Mixed-Use Office Building with Clock
For Sale
$985,000
16 S Liberty Drive, Stony Point, NY 10980
Commercial Sale, Stony Point, NY
Property Size4,097 SF
Lot Size0.25 Acres
Price / SF$240.42
Days on Market17
Property Features for 16 S Liberty Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Parking Lot
Basement
Storage Space, Walk-Out Access, Finished, Full
Lot features
Corner Lot, Paved
Elementary school
Stony Point Elementary School
High school
North Rockland High School
Elementary school district
North Rockland (Haverstraw-Stony Pt)
Middle school district
North Rockland (Haverstraw-Stony Pt)
High school district
North Rockland (Haverstraw-Stony Pt)
Directions
Located at the intersection of Route 9W (Liberty Drive) and Route 210 next to Chase Bank
Standard status
Active
APN
392800.020.007-0003-068.000/0000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
15605
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
3
Number of units
8
Flooring type
Carpet, Tile - Ceramic, Wood
Building materials
Block, Frame
Listing Agency:
IBNA Real Estate Group
(845) 639-9800
Listed By:
Lorie D. Lee
(845) 558-8508
Added: Sep 11
Changed: Sep 25
Last Checked: Sep 27 at 8:06PM
MLS# 1049871
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.25-acre mixed-use property has three distinct levels of commercial space. The main level contains five private offices, a shared lobby, a coffee bar and break area, and a bathroom. Upstairs, 1,392 square feet of open space features cathedral ceilings, oversized windows, a full bathroom, and storage. The 1,265-square-foot lower level has two separate entrances, a reception area, four rooms, and a bathroom; it was remodeled in 2022. The building also features a balcony and cupola clock tower.
The property is located at the intersection of Routes 9W and 210 in Stony Point. The main and lower levels are fully leased. The upper level is approved for office use; residential use would require Town approval.
The property is located at the intersection of Routes 9W and 210 in Stony Point. The main and lower levels are fully leased. The upper level is approved for office use; residential use would require Town approval.
Key Highlights
- 0.25‑acre mixed‑use property at Routes 9W and 210
- Main level includes 5 private offices and shared lobby, coffee bar, and bathroom
- Upstairs offers 1,392 square feet of open space with cathedral ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,620
$670.6K
Cap Rate 7%
$479,014
$479.0K
Cap Rate 9%
$372,567
$372.6K
Market Conditions
NOI Build-Up for 4,097 SF
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.
Gross rent
$61.5K $15.00/SF
− Vacancy
−$7.8K −$1.91/SF
EGI
$53.7K $13.10/SF
− OpEx
−$20.1K −$4.91/SF
NOI
$33.5K $8.18/SF
Area
Rockland County, NY
Vacancy
12.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,620
Cap Rate 7%
$479,014
Cap Rate 9%
$372,567
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,841 @ 7.0% cap · market cap 11.86%
Second Best
Mixed Use
$479.0K
$419.1K – $558.9K
NOI $33,531 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,619 @ 7.0% cap · market cap 19.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 10980, NY
13,289
Population
5,081
Households
2.6
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
27.4 sq mi
ZIP Area
485
Density / Sq Mi
$125,333
Median Household Income
$58,306
Median Earnings
$1,748
Median Rent
$475,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five private offices, a shared lobby, and a coffee bar occupy the primary level.
Where is this mixed-use property located?
The property is located at 16 S Liberty Drive Stony Point, NY.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 0.25‑acre mixed‑use property at Routes 9W and 210; Main level includes 5 private offices and shared lobby, coffee bar, and bathroom; Upstairs offers 1,392 square feet of open space with cathedral ceilings
