Mixed-Use Warehouse
For Sale
$1,499,000
1 Teneyck Street, Stony Point, NY 10980
Two-level commercial building combines warehouse, office, and adaptable upper-floor space.
Property Size6,750 SF
Price / SF$222.07
Days on Market121
Property Features for 1 Teneyck Street
General Information
Standard status
Active
Size
6,750 SF
Property subtype
Commercial
Zoning
BU
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
13.5 ft
Drive-In Doors
1
Power
400 amps
Taxes and HOA fees
Annual Taxes
$19,965
Building Details
Building Size
6,750 SF
Year Built
2012
Buildings
1
Stories
2
Listing Agency:
Howard Hanna Rand Realty
(201) 344-5888
Listed By:
Vivienne I. Cerrati
(201) 344-5888
Source:
Cohenandcohenrealty
Added: May 1
Changed: Aug 28
Last Checked: Aug 28 at 11:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
Constructed in 2012, this 6,750-square-foot mixed-use building combines warehouse and office functions across two levels. The ground floor includes warehouse space with 13'6" ceilings, a 10-foot garage door, gas-hung heating, and a half bath, along with an office area served by central AC and heat and a full bath. The structure features 18-inch walls, fire-rated sheetrock, doors and stairs, a fire alarm system, cedar soffits, and a lifetime roof.
The steel-reinforced concrete second floor is currently used for storage and includes 100-amp electrical service in each space, two full baths, and mini-split AC and heat. The building has 400-amp electrical service overall. Located at the corner of Ten Eyck Street and Route 9W, the upper level may accommodate offices, showrooms, or residential units under the Town of Stony Point BU zone, subject to applicable by-right and conditional-use provisions.
The steel-reinforced concrete second floor is currently used for storage and includes 100-amp electrical service in each space, two full baths, and mini-split AC and heat. The building has 400-amp electrical service overall. Located at the corner of Ten Eyck Street and Route 9W, the upper level may accommodate offices, showrooms, or residential units under the Town of Stony Point BU zone, subject to applicable by-right and conditional-use provisions.
Key Highlights
- 6,750‑square‑foot mixed‑use warehouse building constructed in 2012
- Corner position at Ten Eyck Street and Route 9W
- Ground‑floor warehouse has 13'6" ceilings and a 10‑foot garage door
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
$107,143
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
7.15%
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%
$2,142,860
$2.1M
Cap Rate 7%
$1,530,614
$1.5M
Cap Rate 9%
$1,190,478
$1.2M
Market Conditions
NOI Build-Up for 6,750 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
$178.2K $26.40/SF
− Vacancy
−$13.4K −$1.98/SF
EGI
$164.8K $24.42/SF
− OpEx
−$57.7K −$8.55/SF
NOI
$107.1K $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%
$2,142,860
Cap Rate 7%
$1,530,614
Cap Rate 9%
$1,190,478
Alternative Uses
Best Use
Office B
$2.75M
$2.41M – $3.21M
NOI $192,502 @ 7.0% cap · market cap 12.84%
Second Best
Flex RnD
$1.53M
$1.34M – $1.79M
NOI $107,143 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$4.46M
$3.91M – $5.21M
NOI $312,407 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
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?
Mixed-use property - Two-level commercial building combines warehouse, office, and adaptable upper-floor space.
Where is this mixed-use property located?
The property is located at 1 Teneyck Street Stony Point, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 6,750‑square‑foot mixed‑use warehouse building constructed in 2012; Corner position at Ten Eyck Street and Route 9W; Ground‑floor warehouse has 13'6" ceilings and a 10‑foot garage door
