Office
For Sale
$1,200,000
1545 Route 22, Brewster, NY 10509
The existing building is offered in as-is condition.
Property Size2,282 SF
Price / SF$525.85
Days on Market284
Property Features for 1545 Route 22
General Information
Standard status
Active
Size
2,282 SF
Property subtype
Commercial
Zoning
SR 22
Taxes and HOA fees
Annual Taxes
$38,414
Building Details
Building Size
2,282 SF
Year Built
1961
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Jan 13
Changed: Oct 23
Last Checked: Oct 23 at 2:34PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
This 2,282-square-foot office building dates to 1961 and is being sold in as-is condition. The property carries SR 22 zoning.
Located at 1545 Route 22 in Brewster, New York, the property offers an existing office building on a Route 22 address.
Located at 1545 Route 22 in Brewster, New York, the property offers an existing office building on a Route 22 address.
Key Highlights
- 2,282‑square‑foot office building
- SR 22 zoning
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,918
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,360
$798.4K
Cap Rate 7%
$570,257
$570.3K
Cap Rate 9%
$443,533
$443.5K
Market Conditions
NOI Build-Up for 2,282 SF
Gross rent
$61.9K $27.12/SF
− Vacancy
−$8.7K −$3.80/SF
EGI
$53.2K $23.32/SF
− OpEx
−$13.3K −$5.83/SF
NOI
$39.9K $17.49/SF
Area
Putnam County, NY
Vacancy
14.00%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,360
Cap Rate 7%
$570,257
Cap Rate 9%
$443,533
Alternative Uses
Best Use
Office B
$570.3K
$499.0K – $665.3K
NOI $39,918 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,617 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 10509, NY
19,501
Population
7,839
Households
2.5
Avg Household Size
44
Median Age
43%
College-Educated
91%
High-School Grad
36.1 sq mi
ZIP Area
540
Density / Sq Mi
$120,987
Median Household Income
$59,048
Median Earnings
$1,836
Median Rent
$430,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The existing building is offered in as-is condition.
Where is this office building located?
The property is located at 1545 Route 22 Brewster, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,282‑square‑foot office building; SR 22 zoning; Built in 1961
