Property profile

124 Ny-59 Airmont, NY 10901

OFF-MARKET
Warehouses
5,617 SF 0.54 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Total area 5,617 SF
Lot 0.54 ac (23,522 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

124 Ny-59 Airmont, NY 10901
Airmont metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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