Leased Industrial Portfolio Near
95 Bill Larkin Drive New Windsor, NY 12553
95 Bill Larkin Drive, New Windsor, NY, 12553
$2,499,000
For Sale
$2,499,000
Fully leased investment portfolio near Stewart International Airport.
Property Size4,200 SF
Lot Size3.40 Acres
Price / SF$595
Days on Market153
Property Features for 95 Bill Larkin Drive
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 3.40 Acres
- Property subtype
- Commercial
Listing agency
EREALTY ADVISORS, INC
(914) 712-6330
Listed by
YISROEL KATZ
Source
Corcoran
Added: Feb 18 Updated: Jul 10 at 12:54PM Checked: Jul 21 at 4:54AM
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 EREALTY ADVISORS, INC
Investment Insights
Based on property information with market context.
This fully leased investment portfolio is situated in a prime industrial location, offering convenient access to major highways and key commercial corridors. The property is located near Stewart International Airport and an Amazon distribution facility. It comprises four buildings, including office, warehouse, and flex spaces. The buildings include: a 4,200 square foot building at 95 Bill Larkin Drive, a 1,300 square foot building at 85 Bill Larkin Drive, a 1,950 square foot building at 75 Larkin Drive, and a 3,000 square foot office/flex building at 332 Avenue of Americas. The property is 100% leased, providing strong income stability within a highly desirable industrial hub.
Key Highlights
- Fully leased investment
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 | $112.9k | $26.88 |
| − Vacancy | −$19.2k | −$4.57 |
| EGI | $93.7k | $22.31 |
| − OpEx | −$23.4k | −$5.58 |
| NOI | $70.3k | $16.73 |
4,200 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$878.5K – $1.17M
NOI $70,278 @ 7.0% cap · market cap 2.81%
Second Best
Flex RnD
$699.5K
$612.1K – $816.1K
NOI $48,964 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,574 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully leased investment portfolio near Stewart International Airport.
Where is this flex space located?
The property is located at 95 Bill Larkin Drive New Windsor, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Fully leased investment
