Three-Level Professional Office
New
For Sale
$3,950,000
127 Route 59, Monsey, NY 10952
A freestanding office property offers private parking and elevator access across its three levels.
Property Size7,488 SF
Days on Market4
Property Features for 127 Route 59
General Information
Standard status
Active
Size
7,488 SF
Elevators
Yes
Additional Details
Asking Price
$3,950,000
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$24,189
Amenities
conference room
kitchenette
Central Air
Natural Gas
Finished, Walk-Out Access
Building Details
Building Size
7,488 SF
Buildings
1
Stories
3
Listing Agency:
Rodeo Realty Inc
Listed By:
Moshe Grosz
(845) 422-3447
Source:
Evrealestate
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 7:25PM
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 Rodeo Realty Inc
Investment Insights
Based on property information with market context.
This freestanding, three-level office building has a varied layout across its floors. The upper level is arranged with approximately 51 cubicles, while the middle floor contains eight executive offices, a conference room, a kitchenette, and multiple restrooms. The lower level adds further restroom facilities, and an elevator provides wheelchair-accessible access between levels. A private parking lot serves the property.
Positioned on Route 59 in Monsey, the building combines open office space with enclosed offices and shared meeting and support areas. The configuration includes features suited to a range of professional office operations.
Positioned on Route 59 in Monsey, the building combines open office space with enclosed offices and shared meeting and support areas. The configuration includes features suited to a range of professional office operations.
Key Highlights
- Freestanding office building with three levels
- Upper floor currently arranged with approximately 51 cubicles
- Middle level includes 8 executive offices and a large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,548
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,270,960
$4.3M
Cap Rate 7%
$3,050,686
$3.1M
Cap Rate 9%
$2,372,756
$2.4M
Market Conditions
NOI Build-Up for 7,488 SF
Gross rent
$337.0K $45.00/SF
− Vacancy
−$52.2K −$6.98/SF
EGI
$284.7K $38.03/SF
− OpEx
−$71.2K −$9.51/SF
NOI
$213.5K $28.52/SF
Area
Rockland County, NY
Vacancy
15.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,270,960
Cap Rate 7%
$3,050,686
Cap Rate 9%
$2,372,756
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.56M
NOI $213,548 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.95M
$4.33M – $5.78M
NOI $346,563 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 10952, NY
47,426
Population
11,743
Households
4
Avg Household Size
19
Median Age
26%
College-Educated
85%
High-School Grad
8.9 sq mi
ZIP Area
5,329
Density / Sq Mi
$70,696
Median Household Income
$35,340
Median Earnings
$1,715
Median Rent
$786,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - A freestanding office property offers private parking and elevator access across its three levels.
Where is this office building located?
The property is located at 127 Route 59 Monsey, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Freestanding office building with three levels; Upper floor currently arranged with approximately 51 cubicles; Middle level includes 8 executive offices and a large conference room
