Add Listing
    For Lease
    • 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

    244 Broadway Newburgh, NY 12550

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,000 /Mo

    2,500 sq ft office space with medical setup.

    Lot size:
    0.25 Acres

    Property Features for 244 Broadway

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    George K Koudounas
    George K Koudounas
    Source: Corcoran

    Listing Agency: RE/MAX BENCHMARK REALTY GROUP Listing Agent: George K Koudounas

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

    Learn more

    Overview

    Professional Office Space on Broadway

    This approximately 2,500 square foot professional office space is available for lease. The space is suitable for dental or general office use and is currently set up for medical use, featuring multiple exam rooms with water access, a break room, multiple washrooms, a waiting room, and a reception area. The property offers no-step access and direct exposure to the main road, providing high visibility. The previous tenant was a dentist, making it easily adaptable for dental practice. The brick building has been professionally rehabbed and includes central air. An adjacent office space, almost identical in size (approximately 5,000 sq ft total), is also available for rent. The two units can be connected to form a single, larger space or remain separate.
    Location Intelligence

    Current Use by Public Records

    YELENA SHUBINA Physician Elite Orthopedic & Rehabilitation Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    West End Veterinary Office

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0188256
    Latitude
    41.5008385

    Nearby Similar for Lease

    • $2,000 /Mo
      Pending

      New Windsor Retail/Office Space

      Newly renovated retail or office spaces available for lease.
      408 Blooming Grove Tpke, New Windsor, NY 12553
      View Details
    • $2,500 /Mo
      Pending

      New Windsor Retail/Office Space

      Newly renovated retail or office spaces available for rent.
      408 Blooming Grove Tpke, New Windsor, NY 12553
      View Details
    • $450 /Mo
      41,500 SF

      New Windsor Commercial Building

      Free-standing building with showroom and shop space available for rent.
      42 Windsor Hwy, New Windsor, NY 12553
      View Details
    • New
      $575 /Mo
      16,117 SF

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • New
      $575 /Mo
      16,117 SF

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • New
      $575 /Mo
      16,117 SF

      Renovated Office Unit For Lease

      Renovated office space in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • New
      $995 /Mo
      16,117 SF

      Renovated Office Unit For Lease

      Renovated office space in high-traffic commuter location with flexible terms.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • New
      $575 /Mo
      16,117 SF

      Renovated Office Space For Lease

      Renovated office space in high-traffic commuter location with utilities included.
      2330 State Route 32, New Windsor, NY 12553
      View Details
    • $1,600 /Mo

      Newburgh Office Suite For Lease

      Five-room office suite in a well-established Newburgh business complex.
      337 Fullerton Ave, Newburgh, NY 12550
      View Details
    • $1,500 /Mo
      14,810 SF

      Newburgh Office Space For Lease

      Second-floor office suite in prime Newburgh location available for lease.
      231 6Th St, Newburgh, NY 12550
      View Details
    • $550 /Mo
      117,612 SF

      Newburgh Executive Offices For Rent

      Executive offices for rent with utilities included and flexible terms.
      5020 Route 9W, Newburgh, NY 12550
      View Details
    • $4,500 /Mo

      Newburgh Class A Office Space

      Highly visible office space near I-84 and Newburgh Beacon Bridge.
      5020 Us Route 9W, Newburgh, NY 12550
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 2,500 sq ft office space with medical setup.
    Where is this medical office space located?
    The property is located at 244 Broadway Newburgh, NY.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: - High visibility location on Broadway with direct exposure to the main road.; - Approximately 2,500 sq. ft. of professional office space.; - Medical/Dental office setup with multiple exam rooms with water, waiting room, and reception area.
    (845) 913-8247
    Request Owner's contact information
    244 Broadway Newburgh, NY 12550
    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.
    244 Broadway
    Newburgh, NY 12550
    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
    244 Broadway Newburgh, NY 12550
    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
    George K Koudounas
    George K Koudounas
    Real Estate License ID: 30K01024277
    (845) 913-8247 (845) 565-0004
    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!