Clocktower Commons 8 Properties Offered at $8,000,000 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.
and just 60 miles north of New York City.
PROPERTY FACTS
| Price | $8,000,000 |
| Price / SF | $131.84 / SF |
| Cap Rate | 9.96% |
| 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 |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Clocktower Commons Bldg 6
600 Clock Tower Cmn, Brewster, NY 10509 |
Office | 22,000 SF | 1989 | - |
|
Clocktower Commons Bldg 1
100 Clock Tower Commons, Brewster, NY 10509 |
Office | 8,614 SF | 1990 | - |
|
Clocktower Commons Bldg 7 Chase Bank
700 Clock Tower Commons, Brewster, NY 10509 |
Retail | 4,426 SF | 1990 | - |
|
Clocktower Commons Bldg 2
200 Clock Tower Commons, Brewster, NY 10509 |
Office | 4,818 SF | - | - |
|
Clocktower Commons Bldg 3
300 Clock Tower Commons, Brewster, NY 10509 |
Office | 11,792 SF | 1990 | - |
|
Clocktower Commons Bldg 4
400 Clock Tower Commons, Brewster, NY 10509 |
Office | 2,000 SF | 1990 | - |
|
Clocktower Commons Bldg 5
500 Clock Tower Commons, Brewster, NY 10509 |
Retail | 3,094 SF | 1984 | - |
|
Clocktower Commons Bldg 8
800 Clock Tower Commons, Brewster, NY 10509 |
Office | 3,936 SF | 1990 | - |
1 of 1
