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400 Gidney AVE Newburgh, NY 12550
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Key Details
Sold Price $685,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H4910613
Annual Tax Amount $32,709
Property Description
Great investment opportunity. High end, 3 unit, 5850 sq. ft. medical office building with 21/22 parking spaces in prime Newburgh location. Main occupancy of largest space, 4350 sq. ft. will remain with new triple net lease. Cap rate approx. 10%. Original renovations $500,000. Recent improvements such as new parking lot, interior and exterior painting, etc. totaling approx. $98,000. Close to major shopping, I87, I84, Hudson Riverfront, Restaurants.
Location
State NY
County Orange
Zoning COM
Interior
Heating Electric, Forced Air, Heat Pump
Cooling Central Air
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Newburgh
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Bought with Rand Commercial
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