Highland Commercial Building For
For Sale
Contact for pricing
17 Milton Ave, Highland, NY 12528
Commercial building in Highland, NY, currently set up for brewery.
Property Size7,362 SF
Price / SF$121.57
Days on Market175
Property Features for 17 Milton Ave
General Information
Standard status
Active
Size
7,362 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
CR Properties Group LLC
(845) 485-3100
Listed By:
Thomas Cervone · License #NY 49CE0922865
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 9 at 11:43AM
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 CR Properties Group LLC
Investment Insights
Based on property information with market context.
A commercial building is available for sale at 17 Milton Avenue, Highland, NY 12528. The building is currently set up for a brewery, featuring a loading dock and storage space. Highland, NY, situated in Ulster County, provides scenic views of the Hudson River and opportunities for outdoor activities such as the Walkway Over the Hudson and the Rail Trail. The area offers a small-town atmosphere with local shops and convenient access to nearby towns like Poughkeepsie and New Paltz. Known for its history and natural beauty, Highland combines rural charm with convenience. The property has a size of 7,362 square feet.
Key Highlights
- Commercial building suited for a brewery with loading dock and storage.
- Located in Highland, NY, offering scenic Hudson River views and outdoor activities.
- Access to Walkway Over the Hudson and Rail Trail.
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
$43,227
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
4.83%
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%
$864,540
$864.5K
Cap Rate 7%
$617,529
$617.5K
Cap Rate 9%
$480,300
$480.3K
Market Conditions
NOI Build-Up for 7,362 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
$66.3K $9.00/SF
− Vacancy
−$4.5K −$0.61/SF
EGI
$61.8K $8.39/SF
− OpEx
−$18.5K −$2.52/SF
NOI
$43.2K $5.87/SF
Area
Ulster County, NY
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$864,540
Cap Rate 7%
$617,529
Cap Rate 9%
$480,300
Alternative Uses
Best Use
Industrial
$617.5K
$540.3K – $720.5K
NOI $43,227 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$68.85M
$60.24M – $80.32M
NOI $4,819,338 @ 7.0% cap · market cap 538.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 12528, NY
14,089
Population
6,332
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
314
Density / Sq Mi
$89,096
Median Household Income
$57,626
Median Earnings
$1,642
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Brewery - Commercial building in Highland, NY, currently set up for brewery.
Where is this brewery located?
The property is located at 17 Milton Ave Highland, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Commercial building suited for a brewery with loading dock and storage.; Located in Highland, NY, offering scenic Hudson River views and outdoor activities.; Access to Walkway Over the Hudson and Rail Trail.
