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Newburgh,NY 12550
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6304165
Originating Board onekey2
Rental Info No
Annual Tax Amount $24,168
Lot Size 0.544 Acres
Acres 0.5438
Property Description
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
Fireplace No
Appliance Electric Water Heater
Exterior
Parking Features Off Street,Parking Lot,Private
Building
Sewer Septic Tank
Water Drilled Well
Schools
School District Newburgh
Others
Special Listing Condition None