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Healing Arts Building 2 Renee Gate St 3,492 SF 49% Leased Office Building Cortlandt Manor, NY 10567 $1,050,000 ($300.69/SF)
Investment Highlights
- Frontage on Route 6
- Work/Live Option
- Expanded Use Potential for Medi-Spa, Financial Services etc
- Parking for 14 Cars
- Less Than One Mile to All Major Shopping
Executive Summary
This Prime Route 6 location is onee mile to the Cortlandt Town Center. Currently a misxed use property housing a medical office and a residential 3 BR apartment on the second floor, this building offer a live/work option, or house your business while collecting rental income to defray costs. The apartment is rented far below market value and the building will be delivered vacant.
Zoned Residential with a special use permit for a multi-disciplinary health center, the town allows for a broader use than just a doctors office.
The location is close to all big box shopping, Starbucks and major highways such as the Taconic State Parkway and easy access to Croton Harmon Station.
Perhaps a medi-spa, Functional Medicine practice or use that draws from other areas is practical, due to its' easily approached location makes sense.
Offering ample parking for uo to fourteen cars, and heated by oil, the landlord pays for heat and its included in rent.
Utilities include septic and municipal water, as well as central air conditioning on the first floor.
The building is well-maintained. Floor Plans are Available.
Zoned Residential with a special use permit for a multi-disciplinary health center, the town allows for a broader use than just a doctors office.
The location is close to all big box shopping, Starbucks and major highways such as the Taconic State Parkway and easy access to Croton Harmon Station.
Perhaps a medi-spa, Functional Medicine practice or use that draws from other areas is practical, due to its' easily approached location makes sense.
Offering ample parking for uo to fourteen cars, and heated by oil, the landlord pays for heat and its included in rent.
Utilities include septic and municipal water, as well as central air conditioning on the first floor.
The building is well-maintained. Floor Plans are Available.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,000
|
$8.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,000
|
$8.59
|
| Taxes |
$21,500
|
$6.16
|
| Operating Expenses |
$5,000
|
$1.43
|
| Total Expenses |
$26,500
|
$7.59
|
| Net Operating Income |
$3,500
|
$1.00
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $8.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $8.59 |
| Taxes | |
|---|---|
| Annual | $21,500 |
| Annual Per SF | $6.16 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.43 |
| Total Expenses | |
|---|---|
| Annual | $26,500 |
| Annual Per SF | $7.59 |
| Net Operating Income | |
|---|---|
| Annual | $3,500 |
| Annual Per SF | $1.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,492 SF
Building Class
C
Year Built
1980
Price
$1,050,000
Price Per SF
$300.69
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,746 SF
Building FAR
0.09
Lot Size
0.87 AC
Zoning
Residential - A special permit allows for a multi-disciplinary health center. Uses have included massage, accupuncture, and medical offfice space.
Amenities
- Signage
- Reception
- Air Conditioning
- Fiber Optic Internet
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2289-024-009-00003-000-0026 | Total Assessment | $9,450 |
| Land Assessment | $1,100 | Annual Taxes | $21,500 ($6.16/SF) |
| Improvements Assessment | $8,350 | Tax Year | 2024 |
Property Taxes
Parcel Number
2289-024-009-00003-000-0026
Land Assessment
$1,100
Improvements Assessment
$8,350
Total Assessment
$9,450
Annual Taxes
$21,500 ($6.16/SF)
Tax Year
2024
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Healing Arts Building | 2 Renee Gate St
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