Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Community Shopping Center Space Available Title is generated by Realmo AI

    17 Peekskill Hollow Road #3, Putnam Valley, NY 10579

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,600 /Mo

    Retail and office spaces for lease in Putnam Valley, NY.

    Type:Commercial
    Lot size:
    1.16 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    122
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 17 Peekskill Hollow Road #3

    General Information

    Standard status
    Active
    Lot size
    1.16 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    KENNETH LEFKOWITZ

    Listing agent KENNETH LEFKOWITZ

    Listing office HOULIHAN LAWRENCE INC.

    Listing date Jan 19, 2026

    Source Corcoran

    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 HOULIHAN LAWRENCE INC.

    HighLights

    • Strategically situated near key community landmarks (library, schools, community centers)
    • Variety of inline stores for lease on the ground floor (retail, cafes, local services)
    • Versatile 2nd‑floor spaces suitable for studios, gyms, dance classes, and office spaces
    • Located in a vibrant community shopping center
    • Ample on‑site parking for tenants and visitors
    • Thriving neighborhood hub catering to the daily needs of the Putnam Valley community

    Overview

    Located in Putnam Valley, NY, this community shopping center offers spaces for lease. The ground floor features inline stores suitable for retail shops, cafes, and local services. The second floor provides versatile spaces designed for studios, gyms, dance classes, and office spaces. The shopping center is strategically located near community landmarks, including the local library, schools, and community centers. Ample on-site parking is available for tenants and visitors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mountain Stream Budo Training Center Glamorous Nails & Spa Nail Salon Nonna's Pizzeria Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Putnam Valley
    County
    Putnam
    State
    New York
    Longitude
    -73.8741
    Latitude
    41.3346

    Nearby Similar for Lease

    • $2,350/Mo
      1,500 SF

      Professional Office Space in Putnam

      Private office space in central Putnam Valley, approximately 1,500 sqft.
      21 Peekskill Hollow Road, Putnam Valley, NY 10579
      View Details
    • $1,650/Mo

      Professional Office Space For Lease

      Private office in central Putnam Valley, ideal for professionals.
      21 Peekskill Hollow Road, Putnam Valley, NY 10579
      View Details
    • $2,350/Mo
      1,500 SF

      Professional Office Space For Rent

      Private office space in central Putnam Valley location.
      21 Peekskill Hollow Rd 203, Putnam Valley, NY 10579
      View Details
    • $2,350/Mo
      1,500 SF

      Professional Office Space For Rent

      Professional office space in central Putnam Valley available for lease.
      21 Peekskill Hollow Road #203, Putnam Valley, NY 10579
      View Details
    • $2,000/Mo

      Versatile Space in Putnam Valley

      Office, retail, studio, gym, and dance space available for rent.
      17 Peekskill Hollow Rd office, Putnam Valley, NY 10579
      View Details
    • $2,300/Mo

      Putnam Valley Dance Studio Space

      Second generation dance studio in a vibrant community shopping center.
      17 Peekskill Hollow Road #dance studio, Putnam Valley, NY 10579
      View Details
    • $2,000/Mo

      Versatile Space in Putnam Valley

      Office, retail, gym, and studio spaces available for lease.
      17 Peekskill Hollow Road #office, Putnam Valley, NY 10579
      View Details
    • $2,700/Mo

      Community Shopping Center Space Available

      Retail and office spaces for lease in Putnam Valley, NY.
      17 Peekskill Hollow Road #2, Putnam Valley, NY 10579
      View Details
    • $2,800/Mo

      Retail and Office Space Available

      Community shopping center with retail and office spaces for lease.
      17 Peekskill Hollow Road #1, Putnam Valley, NY 10579
      View Details
    • $30 SF/Yr
      1,300 SF

      Putnam Valley Flex/Industrial Space

      Flex/Industrial space available for lease in Putnam Valley, NY.
      17 Peekskill Hollow Rd, Putnam Valley, NY
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces for lease in Putnam Valley, NY.
    Where is this shopping center located?
    The property is located at 17 Peekskill Hollow Road #3 Putnam Valley, NY.
    What is the lease rate?
    The lease rate is $2,600 /Mo.
    What are key features of this property?
    This property features: Strategically situated near key community landmarks (library, schools, community centers); Variety of inline stores for lease on the ground floor (retail, cafes, local services); Versatile 2nd‑floor spaces suitable for studios, gyms, dance classes, and office spaces
    (914) 962-4900
    We can help!
    Listing Contact
    KENNETH LEFKOWITZ
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17 Peekskill Hollow Road #3, Putnam Valley, NY 10579
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!