120 Commerce Dr, Carmel, NY 10512
For Lease
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This exceptional 60,000-square-foot industrial building, situated at 120 Commerce Drive in Carmel Hamlet, Putnam County, New York, offers a prime location with unparalleled access to major transportation arteries. The property, classified as Class B, features a 55,000-square-foot main building complemented by a 5,000-square-foot mezzanine, providing ample space for manufacturing, warehousing, or distribution operations. Its versatile design caters to a variety of industrial uses. Enjoy excellent visibility from Interstate 84. Strategic proximity to key transportation routes enhances logistical efficiency: a mere 10 minutes from I-684 (Exit 68), 9 minutes from NY State Route 22, and 13 minutes from the New York/Connecticut border. Commuting options include convenient access to Metro-North (1 hour, 50 minutes to Grand Central Terminal) and Amtrak in Poughkeepsie (1 hour, 35 minutes to Penn Station). The property is also well-positioned for regional and national distribution, with New York City (67 miles, 1 hour 25 minutes), Albany (103 miles, 1 hour 43 minutes), and Boston (174 miles, 2 hours 45 minutes) within reasonable driving distances. The building is available for sale or lease. The property is located in the 10512 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I · Carmel, NYCarmel. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.