Professional Office Building For
60-62 E Main St, Wappingers Falls, NY
Professional office building for sale in Wappingers Falls, NY.
Type:OFFICE
Property size:
4,364 SFLot size:
0.32 AcresPrice / SF:
$205/SF- Added:
- Mar 21, 2024
- Days on Market:
- 787
- Last Refresh:
- Apr 5 at 11:22 pm
Property Features for 60-62 E Main St
General Information
- Standard status
- Active
- Size
- 4,364 SF
- Lot size
- 0.32 Acres
- Property subtype
- OFFICE
Listing agent Tom Cervone
Listing office CR Properties Group, LLC (845) 485-3100
Listing date Mar 21, 2024
Source Moodyscre
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 CR Properties Group, LLC
HighLights
- Professional office building, great for owner‑occupancy or investment.
- Three‑story layout with flexible spaces, including private offices, production areas, and closing rooms.
- Lower level with separate entrance suitable for rental income.
- Multiple restrooms and a kitchen/lunchroom on the second level.
- Located on the southeast corner of N Meiser Ave & E Main St.
- First level includes a reception and waiting area.
Overview
The property at 60-62 E Main Street in Wappingers Falls, NY, is a professional office building available for sale. The building's layout includes multiple levels. The lower level features an office, a large secretarial area, and a restroom with a separate entrance, making it suitable for rental income. The first level contains a reception area, a waiting area, three closing rooms (one of which can be shared with the lower level tenant), one office, a production area, and restrooms. The second level offers eight private offices, a large production area/file room, two restrooms, and a kitchen/lunchroom. The building has a total size of 4,364 square feet and is located on the southeast corner of N Meiser Ave and E Main St.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$776.1K
NOI $69,848 @ 9.00% cap · cautious / downside scenario
Moderate
$997.8K
NOI $69,848 @ 7.00% cap · market / base-case scenario
Aggressive
$1.40M
NOI $69,848 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.4k | $27.36 |
| − Vacancy | −$26.3k | −$6.02 |
| EGI | $93.1k | $21.34 |
| − OpEx | −$23.3k | −$5.34 |
| NOI | $69.8k | $16.01 |
4,364 SF · lease $27.36/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$997.8K
$873.1K – $1.16M
NOI $69,848 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,955 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Wappingers Falls
- County
- Dutchess
- State
- New York
- Longitude
- -73.9158
- Latitude
- 41.5974
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Professional office building for sale in Wappingers Falls, NY.
Where is this office building located?
The property is located at 60-62 E Main St Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Professional office building, great for owner‑occupancy or investment.; Three‑story layout with flexible spaces, including private offices, production areas, and closing rooms.; Lower level with separate entrance suitable for rental income.
