Flex Warehouse with Office
7401 S Broadway Red Hook, NY 12571
7401 S Broadway, Red Hook, NY, 12571
$825,000
For Sale
$825,000
Large flex building with glass entry, ample parking, offices, and two kitchenettes plus a central bathroom.
Property Size6,200 SF
Price / SF$133.06
Days on Market2044
Property Features for 7401 S Broadway
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agency
UPSTATE DOWN RH
(718) 406-5210
Listed by
JONATHAN BERRY · License #10401325347
(718) 406-5210
Source
Xome
Added: Dec 15, 2020 Updated: Jul 21 at 6:00AM Checked: Jul 21 at 6:00AM
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 UPSTATE DOWN RH
Investment Insights
Based on property information with market context.
This large flex-style property includes approximately 6,200 square feet that was previously used as an open warehouse and has been used for office space. The front area features ample parking and a glass entrance that provides good indoor visibility. Inside, there are two kitchenettes and one central bathroom, along with separating walls that can be reworked or removed.
The property is located on Route 9 in Red Hook, NY, offering straightforward access via the parking area at the front of the building.
Currently, two tenants occupy the building under a one-year lease.
The property is located on Route 9 in Red Hook, NY, offering straightforward access via the parking area at the front of the building.
Currently, two tenants occupy the building under a one-year lease.
Key Highlights
- Approximately 6,200 SF commercial flex building in Red Hook with offices and a former open warehouse layout
- Glass entry at the front area with indoor visibility and separating walls that can be reworked or removed
- Two kitchenettes and one central bathroom
Local 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 | $58.8k | $9.48 |
| − Vacancy | −$4.0k | −$0.64 |
| EGI | $54.8k | $8.84 |
| − OpEx | −$16.4k | −$2.65 |
| NOI | $38.3k | $6.18 |
6,200 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.70M
NOI $101,774 @ 7.0% cap · market cap 12.34%
Second Best
Office B
$1.42M
$1.24M – $1.65M
NOI $99,235 @ 7.0% cap · market cap 12.03%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,642 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Universal Builders Supply ...
Construction Company
Bard College Exhibition ...
Art Gallery
Professional Computer Associates
Tech Support Center
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Large flex building with glass entry, ample parking, offices, and two kitchenettes plus a central bathroom.
Where is this flex space located?
The property is located at 7401 S Broadway Red Hook, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 6,200 SF commercial flex building in Red Hook with offices and a former open warehouse layout; Glass entry at the front area with indoor visibility and separating walls that can be reworked or removed; Two kitchenettes and one central bathroom
