Mixed-Use Redevelopment
For Sale
Contact for pricing
2616 Brewerton Road, Mattydale, NY 13211
Centrally located near the I-81 and I-90 interchange with redevelopment potential into multi-tenant or standalone buildings.
Property Size10,908 SF
Price / SF$256.69
Days on Market14
Property Features for 2616 Brewerton Road
General Information
Standard status
Active
Size
10,908 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Highway Access
Yes
Building Details
Year Built
1998
Listing Agency:
Sutton Real Estate Company LLC
Listed By:
Larry Socia · License #NY 30SO0748875
Source:
Crexi
Added: Jul 23
Changed: Jul 29
Last Checked: Aug 4 at 4:38AM
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 Sutton Real Estate Company LLC
Investment Insights
Based on property information with market context.
This mixed-use redevelopment property offers a flexible path for a new owner to reimagine the site as a multi-tenant building or as several standalone buildings. Built in 1998, the property provides a foundation for an owner seeking to reposition the asset for updated tenant needs.
The property is centrally located near the interchange of Interstates 81 and 90. The location is intended to benefit from increased traffic and population tied to ongoing development of the Micron ChipFab Campus, located 8.4 miles away.
For buyers evaluating redevelopment strategies, this site’s combination of an established building year and strong regional access supports a range of potential configurations, whether targeting multiple tenants within one structure or multiple independent buildings.
The property is centrally located near the interchange of Interstates 81 and 90. The location is intended to benefit from increased traffic and population tied to ongoing development of the Micron ChipFab Campus, located 8.4 miles away.
For buyers evaluating redevelopment strategies, this site’s combination of an established building year and strong regional access supports a range of potential configurations, whether targeting multiple tenants within one structure or multiple independent buildings.
Key Highlights
- Redevelopment potential into a multi‑tenant building or several standalone buildings
- Centrally located near the interchange of Interstates 81 and 90
- Micron ChipFab Campus is 8.4 miles away
Financial Insights For Office B
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 | $163.6k | $15.00 |
| − Vacancy | −$23.7k | −$2.18 |
| EGI | $139.9k | $12.83 |
| − OpEx | −$35.0k | −$3.21 |
| NOI | $104.9k | $9.62 |
10,908 SF · lease $15.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $104,921 @ 7.0% cap · market cap 3.75%
Second Best
Mixed Use
$1.40M
$1.22M – $1.63M
NOI $97,845 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,697 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 13211, NY
6,382
Population
2,624
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
1,387
Density / Sq Mi
$67,672
Median Household Income
$39,118
Median Earnings
$1,073
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Centrally located near the I-81 and I-90 interchange with redevelopment potential into multi-tenant or standalone buildings.
Where is this mixed-use property located?
The property is located at 2616 Brewerton Road Mattydale, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Redevelopment potential into a multi‑tenant building or several standalone buildings; Centrally located near the interchange of Interstates 81 and 90; Micron ChipFab Campus is 8.4 miles away
