Wappingers Falls Investment
7-13 Delavergne Ave, Wappingers Falls, NY 12590
For Sale
Contact for pricing
Mixed-use investment property featuring apartments, garages, and an office.
Property Size10,858 SF
Price / SF$119.27
Days on Market271
Property Features for 7-13 Delavergne Ave
General Information
Standard status
Size
Property subtype
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: Feb 17
Changed: Nov 13
Last Checked: Nov 12 at 8:20AM
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 CR Properties Group 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.
This investment property, located at 7-13 Delavergne Avenue in Wappingers Falls, New York, comprises four buildings. The property includes apartments, garages, and an office space. The space features overhead bay doors and on-site parking.
Key Highlights
- Investment property opportunity.
- Four buildings included (apartments, garages, and office).
- Located at 7‑13 Delavergne Avenue, Wappingers Falls, NY 12590.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,544
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,880
$1.6M
Cap Rate 7%
$1,164,914
$1.2M
Cap Rate 9%
$906,044
$906.0K
Market Conditions
NOI Build-Up for 10,858 SF
Gross rent
$102.9K $9.48/SF
− Vacancy
−$7.0K −$0.64/SF
EGI
$95.9K $8.84/SF
− OpEx
−$14.4K −$1.33/SF
NOI
$81.5K $7.51/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,880
Cap Rate 7%
$1,164,914
Cap Rate 9%
$906,044
Alternative Uses
Best Use
Apartment 5plus
$2.66M
$2.33M – $3.11M
NOI $186,538 @ 7.0% cap · market cap 14.40%
Second Best
Office B
$2.48M
$2.17M – $2.90M
NOI $173,789 @ 7.0% cap · market cap 13.42%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,791 @ 7.0% cap · market cap 17.67%
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
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Dutchess County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use investment property featuring apartments, garages, and an office.
Where is this mixed-use property located?
The property is located at 7-13 Delavergne Ave Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Investment property opportunity.; Four buildings included (apartments, garages, and office).; Located at 7‑13 Delavergne Avenue, Wappingers Falls, NY 12590.
