Building Details

Year Built 1988

Year Renovated 2010

Listing Agency: Coldwell Banker Commercial

Listed By: Barry Synnott · License #NY Show Phone

Source: Crexi

Added: Mar 30 Changed: Oct 25 Last Checked: Oct 28 at 8:05AM

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Investment Insights

Based on property information with market context.

This industrial/manufacturing building totals 7,068 SF and was built in 1988. The property was renovated in 2010 and is described as well maintained, with modern functionality intended to support production and warehousing needs.

The asset is positioned on M-1 zoning, which is typically used to accommodate a range of industrial and manufacturing operations. The property is located in the Croton-on-Hudson area at 44 Crugers Station Rd.

For buyers evaluating industrial investment or operational space, the building’s size and renovation history are the key takeaways, supported by its M-1 zoning designation for industrial use.

Key Highlights

• 7,068 SF industrial/manufacturing building
• Built in 1988 and renovated in 2010
• M‑1 zoning for industrial and manufacturing use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,313

Cap Rate

4.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,166,260 $2.2M

Cap Rate 7%

$1,547,329 $1.5M

Cap Rate 9%

$1,203,478 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,068 SF

Gross rent

$135.7K $19.20/SF

− Vacancy

−$8.3K −$1.17/SF

EGI

$127.4K $18.03/SF

− OpEx

−$19.1K −$2.70/SF

NOI

$108.3K $15.32/SF

Area

Westchester County, NY

Vacancy

6.10%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,166,260

Cap Rate 7%

$1,547,329

Cap Rate 9%

$1,203,478

Alternative Uses

Best Use

Warehouse

$1.55M

$1.35M – $1.81M (±1% cap)

NOI $108,313 @ 7.0% cap · market cap 4.42%

Second Best

Industrial

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,349 @ 7.0% cap · market cap 4.10%

Theoretical Best

Retail

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,449 @ 7.0% cap · market cap 6.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Kraemer Building Corp. Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Big Box & Wholesale Store Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

235

Businesses Nearby

Explore this area Business Placement

Demographics for 10520, NY

13,226

Population

5,425

Households

2.4

Avg Household Size

48

Median Age

63%

College-Educated

95%

High-School Grad

14.4 sq mi

ZIP Area

918

Density / Sq Mi

$140,018

Median Household Income

$78,848

Median Earnings

$1,938

Median Rent

$669,900

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - Renovated 7,068 SF industrial/manufacturing building on M-1 zoning, built in 1988.

Where is this manufacturing property located?

The property is located at 44 Crugers Station Rd Croton on Hudson, NY.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: 7,068 SF industrial/manufacturing building; Built in 1988 and renovated in 2010; M‑1 zoning for industrial and manufacturing use