Industrial Flex
691 Saw Mill River Rd. Yonkers, NY 10710
New
691 Saw Mill River Rd., Yonkers, NY, 10710
Contact for pricing
For Sale
Contact for pricing
Newly renovated flex warehouse offering approximately 21' ceiling heights and quick access to I-87.
Property Size6,000 SF
Price / SF$308.33
Days on Market7
Property Features for 691 Saw Mill River Rd.
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office, Industrial
Listing agency
New York Commercial Realty Group
Listed by
Michael Rao · License #NY 49RA1156551
Source
Crexi
Added: Jul 16 Updated: Jul 21 at 8:59PM Checked: Jul 21 at 8:59PM
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 New York Commercial Realty Group
Investment Insights
Based on property information with market context.
This industrial flex warehouse offers approximately 6,000 square feet of space and is newly renovated with recent property upgrades. The warehouse features approximately 21' ceiling heights, supporting a range of light industrial and distribution-style uses.
The property is located at 691 Saw Mill River Rd. in Yonkers, NY, and is less than one mile to I-87, providing convenient highway access.
For sale, this renovated flex warehouse is positioned for tenants and buyers seeking a warehouse facility with meaningful height and modernized building improvements.
The property is located at 691 Saw Mill River Rd. in Yonkers, NY, and is less than one mile to I-87, providing convenient highway access.
For sale, this renovated flex warehouse is positioned for tenants and buyers seeking a warehouse facility with meaningful height and modernized building improvements.
Key Highlights
- +/- 21' ceiling heights in the warehouse
- Newly renovated with recent property upgrades
- ±6,000 SF industrial flex warehouse
Local Financial Insights For Flex RnD
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 | $158.4k | $26.40 |
| − Vacancy | −$11.9k | −$1.98 |
| EGI | $146.5k | $24.42 |
| − OpEx | −$51.3k | −$8.55 |
| NOI | $95.2k | $15.87 |
6,000 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,238 @ 7.0% cap · market cap 5.15%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,870 @ 7.0% cap · market cap 4.59%
Theoretical Best
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $145,186 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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- NY's Finest Catering — 359 sprain rd, yonkers, ny 10710
- Royal Regency Hotel — 165 Tuckahoe Rd, Yonkers, NY 10710
FAQs
What type of property is this?
Flex space - Newly renovated flex warehouse offering approximately 21' ceiling heights and quick access to I-87.
Where is this flex space located?
The property is located at 691 Saw Mill River Rd. Yonkers, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: +/- 21' ceiling heights in the warehouse; Newly renovated with recent property upgrades; ±6,000 SF industrial flex warehouse
