Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1037 Route 22 Brewster, NY 10509

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,550,000

    21,446 SF building on 4.33 acres, Route 22, Brewster.

    Lot size:
    4.33 Acres

    Property Features for 1037 Route 22

    General Information

    Standard status
    Active
    Lot size
    4.33 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Ryan Laluna
    Ryan Laluna
    Source: Corcoran

    Listing Agency: MCGRATH REALTY INC Listing Agent: Ryan Laluna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Brewster Retail/Office/Medical Opportunity

    The property is a 21,446 square foot building situated on 4.33 acres located on Route 22 in Brewster, NY. The location is highly accessible, directly off I-684 and I-84. A new expansion was built in 2013. The building is suitable for retail, office, medical, or recreational facility use. It features ample parking, natural gas, and well and septic systems. Approximately 6,000 square feet is ready to occupy, with the remaining square footage currently used for storage, but it can be connected to the existing septic system and utilized as finished space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Putnam
    State
    New York
    Longitude
    -73.5959805
    Latitude
    41.3965795

    Nearby Similar for Sale

    • $800,000
      Pending

      Gas Station and Repair Shop

      Established gas station with repair shop on 6.31 acres.
      1675 Route 22, Brewster, NY 10509
      View Details
    • $1,750,000
      19,463 SF

      Brewster Commercial Building For Sale

      Commercial building suitable for construction or storage business.
      3839 Danbury Rd, Brewster, NY 10509
      View Details
    • $950,000
      3.42 Acres

      Brewster Duplex with Tenant in Place

      Two detached homes with tenant until December 2026.
      176 Doansburg Rd, Brewster, NY 10509
      View Details
    • $450,000
      2,315 SF

      Freestanding Retail Building with Apartment

      2,315 SF building with retail space and residential apartment.
      1485 Route 22, Brewster, NY 10509
      View Details
    • $4,250,000
      8,000 SF

      Premier Equine Facility on 15+ Acres

      Equine veterinary practice and horse boarding facility on 15.74 acres.
      120 Nichols Rd, Brewster, NY 10509
      View Details
    • $1,550,000

      Brewster Retail/Office/Medical Opportunity

      21,446 SF building on 4.33 acres, Route 22.
      1037 Route 22, Brewster, NY 10509
      View Details
    • $399,999

      Brewster Two-Family Home

      Two-family home in Brewster, ideal for investors.
      534 N Main St, Brewster, NY 10509
      View Details
    • Contact for pricing
      5,000 SF

      Retail Center in Brewster, NY

      Multi-tenant retail center with essential grocer and nail salon.
      196 E Main St, Brewster, NY 10509
      View Details
    • $375,000

      Brewster Village Two-Family Investment

      Two-family property near train, restaurants, and stores in Brewster.
      12 Eastview Ave, Brewster, NY 10509
      View Details
    • Contact for pricing
      30,000 SF

      Proposed High Bay Warehouse

      Proposed 30,000 sq ft high bay warehouse for sale.
      4-10 Independent Way, Brewster, NY 10509
      View Details
    • $365,000
      1,237 SF

      Updated Condo in Eagle's Ridge

      Modern 2-bedroom condo with updated features and community amenities.
      705 Eagles Ridge Rd, Brewster, NY 10509
      View Details
    • $1,950,000
      22,164 SF

      Brewster NY Redevelopment Opportunity

      Prime Route 22 location, vacant, 22,164 sq ft.
      1037 Ny-22, Brewster, NY 10509
      View Details

    FAQs

    What type of property is this?
    Retail space - 21,446 SF building on 4.33 acres, Route 22, Brewster.
    Where is this retail space located?
    The property is located at 1037 Route 22 Brewster, NY.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Highly accessible location directly off I-684 and I-84 on Route 22.; - Large 21,446 square foot building on 4.33 acres.; - **6,000 SF ready to occupy.**
    (845) 896-5444
    Request Owner's contact information
    1037 Route 22 Brewster, NY 10509
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1037 Route 22
    Brewster, NY 10509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1037 Route 22 Brewster, NY 10509
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Laluna
    Ryan Laluna
    Real Estate License ID: 10401292589
    (845) 896-5444 (845) 251-0300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!