Renovated Professional Office
For Sale
$719,000
313 Fullerton Avenue, Newburgh, NY 12550
SINGLE_FAMILY - Newburgh, NY
Property Size3,000 SF
Lot Size0.22 Acres
Price / SF$239.67
Days on Market48
Property Features for 313 Fullerton Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
CD
Parking
12
Parking features
Driveway, Parking Lot
Elementary school district
Newburgh
Middle school district
Newburgh
High school district
Newburgh
Standard status
Active
APN
331100-006-000-0005-004.000-0000
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11170
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Number of units
6
Building materials
Block, Frame
Listing Agency:
Hudson Valley Home Connection
(914) 213-4259
Listed By:
Melissa M Forsyth · License #10491201874
(914) 213-4259
Added: Jun 19
Changed: Jun 22
Last Checked: Aug 5 at 6:06AM
MLS# 1016034
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully builder-renovated professional office building offers modern office space configured into six individual suites. The improvements include replaced or upgraded windows, doors, flooring, bathrooms, electrical systems, common areas, and a fully renovated elevator. The building is fully handicapped accessible and includes an oversized lobby area with elevator access to all levels. Each suite is separately metered with its own electric service and independent heating and cooling systems, and the property also includes a Generac generator. Layout and finishes support a professional environment with low-maintenance deferred maintenance concerns noted for the renovated condition.
Located at 313 Fullerton Avenue in the City of Newburgh, the property sits among established medical and professional businesses, providing a tenant mix aligned with professional office uses. The building features private off-street parking.
For tenants, the suite-by-suite metering and independent HVAC offer practical control over utility usage. For buyers and owner-users, the six-suite structure supports occupying part of the building while leasing the remaining suites. The offering is presented as a turnkey investment opportunity, with projected gross rental income exceeding $7,000 per month when fully leased, and projected annual gross income over $84,000.
Located at 313 Fullerton Avenue in the City of Newburgh, the property sits among established medical and professional businesses, providing a tenant mix aligned with professional office uses. The building features private off-street parking.
For tenants, the suite-by-suite metering and independent HVAC offer practical control over utility usage. For buyers and owner-users, the six-suite structure supports occupying part of the building while leasing the remaining suites. The offering is presented as a turnkey investment opportunity, with projected gross rental income exceeding $7,000 per month when fully leased, and projected annual gross income over $84,000.
Key Highlights
- Over 3,000 SF renovated professional office building with six individual office suites
- Projected gross rental income exceeding $7,000 per month and over $84,000 annually when fully leased
- Separate electric service and individually metered utilities for each suite, with independent heating and cooling systems
Financial Insights For Healthcare Medical
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 | $100.8k | $33.60 |
| − Vacancy | −$11.9k | −$3.96 |
| EGI | $88.9k | $29.64 |
| − OpEx | −$35.6k | −$11.85 |
| NOI | $53.3k | $17.78 |
3,000 SF · lease $33.60/SF/yr · vacancy 11.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 7.42%
Second Best
Office B
$717.1K
$627.5K – $836.6K
NOI $50,198 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Turnkey, fully renovated six-suite office building with separate electric metering and independent HVAC for each unit.
Where is this office building located?
The property is located at 313 Fullerton Avenue Newburgh, NY.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Over 3,000 SF renovated professional office building with six individual office suites; Projected gross rental income exceeding $7,000 per month and over $84,000 annually when fully leased; Separate electric service and individually metered utilities for each suite, with independent heating and cooling systems
