Two-Story Office Building with
408 Kenwood Avenue Delmar, NY 12054
New
408 Kenwood Avenue, Delmar, NY, 12054
Contact for pricing
For Sale
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Two-story office building with an apartment and approximately 3,224 SF total size, offered for sale.
Property Size3,224 SF
Price / SF$186.10
Days on Market5
Property Features for 408 Kenwood Avenue
General Information
- Standard status
- Active
- Size
- 3,224 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1980
Listing agency
CBRE - Albany
(518) 727-0862
Listed by
Brooke Stack · License #10301223962
Source
Crexi
Added: Jul 17 Updated: Jul 21 at 4:34PM Checked: Jul 21 at 4:34PM
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 CBRE - Albany
Investment Insights
Based on property information with market context.
Offered for sale is a two-story office building with an apartment in Delmar’s Four Corners area. The property totals approximately 3,224 SF and is configured to combine office space with an on-site residential unit.
Located at 408 Kenwood Avenue in Delmar, the building is described as highly visible, supporting business-facing storefront and customer-facing presence.
This is a single property offering both workplace and apartment space within the same building footprint.
Located at 408 Kenwood Avenue in Delmar, the building is described as highly visible, supporting business-facing storefront and customer-facing presence.
This is a single property offering both workplace and apartment space within the same building footprint.
Key Highlights
- 3,224 SF two‑story office building for sale
- Includes an apartment
- Located in the heart of Delmar's Four Corners
Local 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 | $85.1k | $26.40 |
| − Vacancy | −$18.7k | −$5.81 |
| EGI | $66.4k | $20.59 |
| − OpEx | −$16.6k | −$5.15 |
| NOI | $49.8k | $15.44 |
3,224 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$711.3K
$622.4K – $829.9K
NOI $49,791 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$880.3K – $1.17M
NOI $70,422 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AAP Chapter 3
Medical Clinic
Ny State Ophthalmological ...
Ophthalmologist
NYS Society of Otolaryngology ...
Medical Clinic
FAQs
What type of property is this?
Office building - Two-story office building with an apartment and approximately 3,224 SF total size, offered for sale.
Where is this office building located?
The property is located at 408 Kenwood Avenue Delmar, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,224 SF two‑story office building for sale; Includes an apartment; Located in the heart of Delmar's Four Corners
