GARRY KLEIN Licensed Associate Real Estate Broker M. 914.588.1585 [email protected]800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900 Market Knowledge | Experience | Reputation KLEIN | LANZA TEAM Hawthorne Of fice Building For Sale | Recently Renovated INVESTMENT HIGHLIGHTS: • 18,000 square foot renovated office building (70% leased) on 1+ acre site • 2,500 square foot house attached to office building (vacant/gutted) • Opportunity to demo house and develop Pad Site (retail/fast food drive thru permitted by code) • Many recent capital improvements and upgrades to office building • Great visibility and high traffic counts along busy Route 9A 37 & 37A SAW MILL RIVER ROAD HAWTHORNE, NY OFFERED AT: $2,750,000
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G A R R Y K L E I NLicensed Associate Real Estate BrokerM. [email protected]
800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900
M a r k e t K n o w l e d g e | E x p e r i e n c e | R e p u t a t i o nK L E I N | L A N Z A T E A M
Hawthorne Office Building For Sale | Recently Renovated
INVESTMENT HIGHLIGHTS:
• 18,000 square foot renovated office building (70% leased) on 1+ acre site
• 2,500 square foot house attached to office building (vacant/gutted)
• Opportunity to demo house and develop Pad Site (retail/fast food drive thru permitted by code)
• Many recent capital improvements and upgrades to office building
• Great visibility and high traffic counts along busy Route 9A
3 7 & 3 7 A S A W M I L L R I V E R R O A D H A W T H O R N E , N Y
O F F E R E D AT: $ 2 , 7 5 0 , 0 0 0
G A R R Y K L E I NLicensed Associate Real Estate BrokerM. [email protected]
800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900
M a r k e t K n o w l e d g e | E x p e r i e n c e | R e p u t a t i o nK L E I N | L A N Z A T E A M
Hawthorne Office Building For Sale | Recently Renovated
3 7 & 3 7 A S A W M I L L R I V E R R O A D H A W T H O R N E , N Y
O F F E R E D AT: $ 2 , 7 5 0 , 0 0 0
PROPERTY DESCRIPTION:
37 Saw Mill River Road is a three-story, 18,000 square foot office building constructed in 1984. The
building is equipped with one passenger elevator and newly renovated common areas. The property
is located on Route 9A, a major commercial thoroughfare. Saw Mill River Road is a main commercial
roadway that, in the immediate vicinity of the subject, is developed primarily with office parks, light
industrial facilities and scattered commercial uses including a Audi Car Dealership and several free
standing restaurants. Adjacent to the office building is a two story home that zoning allows to be
developed into a Retail Use or a Fast Food Drive Thru Restaurant.
37 Saw Mill River Road is located directly off the Saw Mill River Parkway, approximately a 45
minute drive to Midtown Manhattan. It is also located near the Interstate 287, a major east/west
thoroughfare. Adjacent to Wendy’s ; Across from Mack Cali’s Mid Westchester Executive Park,
Applebee’s, Executive Diner, New York Sports Club and Comfort Inn & Suites ; Within 1 mile of New
York Medical College and Regeneron Pharmaceutical Campus.
Traffic count 18,500 cars per day
RECENT IMPROVEMENTS:
New Cooling Tower, New Façade, New Digital Directory, Renovated Hallways with LED lighting,
New Elevator Cab, New Oil Burning Boiler
ZONING:
CRB-Rural Business District (Fast food drive thru restaurant a permitted use for pad site)
G A R R Y K L E I NLicensed Associate Real Estate BrokerM. [email protected]
800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900
M a r k e t K n o w l e d g e | E x p e r i e n c e | R e p u t a t i o nK L E I N | L A N Z A T E A M
37 Saw Mill River Road, Hawthorne, NY
SUITE # TENANT SQ.FT MONTHLY RENT ANNUAL RENT SECURITY DEPOSIT EXPIRATION DATE RENT/SQ.FT NOTES
200 New Vision Home Care Services 1,100 4/30/2021 3% annual rent increase
201 A Servidone & B. Anthony Const. 1,300 7/31/2021
202 Vacant 430
203 Vacant 930
204 Vacant 430
205 Vacant 840
37A Vacant Value (Pad Site) 2,500
TOTALS 18,096
Vacant = 4,530
Total= 15,596
Office Vacancy = 29.05%
G A R R Y K L E I NLicensed Associate Real Estate BrokerM. [email protected]
800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900
M a r k e t K n o w l e d g e | E x p e r i e n c e | R e p u t a t i o nK L E I N | L A N Z A T E A M
INCOME EXPENSES 2019
Annual Income: Base Rents 236,046.84$ Value of Vacant suites @ $22psf 99,660.00$ 4530Value of potential PAD SITE 2,500sf @40 psf 100,000.00$ 3% vacancy/collections (13,071.21)$ 422,635.63$
Proposed Building 3 7 & 3 7 A S A W M I L L R I V E R R O A D H A W T H O R N E , N Y
O F F E R E D AT: $ 2 , 7 5 0 , 0 0 0
G A R R Y K L E I NLicensed Associate Real Estate BrokerM. [email protected]
800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900
M a r k e t K n o w l e d g e | E x p e r i e n c e | R e p u t a t i o nK L E I N | L A N Z A T E A M
Survey 3 7 & 3 7 A S A W M I L L R I V E R R O A D H A W T H O R N E , N Y
O F F E R E D AT: $ 2 , 7 5 0 , 0 0 0
G A R R Y K L E I NLicensed Associate Real Estate BrokerM. [email protected]
800 Westchester Avenue, Suite N-517 • Rye Brook, NY 10573 • O 914.798.4900
M a r k e t K n o w l e d g e | E x p e r i e n c e | R e p u t a t i o nK L E I N | L A N Z A T E A M
Aerial View and Regional Map 3 7 & 3 7 A S A W M I L L R I V E R R O A D H A W T H O R N E , N Y
O F F E R E D AT: $ 2 , 7 5 0 , 0 0 0
The information contained in this Offering Memorandum is confidential, furnished solely for the purpose of review by a prospective purchaser of certain information relating to the property mentioned herein (the “Proper-ty”), and is not to be used for any other purpose or made available to any other person without the prior written consent of HLC. The material is subject to errors and omissions and based on part upon information supplied by sources deemed reliable.