Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Ny-59 Airmont, NY 10901
    Back to Search
    Property profile & analytics

    124 Ny-59 Airmont, NY 10901

    View on Map
    • Warehouses
    • 5,617 SF
    • 0.54 lot acres
    For Sale
    View Listing →
    Route 59 Industrial Development Site For Sale
    Contact for pricing
    5,617 SF

    Route 59 Industrial Development Site

    Prime Airmont Warehouse, 5,617 SF

    124 Ny-59, Airmont, NY 10901
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 124 Ny-59

    Lot size
    0.54 lot acres
    Property size
    5,617 SF
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 0.54-acre commercial property, located at 124 Route 59 in Airmont, New York (zip code 10901), presents a unique development opportunity. The site boasts a total of 5,617 square feet of space, ideally suited for warehouse or storage purposes. The existing structure is comprised of two warehouse units: Warehouse A, measuring 2,765 square feet, and Warehouse B, encompassing 2,852 square feet. In addition, there is 400 square feet of office space included within the existing buildings. This property benefits from its strategic location on Route 59, providing convenient access to major transportation arteries, including the New York State Thruway. The site is situated within a densely populated market, offering significant potential for a variety of commercial uses. The property is classified as Industrial and Land, making it an attractive investment for developers seeking a prime location in Rockland County, New York. The absence of a cap rate indicates the potential for significant return on investment through development or lease. This is a rare opportunity to acquire a well-positioned commercial property in a thriving market. The property's size and location make it an ideal candidate for expansion or redevelopment, catering to the needs of businesses seeking efficient warehouse and office space in a highly accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Airmont
    County
    Rockland
    State
    New York
    Longitude
    -74.1235
    Latitude
    41.113

    Comparable in this City

    • Value Estimation by Request
      188,500 SF

      30 Dunnigan Dr

      Distribution properties • 188,500 SF
      30 Dunnigan Dr, Montebello, NY 10901
      View Details
    • Value Estimation
      $1,055,000
      9,664 SF

      23 Washington Ave

      DISTRIBUTION WAREHOUSE • 9,664 SF
      23 Washington Ave, Suffern, NY 10901-4623
      View Details
    • Value Estimation
      $830,000
      8,700 SF

      47 Chestnut St

      WAREHOUSE, STORAGE • 8,700 SF
      47 Chestnut St, Suffern, NY 10901-5801
      View Details
    • Value Estimation by Request
      4,000 SF

      391 Spook Rock Rd

      WAREHOUSE, STORAGE • 4,000 SF
      391 Spook Rock Rd, Airmont, NY 10901-5319
      View Details
    • Value Estimation by Request
      3,000 SF

      331 Spook Rock Rd

      WAREHOUSE, STORAGE • 3,000 SF
      331 Spook Rock Rd, Airmont, NY 10901-5319
      View Details
    • Value Estimation by Request
      3,000 SF

      395 Spook Rock Rd

      WAREHOUSE, STORAGE • 3,000 SF
      395 Spook Rock Rd, Airmont, NY 10901-5319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.54 Acres

      Route 59 Industrial Development Site

      Prime Airmont Warehouse, 5,617 SF
      124 Ny-59, Airmont, NY 10901
      View Details
    • $1,750,000

      Warehouses with Residential Apartments

      Two warehouses, offices, and apartments in excellent condition.
      40 Wayne Ave, Suffern, NY 10901
      View Details
    • $4,699,000

      20,000+ SF Warehouse Opportunity

      Warehouse in strategic location near major highways and NY/NJ border.
      3 Chestnut St, Suffern, NY 10901
      View Details
    • $1,100,000

      Flex Space in Spook Rock

      3,000+ SF flex space in Spook Rock Industrial Park.
      415 Spook Rock Rd, Airmont, NY 10901
      View Details
    • $4,449,000

      20,000+ SF Warehouse Opportunity

      Warehouse in strategic location near major highways and NY/NJ border.
      3 Chestnut St, Suffern, NY 10901
      View Details
    • $299,000
      Pending

      Approved Development Land in Suffern

      0.23-acre parcel with approved plans for 4,000 sqft development.
      4A Haskell Ave, Suffern, NY 10901
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo

      Industrial Space in Spook Rock

      3,600 SF end unit in premier industrial park.
      351 Spook Rock Rd, Suffern, NY 10901
      View Details
    • $7,500 /Mo

      Warehouse Unit in Spook Rock

      3,600 SF warehouse unit with 18' ceilings and drive-in.
      345 Spook Rock Rd, Suffern, NY 10901
      View Details
    • Sponsored
      Contact for pricing

      Suffern

      Discover many ways to work your way in Sentry Parkway
      400 Rella Blvd, Montebello, NY 10901
      View Details
    • Contact for pricing

      Conveniently Located Office Space Available

      Office space near Hudson River with videoconferencing and meeting rooms.
      400 Rella Blvd, Suffern, NY 10901
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Move-in ready office space in Chestnut Ridge, NY.
      1 Alpine Ct, Chestnut Ridge, NY 10901
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 Ny-59
    Airmont, NY 10901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    124 Ny-59, Airmont, NY, 10901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!