Spruce Realty
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2 Victory Court, Newburgh, NY, 12550 $1,800,000

Office Commercial  

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Details ML#: H6304165  

  • # of Families: 1
  • Sale or Rent:Sale
  • Taxes: $24,168
  • Status:Active

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...

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Property Features

Lot Size: 0.5438   Parking Spaces: Yes   Parking Facilities: Off Street, Parking Lot, Private  

Appliances & Utilities

Heat: Forced Air, Oil   A/C: Central Air   Water: Drilled Well   Sewer: Septic Tank  

Financial

Taxes: $24,168  

Local Area Information

School District: Newburgh  

Listing Information provided courtesy of Keller Williams Realty  845-928-8000
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