Clocktower Commons 8 Properties in Brewster, NY

INVESTMENT HIGHLIGHTS

  • Supply-constrained office market with limited existing competition and restrictive zoning that significantly reduces the likelihood of new inventory
  • Convenient New York City access via the Brewster Metro-North train station, which is less than 10 minutes away
  • Upcoming development in downtown Brewster positions the community as the next Hudson Valley hotspot via plans for 408 residential units
  • Located less than five minutes from The Highlands Retail Center, Brewster’s largest shopping center, and 20 minutes from Danbury Fair Mall

EXECUTIVE SUMMARY

A 59,928-square-foot mixed-use asset that is 90% leased to 23 diverse tenants including office, medical office, a restaurant and retail users with a weighted average remaining lease term of 4.8 years. Strategically located on 10 acres off Route 22, a major regional thoroughfare, 2.5 miles from the intersection of Interstates 84 and 684
and just 60 miles north of New York City.

PROPERTY FACTS

Sale Type Investment
Status Active
Number of Properties 8
Individually For Sale 0
Total Building Size 60,680 SF
Total Land Area 80.00 AC
  • Listing ID: 25940944

  • Date on Market: 6/15/2022

  • Last Updated:

  • Address: Clocktower Commons, Brewster, NY