Property summary
This 1,680 square foot industrial property, situated on a 0.19-acre lot at 56 Marvin Ave in Brewster, NY, presents a compelling investment opportunity. Currently configured as a fence company, the building offers versatile space ideal for a variety of uses. The main level provides ample room for operations, complemented by substantial rear storage. A full bathroom is conveniently located on the main level. Upstairs, a second floor offers additional office space, accessible via an interior staircase. While the second floor and staircase require some rehabilitation, the potential for functional upgrades is significant. The property's excellent location in Brewster adds to its appeal. The building's current setup, including the existing storage and office space, provides a solid foundation for a new owner to customize and expand upon. The property is priced competitively at $399,000, making it an attractive option for entrepreneurs and investors seeking a well-located industrial space with significant potential. Buyers are advised to exercise caution when using the staircase to the second floor due to the need for rehabilitation. This property is ready for its next chapter, offering a blend of existing infrastructure and opportunity for improvement. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Floor area ratio (FAR). Within the B3 District, the floor area ratio shall not exceed 2.0. G. Density. Residential single-family density shall not exceed one dwelling unit per lot. The density for townhome shall not exce…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B3 · Brewster, NYFloor area ratio (FAR). Within the B3 District, the floor area ratio shall not exceed 2.0. G. Density. Residential single-family density shall not exceed one dwelling unit per lot. The density for townhome shall not exce…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for B3 in Brewster, NY.
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