Industrial Flex Building with
31 Walnut St New Windsor, NY 12553
31 Walnut St, New Windsor, NY, 12553
Contact for pricing
For Sale
Contact for pricing
Pending
Industrial building with loading dock, drive-in access, and on-site office space plus a leased garage structure.
Property Size12,144 SF
Lot Size1.30 Acres
Days on Market647
Property Features for 31 Walnut St
General Information
- Standard status
- Pending
- Size
- 12,144 SF
- Lot size
- 1.30 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1954
Listing agency
MK Realty
(845) 782-0205
Listed by
Abraham Lowy · License #NY-10401327281, NJ-2189562
Source
Crexi
Added: Oct 14, 2024 Updated: Jul 22 at 4:46PM Checked: Jul 22 at 4:46PM
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 MK Realty
Investment Insights
Based on property information with market context.
This for-sale industrial flex property includes an 11,000 sq. ft. industrial building and a separate 1,144 sq. ft. garage-style structure. The main building features 3,000 sq. ft. of office space, with 2,000 sq. ft. on the first floor and 1,000 sq. ft. on the second floor as apartment/office space. Building features include a 13 ft. ceiling height, a loading dock, and a drive-in entrance. The garage structure has two drive-ins.
A portion of the property is currently leased, with the garage and part of the warehouse under lease. The property sits on a 1.3-acre lot and is described as offering parking and convenient access, including a secondary road entrance at the back of the building, with the site located right off Route 32.
For a buyer seeking a combination of industrial and office functionality, the existing layout supports a practical owner-user or mixed-use configuration, with indoor office space integrated into the warehouse building.
A portion of the property is currently leased, with the garage and part of the warehouse under lease. The property sits on a 1.3-acre lot and is described as offering parking and convenient access, including a secondary road entrance at the back of the building, with the site located right off Route 32.
For a buyer seeking a combination of industrial and office functionality, the existing layout supports a practical owner-user or mixed-use configuration, with indoor office space integrated into the warehouse building.
Key Highlights
- 1954‑built industrial property on a 1.3‑acre lot with an 11,000 SF industrial building plus a 1,144 SF garage‑style structure
- 11,000 SF building includes 3,000 SF office space: 2,000 SF first floor and 1,000 SF apartment/office space on the second floor
- 13 ft ceiling height with a loading dock and drive‑in entrance for warehouse operations
Local Financial Insights For Flex RnD
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 | $228.8k | $18.84 |
| − Vacancy | −$11.0k | −$0.90 |
| EGI | $217.8k | $17.94 |
| − OpEx | −$76.2k | −$6.28 |
| NOI | $141.6k | $11.66 |
12,144 SF · lease $18.84/SF/yr · vacancy 4.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.90M
$2.54M – $3.39M
NOI $203,203 @ 7.0% cap · market cap 12.71%
Second Best
Flex RnD
$2.02M
$1.77M – $2.36M
NOI $141,577 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$4.11M
$3.60M – $4.80M
NOI $287,912 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
E & S Machine
Metal Fabrication Plant
Classic Tool Design
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Truly Scrumptious Catering — 10 Quassaick Ave, New Windsor, NY 12553
FAQs
What type of property is this?
Flex space - Industrial building with loading dock, drive-in access, and on-site office space plus a leased garage structure.
Where is this flex space located?
The property is located at 31 Walnut St New Windsor, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 1954‑built industrial property on a 1.3‑acre lot with an 11,000 SF industrial building plus a 1,144 SF garage‑style structure; 11,000 SF building includes 3,000 SF office space: 2,000 SF first floor and 1,000 SF apartment/office space on the second floor; 13 ft ceiling height with a loading dock and drive‑in entrance for warehouse operations
