120 Nichols Rd Brewster, NY 10509-4826
Property profile & analytics
120 Nichols Rd Brewster, NY 10509-4826
- Warehouses
- 8,000 SF
- 15.74 lot acres
Property ID
US63-3115429
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.
Location Intelligence
Current Use by Public Records
- Performance Feeding Inc / Consultant
- Sarah L. Cohen, DVM / Veterinary Clinic
- Isaiah J. Robinson, DVM / Veterinary Clinic
- Miller & Associates - Brewster / Veterinary Clinic
- EIVS / Veterinary Clinic
Property Details for 120 Nichols Rd
- Year built
- 2001
- Lot size
- 15.74 lot acres
- Property size
- 8,000 SF
- Zone code
- R160
- Property type
- Warehouses
- APN
- 373089 68.-1-28
- APU
- 37308968128
Description
This exceptional investment opportunity presents a fee-simple, 10,500-square-foot veterinary hospital in Brewster, NY, leased to National Veterinary Associates (NVA), a leading North American provider with over 1,400 facilities. The property, situated on a 15.74-acre lot at 120 Nichols Rd, boasts a strong 7.87% cap rate and a substantial net operating income (NOI) of $531,036. The current lease, a triple-net (NNN) agreement, has approximately 4.6 years remaining with annual CPI rent increases and two 5-year renewal options, ensuring long-term stability. Built in 2001, this single-tenant property benefits from a 100% occupancy rate and a strategic location along Interstate 84, experiencing high daily traffic volume. The property's location within Putnam County provides easy access to major highways, serving affluent communities with average household incomes exceeding $157,000 within a 3-mile radius. The recession-resistant nature of veterinary services, coupled with NVA's robust market position and the property's strong financial performance, makes this a compelling investment prospect. The asking price is $6,750,000, translating to $655 per square foot. This asset offers a passive income stream with minimal landlord responsibilities, making it ideal for both local and national investors seeking a stable, long-term investment in a growing industry. The property's size and location provide significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Brewster
- County
- Putnam
- State
- New York
- Longitude
- -73.5672
- Latitude
- 41.383
- 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
$142,000
$1,297,800
$1,439,800
-
$142,000
$1,297,800
$1,439,800
