Newburgh, NY 12550,5109 Route 9W
$510,000
$599,000
14.9%
Est.Price: ?

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5109 Route 9W Newburgh, NY 12550

Est. payment /mo
SOLD DATE : 08/24/2020

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Key Details

Sold Price $510,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID H6003309

Year Built 1975

Annual Tax Amount $19,337

Property Description

9.5% Capitalization Offering Three buildings on one site. A two-story 4-unit 6,100 sq ft office with each unit at 1400 sq ft. The second building is a beautiful light filled free standing office with an open plan design and the last structure is a 1,092 sq ft garage. All but one office is rented and that is being offered out at $1,600/month with plenty of interest, MLS 5050793. The leases are all local tenants and are between 1-year and 3-years long. Tenants generally stay an average of 5 years. This is a building you will have to actively manage but what an income stream and no deferred maintenance.

Location

State NY

County Orange

Zoning B

Interior

Heating Oil, Forced Air

Cooling Central Air

Building

Sewer Septic Tank

Water Public

Structure Type Batts Insulation, Fiberglass Insulation, Frame

Schools

School District Newburgh

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Listed by John J Lease REALTORS Inc • 845-565-2800
Bought with John J Lease REALTORS Inc

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