Remodeled Office
For Sale
$750,000
270 Quassaick Avenue, New Windsor, NY 12553
Remodeled commercial office property with an upstairs caretaker residence and parking at both the front and rear.
Property Size3,600 SF
Price / SF$208.33
Days on Market8
Property Features for 270 Quassaick Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,337
Amenities
Baseboard Heating
Propane Heating
Solar Heating
Building Details
Year Built
1969
Buildings
1
Building Size
3,600 SF
Listing Agency:
RAND COMMERCIAL
(845) 294-3100
Listed By:
MARION BRUHNS
Source:
Corcoran
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 6 at 4:10AM
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 RAND COMMERCIAL
Investment Insights
Based on property information with market context.
This approximately 3,600-square-foot office building was remodeled and includes caretaker quarters on the upper level. The former medical-office layout provides a substantial waiting area, reception space, private offices, exam rooms, and a recreation lounge, offering a range of established work and service areas within the building.
Parking is available in both the front and rear of the property. The building is located on Quassaick Avenue in New Windsor, near major shopping, restaurants, and the Hudson River waterfront. Constructed in 1969, the property can accommodate a variety of office-oriented business uses supported by its existing configuration.
Parking is available in both the front and rear of the property. The building is located on Quassaick Avenue in New Windsor, near major shopping, restaurants, and the Hudson River waterfront. Constructed in 1969, the property can accommodate a variety of office-oriented business uses supported by its existing configuration.
Key Highlights
- Approximately 3600 sq. ft. office building
- Remodeled interior with upstairs caretaker quarters
- Former medical‑office layout with waiting, reception, office, and exam areas
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
$64,012
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
8.53%
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%
$1,280,240
$1.3M
Cap Rate 7%
$914,457
$914.5K
Cap Rate 9%
$711,244
$711.2K
Market Conditions
NOI Build-Up for 3,600 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
$121.0K $33.60/SF
− Vacancy
−$14.3K −$3.96/SF
EGI
$106.7K $29.64/SF
− OpEx
−$42.7K −$11.85/SF
NOI
$64.0K $17.78/SF
Area
Orange County, NY
Vacancy
11.80%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,280,240
Cap Rate 7%
$914,457
Cap Rate 9%
$711,244
Alternative Uses
Best Use
Healthcare Medical
$914.5K
$800.2K – $1.07M
NOI $64,012 @ 7.0% cap · market cap 8.53%
Second Best
Office B
$860.5K
$753.0K – $1.00M
NOI $60,238 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,349 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled commercial office property with an upstairs caretaker residence and parking at both the front and rear.
Where is this office building located?
The property is located at 270 Quassaick Avenue New Windsor, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3600 sq. ft. office building; Remodeled interior with upstairs caretaker quarters; Former medical‑office layout with waiting, reception, office, and exam areas
