Building Details

Buildings 1

Stories 2

Units 10

Tenancy Multi

Listing Agency: NorthEast Private Client Group Shelton

Listed By: Karl Hasselrot · License #CT

Source: Crexi

Added: Aug 10 Changed: Oct 14 Last Checked: Oct 16 at 7:11AM

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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 NorthEast Private Client Group Shelton

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Investment Insights

Based on property information with market context.

This 35,284-square-foot flex property occupies roughly 1.63 acres and is arranged into 10 individual industrial suites. Seven suites are leased, while three are expected to be vacated by the current owner at closing. Tenants pay their own electric and heating costs, and the configuration provides separate spaces within one multi-tenant building.

The property is located at 12 White Street in Buchanan, New York, on the eastern bank of the Hudson River between Peekskill and Cortlandt. Access is available to Route 9, the Metro-North Hudson Line, Bear Mountain State Parkway, and Taconic State Parkway. The location also connects with the broader Hudson Valley and lower Westchester industrial market.

Key Highlights

• 35,284‑square‑foot industrial flex building on roughly 1.63 acres
• 10 individual suites with 7 currently leased
• 3 suites expected to be vacated by the current owner at closing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$540,709

Cap Rate

8.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,814,180 $10.8M

Cap Rate 7%

$7,724,414 $7.7M

Cap Rate 9%

$6,007,878 $6.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 35,284 SF

Gross rent

$677.5K $19.20/SF

− Vacancy

−$41.3K −$1.17/SF

EGI

$636.1K $18.03/SF

− OpEx

−$95.4K −$2.70/SF

NOI

$540.7K $15.32/SF

Area

Westchester County, NY

Vacancy

6.10%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,814,180

Cap Rate 7%

$7,724,414

Cap Rate 9%

$6,007,878

Alternative Uses

Best Use

Warehouse

$7.72M

$6.76M – $9.01M (±1% cap)

NOI $540,709 @ 7.0% cap · market cap 8.32%

Second Best

Flex RnD

$7.61M

$6.66M – $8.88M (±1% cap)

NOI $532,817 @ 7.0% cap · market cap 8.20%

Theoretical Best

Retail

$10.66M

$9.33M – $12.43M (±1% cap)

NOI $746,062 @ 7.0% cap · market cap 11.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Artistic Glasswork - Leaded ... Interior Design Hudson Marble & Granite ... Construction Company

Suggested Use

Top Pick HVAC Service Locksmith (Bike/Boat/Book/etc) Store Storage Facility Catering Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

328

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 10511, NY

2,369

Population

849

Households

2.8

Avg Household Size

42

Median Age

46%

College-Educated

95%

High-School Grad

1.5 sq mi

ZIP Area

1,579

Density / Sq Mi

$127,375

Median Household Income

$65,441

Median Earnings

$1,670

Median Rent

$492,000

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar Off Market Nearby

• Prime Venue — 20 Welcher Ave, Peekskill, NY 10566

Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex property with multiple suites, in-place occupancy, and access to regional transportation corridors.

Where is this flex space located?

The property is located at 12 White Street Buchanan, NY.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: 35,284‑square‑foot industrial flex building on roughly 1.63 acres; 10 individual suites with 7 currently leased; 3 suites expected to be vacated by the current owner at closing