Industrial Re-Development Opportunity with $1,500,000 + total income from a single tenant over the next 12 years. Current income of approximately $11,000 per month, $132,000 per year. After new construction the projected annual income is $434,000. Site plans include construction of a 19,000 SF warehouse with 30' ceilings connected to an existing 8,000 SF building for a total of 27,000 SF combined. Plans include an addition to the existing 8,000 SF building that is a NNN single tenant. Photos are the 8,000 SF building and the construction site. All utilities are connected. Tenant's lease expires Sept 2025 and has two 5-year option renewals. All plans, elevations, pro forma and copy of lease is available. Site is shovel ready, income producing, and is a great location just off Route 9W.
Utilities
Cable Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Underground Utilities, Electricity Available
Lot Description:
Level, Cleared
Elementary School:
James A Farley Elementary School
Middle School:
Call Listing Agent
High School:
North Rockland High School
School District:
North Rockland
9 Holt Drive, Stony Point, NY, 10980
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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