Property profile

9 Holt Dr Stony Point, NY 10980

FOR SALE
Manufacturing properties
Property ID
US63-0536154
7,970 SF 1.93 ac lot Built 1968
Entity Owned 11-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Auto Repair Shop (Bike/Boat/Book/etc) Store

Location

9 Holt Dr Stony Point, NY 10980
Stony Point metro Census 10102 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2014
2 recorded transactions
2014
$500,000
1999
$400,000

Zoning & alternative use

LI · Stony Point, NY
Zoning description

5 - Reserved Attachment 6 - MHC District Attachment 7 - APRP District Attachment 8 - SR-R District Attachment 9 - RR District Attachment 10 - R-1, SRC and R-W Districts: Attachment 11 - BU District Attachment 12 - O and…

General category INDUSTRIAL

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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More about this property
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