1633 Rte 9g Hyde Park, NY 12538-2167
Neighborhood Business District (NBD). The Neighborhood Business Districts are located throughout the Town, and permit a higher density, scale and intensity of development than is permitted in the surrounding district. (1) Purpose. The Neighborhood Business Districts are intended to serve as accessories to the Town's residential neighborhoods. They are intend…
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
NBD · Hyde Park, NYNeighborhood Business District (NBD). The Neighborhood Business Districts are located throughout the Town, and permit a higher density, scale and intensity of development than is permitted in the surrounding district. (1) Purpose. The Neighborhood Business Districts are intended to serve as accessories to the Town's residential neighborhoods. They are intended to promote and accommodate a mix of commercial, residential and other uses, all within a short distance of existing neighborhoods. In addition to other uses permitted throughout the Greenbelt, Waterfront, Neighborhood and Hamlet Districts, the Neighborhood Business Districts permit business retail and lower-impacting neighborhood-scale nonresidential uses. They also provide for assembly uses such as dining, entertaining, and social functions. (2) Existing character. The Neighborhood Business Districts include those existing smaller-scale nonresidential areas that pose minimum physical and environmental constraints to development and that have already developed in the outlying crossroads areas of Town. The districts encompass several existing concentrations of neighborhood-scale nonresidential uses which have served adjoining residential neighborhoods. The Neighborhood Business Districts are adequately served by a mix of local, county and state roadways. Limited public utility infrastructure exists in some of the Neighborhood Business Districts. H. St. Andrews District (SAD). The St. Andrews District is located in the southern part of the Town along the west side of NYS Route 9 and permits a higher density, scale and intensity of development specifically related to educational uses. (1) Purpose. The intent of the St. Andrews District is to recognize the special circumstances of educational institutions and to accommodate the orderly growth of an educational campus in a manner that both promotes the educational objectives of the institution and preserves the presence of an educational campus as presently existing and as projected in its conceptual Campus Master Plan. The Culinary Institute has an international reputation and draws students and visitors from all over the world. The district regulations shall also facilitate visits to the campus and the Town. [Amended 4-11-2011 by L.L. No. 3-2011 ] (2) Existing character. The Culinary Institute of America occupies the lands associated with the St. Andrews District as currently defined. The campus area is used primarily for an educational institution that serves a local, regional, national and international student body.
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.