G A R R Y K L E I NLicensed Associate Real Estate BrokerM. 914.588.1585GKlein@houlihanlawrence.com

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. 914.588.1585GKlein@houlihanlawrence.com

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. 914.588.1585GKlein@houlihanlawrence.com

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

GFA DH Vision Inc 1,200 2,060.00$ 24,720.00$ 4,502.02$ 4/30/2023 20.60$

GFB Vacant 1,900 -$ -$

GFC Family Work Assoc 900 1,944.00$ 23,328.00$ 4/30/2020 25.92$

GFD Maya J. 896 1,491.57$ 17,898.84$ 2,983.14$ 6/30/2020 19.98$

101 CMDR Accounting 3,450 6,325.00$ 75,900.00$ 12,937.50$ 10/31/2021 22.00$

102 Caruso Financial Group LLC 900 1,500.00$ 18,000.00$ 3,182.70$ 1/31/2023 20.00$

103 SKMW LLC 1,320 2,000.00$ 24,000.00$ 4,500.00$ 5/31/2020 18.18$

200 New Vision Home Care 1,100 2,000.00$ 24,000.00$ 4,100.00$ 4/30/2021 21.82$ (electric included)

201 A. Servidone & B. Anthony Const. 1,300 2,350.00$ 28,200.00$ 4,700.00$ 7/31/2021 21.69$ (electric included)

202 Vacant 430 -$ -$ -$ (electric included)

203 Vacant 930 -$ -$ -$ (electric included)

204 Vacant 430 -$ -$ -$ (electric included)

205 Vacant 840 -$ -$ -$ (electric included)

37A Vacant House / Pad Site 2,500 -$ -$ -$

TOTALS 18,096 19,670.57$ 236,046.84$ 36,905.36$

Rent Roll 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

37 Saw Mill River Road, Hawthorne, NY

Suite # TENANT SQ.FT EXPIRATION DATE Additional info

GFA DH Vision 1,200 4/30/2023 3% annual rent increase

GFB Vacant 1,900

GFC Family Work Assoc 900 4/30/2020

GFD Maya J. 896 6/30/2020 4% annual rent increase

101 CMDR 3,450 10/31/2021 3% annual rent increase

102 Caruso Financial Group LLC 900 1/31/2023 3% annual rent increase

103 SKMW LLC 1,320 5/31/2020

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. 914.588.1585GKlein@houlihanlawrence.com

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$

Annual Expenses: Real Estate Taxes 58,522.87$ Water/Sewer 800.00$ Fuel oil heat 5,000.00$ Utilities 17,000.00$ Insurance 16,800.00$ Snow Removal, Landscaping 5,000.00$ Repairs & Maintenance 10,000.00$ Admin/Legal 2,000.00$

115,122.87$ Net Operating Income: 307,512.76$

Income and ExpensesCapital Improvements Schedule

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

37 Saw Mill River RoadCapital Improvements Schedule

Jun-13 New earthen berm in rear of propertyJun-13 LED Lighting Throuhgout Common AreasJul-13 Lobby and 1st Floor Hallway Renovations

Aug-13 Cameras & Central Station Aug-13 Replace Boiler Aug-13 New DirectorySep-13 Façade RepairNov-13 Remove Underground Oil TankNov-13 New Entrance - Brick Pavers, Sidewalk, and ConcreteAug-14 Exterior Façade Alteration Jul-16 Replace Cooling Tower

Numerous Office Renovations throughout ownership

G A R R Y K L E I NLicensed Associate Real Estate BrokerM. 914.588.1585GKlein@houlihanlawrence.com

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

APPL

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No. Revision Date By

Drawing No:

Project No:

Date:

Scale:

Drawn: Approved:

ANY ALTERATION OF PLANS,SPECIFICATIONS, PLATS ANDREPORTS BEARING THE SEAL

OF A LICENSED PROFESSIONALENGINEER OR LICENSED LANDSURVEYOR IS A VIOLATION OF

SECTION 7209 OF THE NEWYORK STATE EDUCATION LAW,EXCEPT AS PROVIDED FOR BYSECTION 7209, SUBSECTION 2.

PROGRESSPLOTTING

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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. 914.588.1585GKlein@houlihanlawrence.com

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. 914.588.1585GKlein@houlihanlawrence.com

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.