$1,500,000
$1,800,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
0.54 Acres Lot
SOLD DATE : 05/16/2025
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6304165
Annual Tax Amount $24,168
Lot Size 0.544 Acres
Property Sub-Type Office
Property Description
A/O_ Cash flowing investment property with an established medical tenant. The property produces $151,845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12,271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc... Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Orange County
Interior
Heating Forced Air, Oil
Cooling Central Air
Exterior
Parking Features Off Street, Private
Building
Sewer Septic Tank
Water Well
Schools
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
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Bought with Keller Williams Realty
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