Office and Industrial Condo Portfolio Office FOR SALE


Chestnut Ridge, NY
$1,800,000 USD
, Chestnut Ridge, NY for Sale
$1,800,000 USD
Office - FOR SALE
1/21
null | 5.6% Cap Rate

Office and Industrial Condo Portfolio
Chestnut Ridge, NY


HIGHLIGHTS

  • Mixed-use portfolio with office and warehouse components in a high-demand business park.
  • Strategic location near NJ highways and NYS Thruway for regional accessibility.
  • Current NOI of $100,780 with a proforma cap rate of 7.9%.
  • Established tenancy with long-term leases and growth potential through vacant suite lease-up.

OVERVIEW

Located within the prestigious Chestnut Ridge Business Park Condominium Complex, this mixed-use portfolio offers a rare opportunity to acquire four well-positioned units combining office, showroom, and warehouse functionality. The property sits in the Town of Ramapo, minutes from the New Jersey border, providing exceptional connectivity to major highways including the Garden State Parkway and the New York State Thruway. Built in 1980 and zoned Light Industrial (LI), the building spans 8,163 SF on a 0.18-acre lot, featuring two stories and 21 dedicated parking spaces. The portfolio includes Suites 200 & 300 (leased office/showroom), Suite 1200 (leased warehouse), and Suite 800 (vacant office), offering immediate income with upside potential through lease-up of the vacant space. The Chestnut Ridge Business Park is a well-established commercial hub, attracting a diverse mix of businesses and benefiting from strong regional demographics and proximity to Northern New Jersey and Westchester County.

ASK ABOUT THIS PROPERTY

Paul Adler, Esq., SIORRand CommercialMore Info

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Paul Adler, Esq., SIORRand CommercialMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.