Building Details

Building Size 45,000 SF

Year Built 1897

Buildings 12

Construction brick-and-timber

Tenancy Multi

Listing Agency: Ellis Sotheby's Intl Realty

Listed By: Laura Weintraub · License #10301222770 Show Phone

Source: Leadingedgeli

Added: Oct 6 Changed: Oct 7 Last Checked: Oct 7 at 2:09PM

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Investment Insights

Based on property information with market context.

This 11.31-acre mixed-use property comprises three parcels and approximately 45,000 square feet of residential, commercial, and storage space. Twelve brick-and-timber buildings feature tall windows, high ceilings, and broad floor areas. The site also includes six residential homes, original barns and stables, and a main dwelling dating to 1778. Existing tenancies and occupancies are in place, and the property is being sold as is.

The parcels carry LIO (Light Industrial-Office) and CC (Retail-Commerce) zoning within the Route 303 Overlay Zone. The property is 16 miles from the George Washington Bridge, one mile from Palisades Parkway Exit 6, and four miles from Nyack.

Key Highlights

• 11.31 acres across three combined parcels
• Approximately 45,000 square feet of residential, commercial, and storage space
• Twelve brick‑and‑timber buildings, plus six residential homes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$633,717

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,674,340 $12.7M

Cap Rate 7%

$9,053,100 $9.1M

Cap Rate 9%

$7,041,300 $7.0M

Market Conditions

NOI Build-Up for 45,000 SF

Gross rent

$945.0K $21.00/SF

− Vacancy

−$39.7K −$0.88/SF

EGI

$905.3K $20.12/SF

− OpEx

−$271.6K −$6.04/SF

NOI

$633.7K $14.08/SF

Area

Rockland County, NY

Vacancy

4.20%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,674,340

Cap Rate 7%

$9,053,100

Cap Rate 9%

$7,041,300

Alternative Uses

Best Use

Office B

$18.33M

$16.04M – $21.39M (±1% cap)

NOI $1,283,344 @ 7.0% cap · market cap 11.16%

Second Best

Retail

$9.05M

$7.92M – $10.56M (±1% cap)

NOI $633,717 @ 7.0% cap · market cap 5.51%

Theoretical Best

Specialty Retail

$29.75M

$26.03M – $34.71M (±1% cap)

NOI $2,082,713 @ 7.0% cap · market cap 18.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Hair Salon Spa & Massage Center Electrical Service Auto Parts Store Parking Lot & Garage Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

462

Businesses Nearby

Explore this area Business Placement

Demographics for 10962, NY

5,049

Population

1,678

Households

3

Avg Household Size

47

Median Age

56%

College-Educated

89%

High-School Grad

5.2 sq mi

ZIP Area

971

Density / Sq Mi

$171,389

Median Household Income

$60,850

Median Earnings

$1,655

Median Rent

$653,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - A multi-building property combines residential, commercial, and storage space across three parcels.

Where is this mixed-use property located?

The property is located at 2-10 Bell Lane Orangeburg, NY.

What is the asking price?

The asking price for this property is $11,500,000.

What are key features of this property?

This property features: 11.31 acres across three combined parcels; Approximately 45,000 square feet of residential, commercial, and storage space; Twelve brick‑and‑timber buildings, plus six residential homes