Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Matthews St Goshen, NY 10924

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,000,000

    Multi-tenant office and flex building in Goshen, NY for sale.

    Lot size:
    2.40 Acres

    Property Features for 15 Matthews St

    General Information

    Standard status
    Active
    Lot size
    2.40 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Jason Horowitz
    Jason Horowitz
    Source: Corcoran

    Listing Agency: TRIFORCE COMMERCIAL RE LLC Listing Agent: Jason Horowitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multi-Tenant Office Flex Building

    Located in Goshen, New York, this multi-tenant office and flex building offers an opportunity for acquisition. The building has a total area of approximately 41,210 square feet and accommodates a mix of professional, medical, and creative tenants. Vacancies are present, offering potential for increased revenue. The property is suited for investors seeking upside through leasing and management. The building currently generates approximately $420,000 in gross annual income, with a pro forma potential gross exceeding $848,000 upon full lease-up. Flexible floor layouts, ample on-site parking, and a loading dock are present. The property is positioned in the Village of Goshen, with connectivity to Route 17/I-86 and the Orange County Government Center. The location supports tenant retention and leasing demand, with proximity to restaurants, shops, and civic buildings. The property offers income diversity and upside potential.
    Location Intelligence

    Current Use by Public Records

    Tracy Laufer, DC Alternative Medicine Practice ATM Atm Sung J Sohn, ... Medical Clinic MSB Bank Bank Moscatello Therapy Counselor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Orange
    State
    New York
    Longitude
    -74.3371808
    Latitude
    41.3971994

    Nearby Similar for Sale

    • $2,700,000
      0.81 Acres

      Retail Complex in Goshen, NY

      High-visibility retail complex with income and value-add potential.
      151 Greenwich Ave, Goshen, NY 10924
      View Details
    • $1,200,000
      19.49 Acres

      Goshen Land for Cannabis Growing

      19.49 acres suitable for cannabis or agricultural use.
      853 Pulaski Hwy, Goshen, NY 10924
      View Details
    • $795,000
      4,725 SF

      Historic Goshen Building: Restaurant Ready

      Historic building in Goshen, NY, currently operating as a restaurant.
      62 W Main St, Goshen, NY 10924
      View Details
    • $575,000
      Pending

      Residential and Commercial Opportunity in Goshen

      Two-parcel bundle with residential and commercial potential in Goshen, NY.
      2641 Route 17M, Goshen, NY 10924
      View Details
    • $499,000

      Prime Office Space Near Government

      Office space with quality finishes, near Orange County Government Center.
      18 Scotchtown Ave, Goshen, NY 10924
      View Details
    • $950,000

      Bank Building in Goshen For Sale

      Single-tenant bank building in Goshen, NY, leased until 2032.
      60 Matthews St, Goshen, NY 10924
      View Details
    • $510,000

      Specialty Property for Sale

      Specialty property available for purchase.
      8 Maple Ave, Goshen, NY 10924
      View Details
    • $510,000

      Specialty Property for Sale

      Specialty property available for sale.
      6 Maple Ave, Goshen, NY 10924
      View Details
    • $499,000

      Prime Office Space Near Government

      Office space with quality finishes, near Orange County Government Center.
      18 Scotchtown Ave, Goshen, NY 10924
      View Details
    • $8,200,000

      Versatile Goshen Property For Sale

      9-acre property with specialized spaces, ideal for professional and medical offices.
      70 Hatfield Ln, Goshen, NY 10924
      View Details
    • $1,800,000

      Industrial Property with Outdoor Storage

      9,000 sqft building on 5 acres with outdoor storage.
      907 Pulaski Hwy, Goshen, NY 10924
      View Details
    • $8,200,000

      Versatile Goshen Property For Sale

      Investment opportunity near major highways, suitable for professional and medical offices.
      70 Hatfield Ln, Goshen, NY 10924
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-tenant office and flex building in Goshen, NY for sale.
    Where is this mixed-use property located?
    The property is located at 15 Matthews St Goshen, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Pro Forma ±12.6% Cap Rate based on potential gross income of $848,000.; - Multi-tenant office/flex building with ±41,210 SF.; - Significant upside potential through lease-up of vacant units.
    (845) 450-6500
    Request Owner's contact information
    15 Matthews St Goshen, NY 10924
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Matthews St
    Goshen, NY 10924
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Matthews St Goshen, NY 10924
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Horowitz
    Jason Horowitz
    Real Estate License ID: 10491207540
    (845) 450-6500 (845) 323-9177
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!