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    FOR SALE
    Manufacturing properties

    9 Holt Dr, Stony Point, NY 10980

    7,970 SF 1.93 ac lot Built 1968
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US63-0536154
    Property summary
    AI-generated overview

    This exceptional 2-acre industrial redevelopment opportunity in Stony Point, NY, presents a compelling investment prospect. The property, located at 9 Holt Dr, features an existing 8,000 square foot industrial building currently leased, generating $130,000 in annual income. This income stream continues throughout the planned expansion. Approved plans allow for the addition of a 19,000 square foot structure, resulting in a total of 27,000 square feet of warehouse space with impressive 30-foot ceilings. The site is shovel-ready, level, cleared, and easily accessible, boasting municipal water and sewer, with all utilities readily available. The existing tenant enjoys a lease with two five-year options and is described as a "happy tenant." Alternatively, the property can be delivered vacant, with a price adjustment to reflect this. The property is zoned for industrial, warehouse, and light manufacturing uses. Its prime location offers convenient access to Route 9W, the Tappan Zee and Bear Mountain bridges, and major metropolitan areas including the Bronx, Manhattan, and Northern New Jersey. Detailed plans, lease agreements, and rent payment history are available upon request for qualified buyers. The asking price for this turnkey redevelopment project is $3,000,000. This is a rare opportunity to acquire a high-yield, income-producing asset with significant expansion potential in a strategic location. The APN is 392800-020-004-0011-008-000-0000.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1968
    Total area 7,970 SF
    Lot 1.93 ac (84,071 SF)
    Zoning code LI
    APN 392800 20.04-11-8
    UPID US63-0536154
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Libra 22 Industrial Manufacturer Production Facility
    • Ace Glass Systems Inc Auto Repair Shop (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $530k
    CAP Approach CAP
    $770k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $820k
    Owner & transaction history
    Dynamic Fitness Products INC · 11 yrs held
    Dynamic Fitness Products INC
    since 2014
    2 recorded transactions
    2014
    $500,000
    1999
    $400,000
    Zoning & alternative use
    LI · Stony Point, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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