Newburgh NY, 12550 - MLS# H6304165

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Newburgh NY, 12550 $1,800,000

Office Commercial

1 of 9

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

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Listing Information provided courtesy of Keller Williams Realty

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS

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