2 Victory Court | Newburgh (Town)

$1,800,000

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, OneKeyMLS H6304165

MLS Listing ID: 
OneKeyMLS H6304165
Community Information
School District: 
Newburgh City
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Oil
Cooling System: 
Central Air
Water Source: 
Drilled Well
Sewer: 
Septic Tank
Lot/Land Details
Details about the lots and land features included on the property.
Waterfront: 
0
Lot Features
Parking Type: 
Off Street,Parking Lot,Private
Public Record
Parcel Number: 
334600-041-000-0001-005.200-0000
Annual Tax: 
$24,168.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
5/14/2024
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Silvio Perez lll
Listing Co-Agent Name: 
Federico J. Prada
Listing Office Name: 
Keller Williams Realty
Listing Co-Office Name: 
RE/MAX Benchmark Realty Group