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    2096 Ny-22 Brewster, NY 10509

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    2096 Ny-22 Brewster, NY 10509

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    • Land
    • 8.71 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2096 Ny-22

    Lot size
    8.71 lot acres
    Property type
    Land

    Description

    This exceptional 8.71-acre commercial land parcel in Brewster, NY, is ideally situated just off NY Route 22, offering over 300 feet of high-visibility frontage. Located conveniently 8 miles north of the I-84 and 684 intersection, this property boasts C-1 zoning, permitting a wide range of uses including restaurants, health clubs, sports facilities, greenhouses, retail, and business offices. Preliminary drawings exist for a 100,000 square foot warehouse, a permitted use under the current zoning. While previous plans for a cannabis cultivation center were explored, the owner is now accepting offers for sale with a "subject to" contingency. Alternatively, the owner is open to a "build-to-suit" arrangement, constructing a fully turnkey building to a tenant's specifications. Note that outside storage is not permitted under the current zoning. The asking price for this exceptional opportunity is $3,000,000. The property consists of two adjoining level parcels in Putnam County, NY, with the zip code 10509.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Putnam
    State
    New York
    Longitude
    -73.5768
    Latitude
    41.4537

    Comparable in this City

    • Value Estimation by Request
      3.68 Acres

      3903 Danbury Rd

      Retail properties & Spaces • 20,000 SF
      3903 Danbury Rd, Brewster, NY 10509
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    • Value Estimation by Request
      320.00 Acres

      111 Ballyhack Rd

      Specialty properties • 320.00 Acres
      111 Ballyhack Rd, Brewster, NY 10509
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    • Value Estimation by Request
      28.00 Acres

      4- Independent Way

      Land • 28.00 Acres
      4- Independent Way, Brewster, NY 10509
      View Details
    • Value Estimation by Request
      48.00 Acres

      361 Foggintown Rd

      Land • 48.00 Acres
      361 Foggintown Rd, Brewster, NY 10509
      View Details
    • Value Estimation by Request
      3.35 Acres

      36 Sylvia Barlow Way

      Farms • 3.35 Acres
      36 Sylvia Barlow Way, Brewster, NY 10509
      View Details
    • Value Estimation
      $7,590,000
      90,000 SF

      16-18 Flds Ln

      COMMERCIAL (GENERAL) • 90,000 SF
      16-18 Flds Ln, Brewster, NY 10509
      View Details

    Similar Nearby for Sale

    • $179,999

      Two Acre Level Property

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      48 Acres of Land

      48 acres of land available for sale.
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      Putnam County Legacy Property

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      Land For Sale Brewster

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      Patterson Warehouse/Office Space Opportunity

      8.71 acres for warehouse/office space, 8 miles from I-84/I-684.
      2096 Ny-22, Brewster, NY 10509
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    Similar Nearby for Lease

    • $90,000
      436,907 SF

      Brewster Commercial Land For Lease

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    • $18 SF/Yr

      Professional Office Space For Rent

      2,500 Sqft office space with private offices and conference room.
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    2096 Ny-22
    Brewster, NY 10509
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    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
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