Standalone Medical Office
216 State Route 32 N New Paltz, NY 12561
216 State Route 32 N, New Paltz, NY, 12561
$449,900
For Sale
$449,900
Well-maintained standalone office configured for medical or professional use with reception, exam rooms, and on-site parking.
Property Size1,500 SF
Price / SF$299.93
Days on Market17
Property Features for 216 State Route 32 N
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial
Listing agency
BERARDI REALTY
(845) 201-1111
Listed by
GREGORY C. BERARDI
Source
Corcoran
Added: Jul 6 Updated: Jul 21 at 6:04AM Checked: Jul 21 at 6:04AM
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 BERARDI REALTY
Investment Insights
Based on property information with market context.
This well-maintained standalone building is configured for medical or professional use and includes a welcoming reception area, multiple private offices or exam rooms, a waiting area, and a large open workspace. The layout also features two bathrooms and a wet bar/kitchenette. Each therapy room includes water suitable for medical uses, supporting a range of professional and health-related configurations.
The property is located in the gateway corridor of New Paltz with excellent visibility along Route 32. It sits on a spacious lot with ample off-street parking and prominent signage exposure, offering convenient access just minutes from the Village of New Paltz, SUNY New Paltz, and the NYS Thruway.
The building underwent a complete gut renovation within the last 10 years, including new foundation and septic systems.
The property is located in the gateway corridor of New Paltz with excellent visibility along Route 32. It sits on a spacious lot with ample off-street parking and prominent signage exposure, offering convenient access just minutes from the Village of New Paltz, SUNY New Paltz, and the NYS Thruway.
The building underwent a complete gut renovation within the last 10 years, including new foundation and septic systems.
Key Highlights
- Approximately 1,500+/- SF standalone office building currently configured for medical or professional use.
- Features welcoming reception area, multiple private offices/exam rooms, waiting area, and large open workspace.
- Includes two bathrooms plus a wet bar/kitchenette, with each therapy room having water suitable for medical uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $30.00 |
| − Vacancy | −$5.7k | −$3.81 |
| EGI | $39.3k | $26.19 |
| − OpEx | −$9.8k | −$6.55 |
| NOI | $29.5k | $19.64 |
1,500 SF · lease $30.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$14.03M
$12.27M – $16.37M
NOI $981,935 @ 7.0% cap · market cap 218.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Well-maintained standalone office configured for medical or professional use with reception, exam rooms, and on-site parking.
Where is this medical office space located?
The property is located at 216 State Route 32 N New Paltz, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 1,500+/- SF standalone office building currently configured for medical or professional use.; Features welcoming reception area, multiple private offices/exam rooms, waiting area, and large open workspace.; Includes two bathrooms plus a wet bar/kitchenette, with each therapy room having water suitable for medical uses.
