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    1037 Route 22 Brewster, NY 10509
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    Property profile & analytics

    1037 Route 22 Brewster, NY 10509

    View on Map
    • Investment properties
    • 22,164 SF
    • 4.33 lot acres
    For Sale
    $1,550,000
    View Listing →
    Brewster Retail/Office/Medical Opportunity For Sale
    $1,550,000
    21,446 SF

    Brewster Retail/Office/Medical Opportunity

    21,446 SF building on 4.33 acres, Route 22, Brewster.

    1037 Route 22, Brewster, NY 10509
    View Listing
    Property ID
    US63-3167879
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1037 Route 22

    Year built
    1970
    Lot size
    4.33 lot acres
    Property size
    22,164 SF
    Zone code
    SR 6
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    373089 68.5-2-19
    APU
    373089685219

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,101,000
      Market price range: $2.27M - $6.88M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Putnam
    State
    New York
    Longitude
    -73.5961
    Latitude
    41.3969
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $660,200
    $1,639,240
    $2,299,440
    -
    $660,200
    $1,639,240
    $2,299,440

    Comparable in this City

    • Value Estimation
      $925,000
      4,704 SF

      1995 Rte 22

      OFFICE/RESIDENTIAL (MIXED USE) • 4,704 SF
      1995 Rte 22, Brewster, NY 10509-3626
      View Details
    • Value Estimation by Request
      1,654 SF

      120 Flds Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 1,654 SF
      120 Flds Ln, Brewster, NY 10509-3535
      View Details
    • Value Estimation by Request
      5,946 SF

      450 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,946 SF
      450 Main St, Brewster, NY 10509-1246
      View Details
    • Value Estimation
      $850,000
      4,172 SF

      4 Putnam Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,172 SF
      4 Putnam Ave, Brewster, NY 10509-1152
      View Details
    • Value Estimation
      $820,000
      2,680 SF

      53-55 Sodom Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,680 SF
      53-55 Sodom Rd, Brewster, NY 10509
      View Details
    • Value Estimation by Request
      1,260 SF

      63 Cobb Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,260 SF
      63 Cobb Rd, Brewster, NY 10509-4608
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3,896 SF

      Brewster Mixed-Use Commercial Property

      Prime Location, High-Income Potential
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    • $14,900,000

      Putnam County Legacy Property

      320+ acre property with lake, structures, and modern utilities.
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      14 Acre Parcel Along I-84

      14 acre commercial land parcel with I-84 frontage.
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    • 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

      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
      View Details

    Similar Nearby for Lease

    • $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
    • $1,800 /Mo

      Corner Office Space on Main

      Three-office suite in professional building near transportation.
      155 Main St, Brewster, NY 10509
      View Details
    • $1,400 /Mo

      Retail Space Near Brewster Station

      Commuter-oriented retail space ideal for coffee shop near train station.
      4 Main St, Brewster, NY 10509
      View Details
    • $500 /Mo
      40,119 SF

      Professional Office Space For Rent

      Single office in a professional building, convenient location.
      155 Main St, Brewster, NY 10509
      View Details
    View Listing
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    1037 Route 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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