewer.
The basement is included, supporting additional storage or operational needs for tenants seeking both office and showroom functionality in one building.
Key Highlights
- 6,500 SF renovated flex/office/showroom building in brick construction
- Main‑floor open showroom/workstation area plus upper‑level private offices
- Additional finished areas and warehouse space for expanded operational capabilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,175
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,063,500
$2.1M
Cap Rate 7%
$1,473,929
$1.5M
Cap Rate 9%
$1,146,389
$1.1M
Market Conditions
NOI Build-Up for 6,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.6K $26.40/SF
− Vacancy
−$12.9K −$1.98/SF
EGI
$158.7K $24.42/SF
− OpEx
−$55.6K −$8.55/SF
NOI
$103.2K $15.87/SF
Area
Rockland County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,063,500
Cap Rate 7%
$1,473,929
Cap Rate 9%
$1,146,389
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,372 @ 7.0% cap · market cap 13.25%
Second Best
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $103,175 @ 7.0% cap · market cap 7.37%
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.01M
NOI $300,836 @ 7.0% cap · market cap 21.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10980, NY
13,289
Population
5,081
Households
2.6
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
27.4 sq mi
ZIP Area
485
Density / Sq Mi
$125,333
Median Household Income
$58,306
Median Earnings
$1,748
Median Rent
$475,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex/office/showroom space with central air, public utilities, and a 24-hour security alarm with remote access.
Where is this flex space located?
The property is located at 1 S Liberty Drive Stony Point, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 6,500 SF renovated flex/office/showroom building in brick construction; Main‑floor open showroom/workstation area plus upper‑level private offices; Additional finished areas and warehouse space for expanded operational capabilities
