Three-Building Industrial
37 Old Albany Post Road Ossining, NY 10562
New
For Sale
$4,500,000
Three industrial buildings totaling 5 income-producing units, plus on-site parking with 16 spaces, on a 1.94-acre lot.
Property Size13,600 SF
Lot Size1.94 Acres
Price / SF$330.88
Days on Market7
Property Features for 37 Old Albany Post Road
General Information
- Standard status
- Active
- Size
- 13,600 SF
- Lot size
- 1.94 Acres
- Property subtype
- Industrial
Listing Agency:
Triforce Commercial RE LLC
(845) 323-9177
Listed By:
Jason Horowitz · License ##1433362
(845) 323-9177
Source:
Xome
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 25 at 11:51AM
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
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 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 | $261.1k | $19.20 |
| − Vacancy | −$15.9k | −$1.17 |
| EGI | $245.2k | $18.03 |
| − OpEx | −$36.8k | −$2.70 |
| NOI | $208.4k | $15.32 |
13,600 SF · lease $19.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.98M
$2.61M – $3.47M
NOI $208,413 @ 7.0% cap · market cap 4.63%
Second Best
Flex RnD
$2.93M
$2.57M – $3.42M
NOI $205,371 @ 7.0% cap · market cap 4.56%
Theoretical Best
Retail
$4.11M
$3.59M – $4.79M
NOI $287,565 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mr Cheapee Inc
General Contractor
Discount tire depot ...
Auto Repair Shop
Corvettes of Westchester
Auto Repair Shop
Powers Auto Care
Auto Repair Shop
Foremost Electric
Electrical Service
Similar Off Market Nearby
- THE DESSERTIST — 4 Croton Point Ave, Croton-On-Hudson, NY 10520
FAQs
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 $4,500,000.
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
