Renovated Showroom with
For Sale
$456,654
11 Quassaick Ave, New Windsor, NY 12553
Renovated showroom with garage/office/storage on Route 9W.
Property Size2,200 SF
Lot Size0.19 Acres
Price / SF$207.57
Days on Market198
Property Features for 11 Quassaick Ave
General Information
Standard status
Active
Size
2,200 SF
Lot size
0.19 Acres
Taxes and HOA fees
Annual Taxes
$12,778
Listing Agency:
Your Move Matters LLC
(845) 926-6400
Listed By:
Penny B Alper
(845) 926-6400
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Your Move Matters LLC
Investment Insights
Based on property information with market context.
Located at the junction of New Windsor and Newburgh, this property offers high visibility on Route 9W/Quassaick Avenue. The building features a renovated 2200 square foot showroom, along with a large garage/office/storage area that includes a small lobby and connected office. The retail area has been updated with new floors, lighting, ceiling, and walls, and is equipped with forced air heat and AC. The garage and office space benefit from new heat and AC mini splits. A new roof has been installed, along with a new foundation drain and a new retaining wall in the rear. The property also features new 3-phase electric service for the smaller space on the right side of the building. A small parking lot provides space for 6 cars. The property is situated directly on Route 9W, across the street from Gus's Tavern. The showroom is currently rented to a nail salon on a month-to-month lease through the end of June 2026. The property can be used as three separate rentals or as a single unit.
Key Highlights
- High visibility location on Route 9W at the New Windsor/Newburgh junction.
- Renovated 2200 sq ft showroom with new floors, lighting, ceiling, and walls.
- New roof, foundation drain, and retaining wall.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,778
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,560
$535.6K
Cap Rate 7%
$382,543
$382.5K
Cap Rate 9%
$297,533
$297.5K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $18.00/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$38.3K $17.39/SF
− OpEx
−$11.5K −$5.22/SF
NOI
$26.8K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,560
Cap Rate 7%
$382,543
Cap Rate 9%
$297,533
Alternative Uses
Best Use
Retail
$382.5K
$334.7K – $446.3K
NOI $26,778 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$256.4K
$224.3K – $299.1K
NOI $17,946 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,158 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated showroom with garage/office/storage on Route 9W.
Where is this showroom located?
The property is located at 11 Quassaick Ave New Windsor, NY.
What is the asking price?
The asking price for this property is $456,654.
What are key features of this property?
This property features: High visibility location on Route 9W at the New Windsor/Newburgh junction.; Renovated 2200 sq ft showroom with new floors, lighting, ceiling, and walls.; New roof, foundation drain, and retaining wall.
