Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 Rte 22nd, Unit 410 Brewster, NY 10509-2657
    Back to Search
    Property profile & analytics

    400 Rte 22nd, Unit 410, Brewster, NY 10509-2657

    View on Map
    • Investment properties
    • 2,133 SF
    • 10.16 lot acres
    Off-Market
    Last Sale Apr 24, 2023
    $1,850,000
    Property ID
    US63-2188798
    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
    $1,830,000
    Show details
    Cap Rate Potential
    2.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 400 Rte 22nd

    Year built
    1959
    Lot size
    10.16 lot acres
    Zone code
    RMF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    373089 78.-1-16
    APU
    37308978116

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 24, 2023 $1,850,000 Arborcreek Farms LLC Wellington II Development LLC Bargain And Sale Deed $2.2M · Farm Credit East Aca
    Jun 15, 2021 — Wellington II Development LLC Patrick J Alagna Bargain And Sale Deed —
    Jul 6, 2006 $860,000 Patrick J Alagna Wellington Brook Estates Grant Deed $645k · Mahopac National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,865,000
      ML approach
      $1,760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Putnam
    State
    New York
    Longitude
    -73.6345
    Latitude
    41.3729
    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
    $165,840
    $872,392
    $1,038,232
    -
    $165,840
    $872,392
    $1,038,232

    Comparable in this City

    • Value Estimation by Request
      1,654 SF

      120 Flds Ln

      OFFICE/RESIDENTIAL (MIXED USE)
      120 Flds Ln, Brewster, NY 10509-3535
      View Details
    • Value Estimation
      $925,000
      4,704 SF

      1995 Rte 22

      OFFICE/RESIDENTIAL (MIXED USE)
      1995 Rte 22, Brewster, NY 10509-3626
      View Details
    • Value Estimation
      $3,090,000
      22,164 SF

      1037 Rte 22

      OFFICE/RESIDENTIAL (MIXED USE)
      1037 Rte 22, Brewster, NY 10509-1589
      View Details
    • Value Estimation by Request
      5,946 SF

      450 Main St

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

      4 Putnam Ave

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

      53-55 Sodom Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      53-55 Sodom Rd, Brewster, NY 10509
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3,896 SF

      Brewster Mixed-Use Commercial Property

      Prime Location, High-Income Potential
      3925 Danbury Rd, Brewster, NY 10509
      View Details
    • Contact for pricing

      Putnam County Legacy Property

      320+ acre property with lake, structures, and modern utilities.
      111 Ballyhack Rd, Brewster, NY 10509
      View Details
    • Contact for pricing

      Commercial Property Portfolio Opportunity

      Two parcels with rental income and long-term potential.
      Marvin Ave, Brewster, NY 10509
      View Details
    • Contact for pricing

      Land Parcels Near I-684

      Multiple land parcels available off I-684 and Route 22.
      1031 Ny-22, Brewster, NY 10509
      View Details
    • New
      $4,250,000
      0.92 Acres

      3-Story Office Building with Elevator

      Three entrances, on-site elevator service, and an 80-car parking lot support multiple professional office uses.
      155 Main St, Brewster, NY 10509
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      507,910 SF

      Brewster, NY Commercial Space

      Class A medical/office space for lease in Brewster, NY.
      15 Mount Ebo Rd S, Brewster, NY 10509
      View Details
    • $550 /Mo
      40,119 SF

      Office Space in Brewster, NY

      Single office in professional building, great visibility, convenient location.
      155 Main St, Brewster, NY 10509
      View Details
    • $1,500 /Mo

      New Commercial Space on Main

      Versatile commercial unit suitable for offices, studios, or retail.
      99 Main St, Brewster, NY 10509
      View Details
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Rte 22nd, Unit 410
    Brewster, NY 10509-2657
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Rte 22nd, Brewster, NY, 10509
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!