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Industrial Outdoor Storage 3 Properties Offered at $3,750,000 in Tappan, NY
INVESTMENT HIGHLIGHTS
- Industrial Outdoor Storage - 4 acres
EXECUTIVE SUMMARY
Offering three contiguous parcels totaling approximately 4 acres — all owned by the same seller:
• 401–407 Western Highway (House) zoned LO
• 397 Western Highway (Land) zoned LI
• 413 Western Highway (Land) zoned LI
There are four tenants currently on site, all month-to-month, generating the following rental income:
Total Monthly Income: $18,000
Total Annual Income: $216,000
• 401–407 Western Highway (House) zoned LO
• 397 Western Highway (Land) zoned LI
• 413 Western Highway (Land) zoned LI
There are four tenants currently on site, all month-to-month, generating the following rental income:
Total Monthly Income: $18,000
Total Annual Income: $216,000
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$122,128
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$122,128
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$83,286
|
| Net Operating Income |
$38,842
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $122,128 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,128 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $83,286 |
| Net Operating Income | |
|---|---|
| Annual | $38,842 |
PROPERTY FACTS
| Price | $3,750,000 | Number of Properties | 3 |
| Price / SF | $3,437 / SF | Individually For Sale | 0 |
| Cap Rate | 4.34% | Total Building Size | 1,091 SF |
| Sale Type | Investment | Total Land Area | 4.21 AC |
| Status | Active |
| Price | $3,750,000 |
| Price / SF | $3,437 / SF |
| Cap Rate | 4.34% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 1,091 SF |
| Total Land Area | 4.21 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 413 Western Hwy S, Tappan, NY 10983 | Land | 2.86 AC | - | - |
| 397 Western Hwy S, Tappan, NY 10983 | Land | 0.89 AC | - | - |
|
Manny House
401-407 Western Hwy S, Tappan, NY 10983 |
Specialty | 1,091 SF | - | - |
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Industrial Outdoor Storage
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