Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4- Independent Way Brewster, NY 10509
    Back to Search
    Property profile & analytics

    4- Independent Way Brewster, NY 10509

    View on Map
    • Land
    • 28.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4- Independent Way

    Lot size
    28.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 28-acre industrial land parcel in Brewster, NY, presents a unique opportunity for development. Zoned ED, it's ideally suited for a high-bay warehouse with a cross-dock design, featuring a proposed 12 loading docks (6 on each side). The property boasts ample parking with approximately 37 spaces. Utilities include a well, septic system, NYSEG electric, and private propane gas. Annual property taxes are estimated at $60,000, with common area maintenance and insurance projected at approximately $1.50 per square foot. This location offers excellent access to major transportation arteries, including Route 312, I-84, and I-684, and enjoys proximity to the Southeast Train Station parking lot. Its strategic location makes it perfect for distribution centers, contractors, moving companies, and storage facilities. The site's size and zoning regulations provide significant flexibility for various industrial uses. This is a rare opportunity to acquire a substantial industrial land parcel in a highly desirable location with excellent infrastructure and accessibility. Don't miss this chance to secure a prime piece of industrial real estate in Putnam County.

    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
    -73.6244
    Latitude
    41.4164

    Comparable in this City

    • Value Estimation by Request
      8.71 Acres

      2096 Ny-22

      Land • 8.71 Acres
      2096 Ny-22, Brewster, NY 10509
      View Details
    • Value Estimation by Request
      3.68 Acres

      3903 Danbury Rd

      Retail properties & Spaces • 20,000 SF
      3903 Danbury Rd, Brewster, NY 10509
      View Details
    • Value Estimation by Request
      921,100 SF

      312 And Pugsley Rd

      Distribution properties • 921,100 SF
      312 And Pugsley Rd, Carmel Hamlet, 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
      320.00 Acres

      111 Ballyhack Rd

      Specialty properties • 320.00 Acres
      111 Ballyhack 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

    Similar Nearby for Sale

    • $179,999

      Two Acre Level Property

      Two acre level property approved by the Board of Health.
      252 Milltown Rd, Brewster, NY 10509
      View Details
    • Contact for pricing

      Land For Sale Brewster

      Land available for sale in Brewster, New York.
      Rte 312 & Pugsley Rd Southeast, Brewster, NY 10509
      View Details
    • $3,000,000

      Patterson Land For Sale

      Land available for sale in Patterson, New York.
      2096 Route 22, Patterson, NY 10509
      View Details
    • Contact for pricing

      Brewster Land Parcels For Sale

      Multiple land parcels available off I-684 and Route 22.
      1021 Ny-22, Brewster, NY 10509
      View Details
    • Contact for pricing

      Land Parcels Near I-684

      Multiple land parcels available off I-684 and Route 22.
      1031 Ny-22, Brewster, NY 10509
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      446,490 SF

      Brewster Commercial Building For Rent

      Freestanding commercial building with office and workshop space for rent.
      2022 Route 22, Brewster, NY 10509
      View Details
    • $90,000
      436,907 SF

      Brewster Commercial Land For Lease

      10+ acres of commercial land near I-84 in Brewster, NY.
      100 10 Acre Ln, Brewster, NY 10509
      View Details
    • $18 SF/Yr

      Professional Office Space For Rent

      2,500 Sqft office space with private offices and conference room.
      7 Sutton Pl #Lower, Brewster, NY 10509
      View Details
    • $550 /Mo

      Office Unit on Main Street

      Office unit with great visibility, close to transportation.
      155 Main St, Brewster, NY 10509
      View Details
    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.
    4- Independent Way
    Brewster, NY 10509
    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
    4- Independent Way, Brewster, NY, 10509
    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!