Two-Story Flex
New
For Sale
$1,599,900
31 Walnut St, New Windsor, NY 12553
Heating, central air conditioning, rear access, and a layout that can support office or warehouse use.
Property Size3,500 SF
Lot Size1.30 Acres
Price / SF$457.11
Days on Market5
Property Features for 31 Walnut St
General Information
Standard status
Active
Size
3,500 SF
Lot size
1.30 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
13 ft
Warehouse Space
3,500 SF
Office Build-Out
3,500 SF
Taxes and HOA fees
Annual Taxes
$22,104
Building Details
Building Size
3,500 SF
Year Built
1954
Stories
2
Listing Agency:
MK Realty Inc
(845) 782-0205
Listed By:
Abraham Lowy · License #NY-10401327281,NJ-2189562
(845) 782-0205
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 5 at 10:31AM
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 MK Realty Inc
Investment Insights
Based on property information with market context.
This 3,500-square-foot flex property is currently arranged as office space across two floors, with the owner willing to convert the layout to warehouse use. The building has heating, central air conditioning, and ceiling heights ranging from 11 to 13 feet. An additional 4,700 square feet is available within the building, providing further space for operations or storage.
The property occupies a 1.3-acre lot at 31 Walnut St in New Windsor, New York. Access includes a secondary road entrance at the rear, while the site is positioned just off Route 32. Parking is available on the property, and the building was constructed in 1954.
The property occupies a 1.3-acre lot at 31 Walnut St in New Windsor, New York. Access includes a secondary road entrance at the rear, while the site is positioned just off Route 32. Parking is available on the property, and the building was constructed in 1954.
Key Highlights
- 3,500 sq. ft. building currently configured as two‑floor office space
- Owner willing to convert the layout into warehouse space
- 11‑13 ft ceiling height with heating and central air conditioning
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 | $94.1k | $26.88 |
| − Vacancy | −$16.0k | −$4.57 |
| EGI | $78.1k | $22.31 |
| − OpEx | −$19.5k | −$5.58 |
| NOI | $58.6k | $16.73 |
3,500 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$836.6K
$732.1K – $976.1K
NOI $58,565 @ 7.0% cap · market cap 3.66%
Second Best
Flex RnD
$582.9K
$510.1K – $680.1K
NOI $40,804 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,979 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Truly Scrumptious Catering — 10 Quassaick Ave, New Windsor, NY 12553
Frequently Asked Questions
What type of property is this?
Flex space - Heating, central air conditioning, rear access, and a layout that can support office or warehouse use.
Where is this flex space located?
The property is located at 31 Walnut St New Windsor, NY.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: 3,500 sq. ft. building currently configured as two‑floor office space; Owner willing to convert the layout into warehouse space; 11‑13 ft ceiling height with heating and central air conditioning
