Warehouse with Two Points of
3 Chestnut St Suffern, NY 10901
For Sale
Contact for pricing
Multi-section warehouse offers varied ceiling heights and approximately 2,500 sq. ft. of office space on the second floor.
Property Size20,038 SF
Price / SF$222.03
Days on Market95
Property Features for 3 Chestnut St
General Information
- Standard status
- Active
- Size
- 20,038 SF
- Property subtype
- Industrial
Listing Agency:
Blu Wave Ventures
(201) 380-1700
Listed By:
Joseph Kohn · License #10401377562
Source:
Crexi
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 24 at 10:30AM
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 multi-section warehouse property features first-floor ceiling heights of approximately 10 to 15 feet and second-floor ceiling heights ranging from approximately 8.5 to 13 feet. An estimated 2,500 square feet of office space is located on the second floor, with the remainder configured for warehouse use.
The property is situated for convenient regional access, described as close to major highways and minutes from NJ-17 and NY I-87 at the NY/NJ border. Two points of access are noted: Chestnut Street and Wayne Ave.
The building’s layout across multiple sections supports flexible use within the warehouse footprint, with office space already incorporated on the second level.
The property is situated for convenient regional access, described as close to major highways and minutes from NJ-17 and NY I-87 at the NY/NJ border. Two points of access are noted: Chestnut Street and Wayne Ave.
The building’s layout across multiple sections supports flexible use within the warehouse footprint, with office space already incorporated on the second level.
Key Highlights
- 20,000+ sq. ft. multi‑section warehouse with varied ceiling heights
- First‑floor ceiling heights approximate 10–15 ft across different sections
- Second‑floor ceiling heights approximate 8.5–13 ft
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 | $190.0k | $9.48 |
| − Vacancy | −$9.9k | −$0.49 |
| EGI | $180.1k | $8.99 |
| − OpEx | −$27.0k | −$1.35 |
| NOI | $153.1k | $7.64 |
20,038 SF · lease $9.48/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$8.16M
$7.14M – $9.52M
NOI $571,459 @ 7.0% cap · market cap 12.84%
Second Best
Warehouse
$2.19M
$1.91M – $2.55M
NOI $153,070 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$13.25M
$11.59M – $15.46M
NOI $927,409 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Richery Deals inc
Big Box & Wholesale Store
Mio Marino
(Bike/Boat/Book/etc) Store
Uppercut
Department Store
FAQs
What type of property is this?
Warehouse - Multi-section warehouse offers varied ceiling heights and approximately 2,500 sq. ft. of office space on the second floor.
Where is this warehouse located?
The property is located at 3 Chestnut St Suffern, NY.
What is the asking price?
The asking price for this property is $4,449,000.
What are key features of this property?
This property features: 20,000+ sq. ft. multi‑section warehouse with varied ceiling heights; First‑floor ceiling heights approximate 10–15 ft across different sections; Second‑floor ceiling heights approximate 8.5–13 ft
