Versatile Warehouse Space with Expansion
181 Boyd Street Montgomery, NY 12549
For Sale
$4,500,000
39,422 sq ft warehouse on 4.2 acres near I-87/I-84.
Property Size39,422 SF
Lot Size4.20 Acres
Price / SF$114.15
Days on Market118
Property Features for 181 Boyd Street
General Information
- Standard status
- Active
- Size
- 39,422 SF
- Lot size
- 4.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing Agency:
EREALTY ADVISORS, INC
(914) 712-6330
Listed By:
JOEL WEISER · License #NYS10401338447
Source:
Corcoran
Added: Mar 30
Changed: Jul 10
Last Checked: Jul 10 at 1:14PM
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 EREALTY ADVISORS, INC
Investment Insights
Based on property information with market context.
This 39,422 square foot warehouse is divided into three sections. Section 1 offers 8,000 square feet, Section 2 provides 11,808.25 square feet, and Section 3 encompasses 19,614 square feet. Ceiling heights vary, with Sections 1 and 2 ranging from 14 to 16 feet and Section 3 ranging from 10.5 to 21 feet. The column spacing is 24 by 40 feet. Each section includes office space and bathrooms. Loading access is facilitated by 12 tailgate loading docks and one drive-in door. The property is equipped with heavy electric power (3 Phase), municipal sewer and water, and natural gas. A heating system serves the warehouse, while the offices have both air conditioning and heat. A fully protected, dry sprinkler system is in place. The property includes 4.2 acres across two parcels (3.6 and 0.60 acres). Ample outdoor space is available for parking, storage, and potential building expansion. The location provides strategic access, being a short drive from Interstate 87, Interstate I-84, Orange County Airport, and Stewart International Airport.
Key Highlights
- Strategic location with quick access to Interstate 87, Interstate I‑84, Orange County Airport, and Stewart International Airport.
- Large 4.2‑acre lot suitable for parking, storage, and building expansion.
- Substantial 39,422 sq. ft. building divided into 3 sections.
Financial Insights For Warehouse
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 | $553.5k | $14.04 |
| − Vacancy | −$94.1k | −$2.39 |
| EGI | $459.4k | $11.65 |
| − OpEx | −$68.9k | −$1.75 |
| NOI | $390.5k | $9.91 |
39,422 SF · lease $14.04/SF/yr · vacancy 17.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.58M
$4.88M – $6.51M
NOI $390,484 @ 7.0% cap · market cap 8.68%
Second Best
Industrial
$4.59M
$4.02M – $5.36M
NOI $321,575 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$13.35M
$11.68M – $15.58M
NOI $934,623 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FlareTech
Big Box & Wholesale Store
Rose Dinettes
Building Supply
Mio Marino
Warehouse & Storage
Similar Off Market Nearby
- Montgomery Self Storage — 9 Factory St 2nd Floor, Montgomery, NY 12549
- Jaysway Storage Center — 20 Railroad Ave, Montgomery, NY 12549
FAQs
What type of property is this?
Warehouse - 39,422 sq ft warehouse on 4.2 acres near I-87/I-84.
Where is this warehouse located?
The property is located at 181 Boyd Street Montgomery, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Strategic location with quick access to Interstate 87, Interstate I‑84, Orange County Airport, and Stewart International Airport.; Large 4.2‑acre lot suitable for parking, storage, and building expansion.; Substantial 39,422 sq. ft. building divided into 3 sections.
