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1019 Park St

13,675 SF 100% Leased Office Building Peekskill, NY 10566 $1,950,000 ($143/SF) 6.54% Cap Rate

Office Space New York Peekskill 1019 Park St, Peekskill, NY 10566

Investment Highlights

  • M & T Anchored Office Building | M & T Will Sign A New Long-Term Lease Upon Closing
  • Ideal Downtown Location Near | In Proximity To Westchester Community College, NYS DMV, Rite Aid and Chase Bank
  • Value-Add Opportunity Through Updating or Repurposing Current Office Space

Executive Summary

• M & T Anchored Office Building
- M&T Will Sign A 10-Year Lease Upon Closing
• Value-Add Opportunity
-8.5% Stabilized Cap Rate After Renovation/Lease-Up of
Remaining Office.
• Ideal Downtown Location
- Corner property located Near Westchester Community College, NYS DMV, Rite Aid and Chase Bank .
• Transportation
- Located Less Than A Mile From The Peekskill Metro-North Train Station & State Route-9 Parkway

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
13,675 SF
Building Class
C
Year Built
1975
Price
$1,950,000
Price Per SF
$143
Cap Rate
6.54%
NOI
$127,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,838 SF
Slab To Slab
12’
Building FAR
1.74
Lot Size
0.18 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walker's Paradise (93)
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PROPERTY TAXES

Parcel Number 1200-033-030-00004-000-0008 Improvements Assessment $56,000
Land Assessment $5,000 Total Assessment $61,000

PROPERTY TAXES

Parcel Number
1200-033-030-00004-000-0008
Land Assessment
$5,000
Improvements Assessment
$56,000
Total Assessment
$61,000
(914) 292-1081

Contact

  • Listing ID: 27386148

  • Date on Market: 12/27/2022

  • Last Updated:

  • Address: 1019 Park St, Peekskill, NY 10566

More public record information on 1019 Park St, Peekskill, NY 10566

The Office Property at 1019 Park St, Peekskill, NY 10566 is currently available for sale. Contact The Oak & Avery Group, Llc for more information.

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1019 Park St
(914) 292-1081 x

1019 Park St

David Algarin

(914) 292-1081

(914) 292-1081

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