Property profile

15 Division St Peekskill, NY 10566

FOR SALE
Investment properties
Property ID
US63-1020559
0.09 ac lot
Individually Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,010 square foot retail storefront, located at 15 S Division St in Peekskill, New York, presents a unique redevelopment opportunity. Priced at $1,000,000 ($66.62/sq ft), this C-2 zoned property boasts two units and is ideally situated in the heart of Peekskill's revitalized downtown area. Its prime location places it steps from the Paramount Theater and a vibrant restaurant scene, surrounded by burgeoning residential development. The property benefits from its proximity to Route 9, the scenic Hudson River, and the Metro-North Railroad line, ensuring excellent accessibility. This Opportunity Zone property offers significant potential for investors seeking to build to suit their specific business needs. Detailed plans are available upon request. Don't miss this chance to capitalize on the thriving Peekskill market and create a successful commercial venture in this dynamic location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.09 ac (3,850 SF)
APN 551200 33.30-1-6
UPID US63-1020559

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Music Venue

Location

15 Division St Peekskill, NY 10566
Peekskill metro Census 14300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2017
Price N/A
2010
$125,000
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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