Three-Building Industrial
For Sale
$4,350,000
37 Old Albany Post Road, Ossining, NY 10562
Three industrial buildings totaling 5 income-producing units, plus on-site parking with 16 spaces, on a 1.94-acre lot.
Property Size11,600 SF
Lot Size1.94 Acres
Price / SF$375
Days on Market93
Property Features for 37 Old Albany Post Road
General Information
Standard status
Active
Size
11,600 SF
Total Parking Spaces
16
Lot size
1.94 Acres
Property subtype
Industrial
Building Details
Building Size
11,600 SF
Listing Agency:
Triforce Commercial RE LLC
Listed By:
Jason Horowitz · License #NY #10491207540
(845) 323-9177
Source:
Triforcecre
Added: Jul 24
Changed: Oct 4
Last Checked: Oct 23 at 5:09AM
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 Triforce Commercial RE LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 37 Old Albany Post Road includes three industrial buildings on a 1.9416-acre lot, totaling approximately 11,600 square feet of building space. The buildings are currently arranged into five income-producing units, creating multiple revenue streams within the existing configuration. Additional income is generated from on-site parking, including a separate parking area with 16 spaces.
Current combined monthly building and parking income is approximately $30,455, for estimated annual income of approximately $365,460. Operating expenses are estimated at approximately $61,109 annually, resulting in projected net operating income of approximately $304,351. The property also includes scheduled rent increases.
This offering is positioned for investors seeking a multi-building industrial asset with existing unit income and parking revenue.
Current combined monthly building and parking income is approximately $30,455, for estimated annual income of approximately $365,460. Operating expenses are estimated at approximately $61,109 annually, resulting in projected net operating income of approximately $304,351. The property also includes scheduled rent increases.
This offering is positioned for investors seeking a multi-building industrial asset with existing unit income and parking revenue.
Key Highlights
- Three industrial buildings totaling approx. 11,600 SF on a 1.9416‑acre lot in Ossining, NY
- Property is configured with 5 income‑producing units across the three buildings
- On‑site parking includes a separate parking area with 16 spaces, adding to rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,169
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,503,380
$3.5M
Cap Rate 7%
$2,502,414
$2.5M
Cap Rate 9%
$1,946,322
$1.9M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$306.2K $26.40/SF
− Vacancy
−$36.7K −$3.17/SF
EGI
$269.5K $23.23/SF
− OpEx
−$94.3K −$8.13/SF
NOI
$175.2K $15.10/SF
Area
Westchester County, NY
Vacancy
12.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,503,380
Cap Rate 7%
$2,502,414
Cap Rate 9%
$1,946,322
Alternative Uses
Best Use
Flex RnD
$2.50M
$2.19M – $2.92M
NOI $175,169 @ 7.0% cap · market cap 4.03%
Second Best
Industrial
$2.35M
$2.06M – $2.74M
NOI $164,693 @ 7.0% cap · market cap 3.79%
Theoretical Best
Retail
$3.50M
$3.07M – $4.09M
NOI $245,276 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10562, NY
34,252
Population
12,745
Households
2.7
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
2,537
Density / Sq Mi
$113,069
Median Household Income
$53,499
Median Earnings
$2,118
Median Rent
$486,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- THE DESSERTIST — 4 Croton Point Ave, Croton-On-Hudson, NY 10520
Frequently Asked Questions
What type of property is this?
Flex space - Three industrial buildings totaling 5 income-producing units, plus on-site parking with 16 spaces, on a 1.94-acre lot.
Where is this flex space located?
The property is located at 37 Old Albany Post Road Ossining, NY.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Three industrial buildings totaling approx. 11,600 SF on a 1.9416‑acre lot in Ossining, NY; Property is configured with 5 income‑producing units across the three buildings; On‑site parking includes a separate parking area with 16 spaces, adding to rental income
