20,000+ SF Warehouse
3 Chestnut Street Suffern, NY 10901
3 Chestnut Street, Suffern, NY, 10901
$3,799,000
For Sale
$3,799,000
Warehouse in strategic location near major highways and NY/NJ border.
Property Size20,000 SF
Price / SF$189.95
Days on Market96
Property Features for 3 Chestnut Street
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Commercial
Listing Agency
BLU WAVE VENTURES
(201) 380-1700
Listed by
JOSEPH KOHN
Source
Corcoran
Added: Apr 14 Checked: Jul 17 at 4:50 am
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 BLU WAVE VENTURES
Investment Insights
Based on property information with market context.
This property features over 20,000 square feet of warehouse space in a strategic location near the New York/New Jersey border, with convenient access to major highways including NJ-17 and NY I-87. The building is accessible from both Chestnut Street and Wayne Avenue. The first floor features ceiling heights ranging from approximately 10 to 15 feet, while the second floor offers ceiling heights of approximately 8.5 to 13 feet. The property includes approximately 2,500 square feet of office space on the second floor. The property is currently generating 100% cash flow, presenting an opportunity for either continued investment or partial owner-occupancy.
Key Highlights
- Over 20,000 sq. ft. warehouse space.
- Strategic location near NJ‑17 and NY I‑87.
- Two points of access: Chestnut Street and Wayne Ave.
Local 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 | $189.6k | $9.48 |
| − Vacancy | −$9.9k | −$0.49 |
| EGI | $179.7k | $8.99 |
| − OpEx | −$27.0k | −$1.35 |
| NOI | $152.8k | $7.64 |
20,000 SF · lease $9.48/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$8.15M
$7.13M – $9.51M
NOI $570,375 @ 7.0% cap · market cap 15.01%
Second Best
Warehouse
$2.18M
$1.91M – $2.55M
NOI $152,780 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$13.22M
$11.57M – $15.43M
NOI $925,650 @ 7.0% cap · market cap 24.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Richery Deals inc
Big Box & Wholesale Store
Mio Marino
(Bike/Boat/Book/etc) Store
Uppercut
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Warehouse in strategic location near major highways and NY/NJ border.
Where is this warehouse located?
The property is located at 3 Chestnut Street Suffern, NY.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Over 20,000 sq. ft. warehouse space.; Strategic location near NJ‑17 and NY I‑87.; Two points of access: Chestnut Street and Wayne Ave.
