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    31 W Broad St Haverstraw, NY 10927

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    For Lease
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    Premier office space in downtown Haverstraw with flexible layouts.

    Property Features for 31 W Broad St

    General Information

    Standard status
    Active

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    Listing Contact
    Paul Adler, Esq., Sior
    Paul Adler, Esq., Sior
    Source: Crexi

    Listing Agency: Rand Commerical Listing Agent: Paul Adler, Esq., Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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    Overview

    Architecturally Striking Stone Office Building

    The Stone Building, located at 31-37 West Broad Street in Haverstraw, New York, offers premier office space within an architecturally distinguished landmark. The building combines historic architectural character with flexible modern office layouts in the heart of downtown. Available space includes approximately 9,400 square feet on the first floor and approximately 9,400 square feet on the second floor. The landlord will consider subdivision of the available space. The third floor is fully occupied by Sun River Health Haverstraw. Lease terms include an asking rent of $25.00 per square foot, with the tenant responsible for utilities, and a term of 5+ years. Property highlights include an architecturally striking stone façade, flexible floor plates suitable for medical, nonprofit, or office users, and a prominent downtown location with excellent visibility. The property is walkable to municipal offices, retail, dining, and services, and offers convenient access to regional roadways and the Hudson River waterfront. Ideal uses include medical, professional services, nonprofit organizations, educational and workforce training, and corporate offices. The property benefits from a strong community presence, proximity to government services, and access to local businesses and transportation corridors serving Rockland County and the Hudson Valley.
    Location Intelligence

    Current Use by Public Records

    Dr. Madeline Cruz Physician Julien-Banica Jehanne DO Physician Bashar Jubran Physician Cecilia Villafuerte Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Haverstraw
    County
    Rockland
    State
    New York
    Longitude
    -73.9661561
    Latitude
    41.1970993

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    FAQs

    What type of property is this?
    Office building - Premier office space in downtown Haverstraw with flexible layouts.
    Where is this office building located?
    The property is located at 31 W Broad St Haverstraw, NY.
    What are key features of this property?
    This property features: - Architecturally striking stone façade and professional presence in a landmark building.; - Prominent downtown location with excellent visibility and walkability to amenities.; - Flexible floor plates suitable for medical, nonprofit, or office users; divisible space available.
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    31 W Broad St Haverstraw, NY 10927
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31 W Broad St Haverstraw, NY 10927
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    We can help!
    Listing Contact
    Paul Adler, Esq., Sior
    Paul Adler, Esq., Sior
    Real Estate License ID: NEWYORK10301202095
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