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Property profile

1240 Ny-52 Carmel Hamlet, NY 10512

OFF-MARKET
Warehouses
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5,240 SF 13.73 ac lot

Property summary

AI-generated overview

This exceptional 13.73-acre industrial property in Carmel Hamlet, NY, presents a unique owner-user opportunity. The site boasts a 5,240-square-foot existing industrial steel building, currently utilized as a concrete pre-cast and steel business, offering immediate occupancy or redevelopment potential. Located at 1240 NY-52, with APN 12.-1-48, the property features two dock-high doors and is ideally situated less than one mile from I-84, providing convenient access to major transportation routes. The expansive lot size allows for significant expansion or complete redevelopment, making it suitable for a variety of industrial uses, including larger warehouse or distribution facilities. The asking price is $3,500,000, translating to $667.94 per square foot. The property's zoning allows for flexibility in its future use, and there's a possibility of acquiring the existing business alongside the real estate. This prime location and versatile property offer substantial potential for growth and return on investment. The property is zoned for industrial use and offers proximity to mass transit options. This is an excellent opportunity for an owner-occupier seeking a strategic location with expansion capabilities. The existing building provides immediate functionality, while the ample land offers significant long-term development potential.

Property profile

Verified
Property type Warehouses
Total area 5,240 SF
Lot 13.73 ac (598,079 SF)

Cap rate & NOI

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

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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