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    Industrial Property with Redevelopment Potential Title is generated by Realmo AI

    15 - 45 Ocallaghan Ln, Red Hook, NY

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    33,500 SF industrial property on 8.5 acres for sale.

    Type:INDUSTRIAL
    Property size:
    33,500 SF
    Lot size:
    8.49 Acres
    Price / SF:
    $73/SF
    Added:
    Sep 13, 2024
    Days on Market:
    640
    Last Refresh:
    May 20 at 9:08 pm

    Property Features for 15 - 45 Ocallaghan Ln

    General Information

    Standard status
    Active
    Size
    33,500 SF
    Lot size
    8.49 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Chris O’Callaghan

    Listing agent Chris O’Callaghan

    Listing office RM Friedland LLC

    Listing date Sep 13, 2024

    Source Moodyscre

    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 RM Friedland LLC

    HighLights

    • 33,500 SF Industrial Property & Yard
    • Situated on 8.5 acres
    • Redevelopment potential
    • Adjacent to municipal sewer

    Overview

    This industrial property features 33,500 square feet of space situated on 8.5 acres. The property offers redevelopment potential and is located adjacent to municipal sewer in Red Hook, New York.

    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 $317.6k $9.48
    − Vacancy −$21.6k −$0.64
    EGI $296.0k $8.84
    − OpEx −$88.8k −$2.65
    NOI $207.2k $6.18
    33,500 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $2.96M
    $2.59M – $3.45M (±1% cap)
    NOI $207,189 @ 7.0% cap · market cap 8.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $10.08M
    $8.82M – $11.76M (±1% cap)
    NOI $705,886 @ 7.0% cap · market cap 28.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Hook
    County
    Dutchess
    State
    New York
    Longitude
    -73.8804
    Latitude
    41.9919

    FAQs

    What type of property is this?
    Industrial property - 33,500 SF industrial property on 8.5 acres for sale.
    Where is this industrial property located?
    The property is located at 15 - 45 Ocallaghan Ln Red Hook, NY.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: 33,500 SF Industrial Property & Yard; Situated on 8.5 acres; Redevelopment potential
    (914) 325-1597 Call to check price and availability
    More about this property
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