Spacious Industrial Building with Expansion
25 Oakland Ave Chester, NY 10918
For Sale
$28,000,000
270,000 sq ft building on 33.4 acres near major highways.
Property Size270,000 SF
Lot Size33.40 Acres
Price / SF$103.70
Days on Market93
Property Features for 25 Oakland Ave
General Information
- Standard status
- Active
- Size
- 270,000 SF
- Lot size
- 33.40 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1965
Listing Agency:
eRealty Advisors Inc
(845) 204-8063
Listed By:
Joel Weiser · License #NYS10401338447
(845) 204-8063
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 24 at 12:02PM
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 eRealty Advisors Inc
Investment Insights
Based on property information with market context.
The property features a 270,000-square-foot building, with smaller sections available ranging from 60,000 to 270,000 square feet, situated on a 33.40-acre lot. The building offers 14.7' clear ceiling heights and column spacing of 48’ x 25’. Office space totals 13,000 square feet, including private offices of various sizes, an open area, a conference room, a kitchenette, and bathrooms. Loading access is facilitated by eight 8'x10' tailgate loading docks with levelers and seven drive-in doors, with the possibility of adding more loading docks or drive-in doors. The property is equipped with heavy electric power (4x 3000 amps, 3 phase, 480 volt), natural gas, and municipal sewer and water. A fully sprinklered, wet system is in place, along with a full heating system in the warehouse area. There is a 2-acre fenced and paved lot for parking or storage. A new roof was installed in March 2022 with a 20-year warranty. The property offers many opportunities for building expansion. It is strategically located near major highways, right off I-86/Route 17 - Exit 126, NYS Thruway (I-87) - Exit 16, and I-84 - Exit 19. Stewart International Airport is 20 minutes away, and New York City is 45 minutes away. The location is near the Chester Industrial Park and provides easy access to public transportation by bus or train, as well as various amenities such as restaurants, department stores, hotels, and shopping outlets.
Key Highlights
- Strategically located with immediate access to I‑86/Route 17 and short distance to NYS Thruway (I‑87), I‑84, Stewart International Airport, and NYC.
- Heavy electric power (4x 3000 amps, 3 phase, 480 volt) and other utilities are available.
- Flexible space options: Smaller sections available from 60,000‑270,000 sq. ft.
Financial Insights For Industrial
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 | $3.79M | $14.04 |
| − Vacancy | −$644.4k | −$2.39 |
| EGI | $3.15M | $11.65 |
| − OpEx | −$943.9k | −$3.50 |
| NOI | $2.20M | $8.16 |
270,000 SF · lease $14.04/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$64.54M
$56.47M – $75.30M
NOI $4,517,856 @ 7.0% cap · market cap 16.14%
Second Best
Warehouse
$38.21M
$33.43M – $44.57M
NOI $2,674,409 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$91.45M
$80.02M – $106.69M
NOI $6,401,203 @ 7.0% cap · market cap 22.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar Off Market Nearby
- Extra Space Storage — 53 Brookside Ave, Chester, NY 10918
- Storagetown — RR 94, Chester, NY 10918
FAQs
What type of property is this?
Warehouse - 270,000 sq ft building on 33.4 acres near major highways.
Where is this warehouse located?
The property is located at 25 Oakland Ave Chester, NY.
What is the asking price?
The asking price for this property is $28,000,000.
What are key features of this property?
This property features: Strategically located with immediate access to I‑86/Route 17 and short distance to NYS Thruway (I‑87), I‑84, Stewart International Airport, and NYC.; Heavy electric power (4x 3000 amps, 3 phase, 480 volt) and other utilities are available.; Flexible space options: Smaller sections available from 60,000‑270,000 sq. ft.
