Mixed-Use Building with Retail
2435 S State Route 32 New Windsor, NY 12553
2435 S State Route 32, New Windsor, NY, 12553
$895,000
Pending
For Sale
$895,000
Pending
Two-story building with retail, office, warehouse, and manufacturing space.
Property Size5,592 SF
Lot Size0.55 Acres
Days on Market130
Property Features for 2435 S State Route 32
General Information
- Standard status
- Pending
- Size
- 5,592 SF
- Lot size
- 0.55 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1960
Listing Agency
RAND COMMERCIAL
(914) 420-1974
Listed by
William W Smith
(914) 420-1974
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 6:04 am
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 RAND COMMERCIAL
Investment Insights
Based on property information with market context.
This two-story block building features a combination of retail, office, warehouse, and manufacturing space. The first floor offers 3,960 square feet suitable for retail, office, or showroom purposes, and is equipped with an oil-fired HVAC system and municipal water and sewer connections. The lower floor provides 5,592 square feet of warehouse, storage, and light manufacturing space, with ceiling heights ranging from 8 to 15 feet. Access is facilitated by three overhead doors and one loading dock. The property is located in an area suitable for retail, storage, warehouse, and light manufacturing businesses, such as flooring, carpet, lighting, plumbing supply, or wholesale electric supply companies, and contractors. The building is located in New Windsor, NY.
Key Highlights
- Versatile space suitable for retail, office, showroom, warehouse, storage, and light manufacturing.
- Features 3,960 sq. ft. of retail/office space and 5,592 sq. ft. of warehouse/storage space.
- Includes three overhead doors and one loading dock for loading convenience.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.7k | $18.00 |
| − Vacancy | −$3.4k | −$0.61 |
| EGI | $97.2k | $17.39 |
| − OpEx | −$29.2k | −$5.22 |
| NOI | $68.1k | $12.17 |
5,592 SF · lease $18.00/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$972.3K
$850.8K – $1.13M
NOI $68,064 @ 7.0% cap · market cap 7.60%
Second Best
Warehouse
$791.3K
$692.4K – $923.2K
NOI $55,390 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,576 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story building with retail, office, warehouse, and manufacturing space.
Where is this mixed-use property located?
The property is located at 2435 S State Route 32 New Windsor, 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: Versatile space suitable for retail, office, showroom, warehouse, storage, and light manufacturing.; Features **3,960 sq. ft. of retail/office space** and **5,592 sq. ft. of warehouse/storage space.**; Includes **three overhead doors and one loading dock** for loading convenience.
