Fully Leased Commercial
For Sale
$2,000,000
471 Broadway, Newburgh, NY 12550
Commercial property with established tenants in a high-traffic area.
Property Size20,016 SF
Lot Size0.22 Acres
Days on Market266
Property Features for 471 Broadway
General Information
Standard status
Active
Size
20,016 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,512
Building Details
Building Size
20,016 SF
Year Built
1960
Stories
2
Listing Agency:
HARBOR GRAY REAL ESTATE LLC
(347) 320-0673
Listed By:
Antonio E. Sanchez · License #10491212990
(347) 320-0673
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 20 at 11:53AM
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 HARBOR GRAY REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Available for sale are the properties located at 467, 469, 471, and 473 Broadway. This commercial property is fully leased with established anchor tenants, including the United States Post Office and H&R Block. Situated in a high-traffic area, this property offers steady income and strong tenant appeal. The ground floor features the Post Office, complete with a dedicated loading dock area. The second floor provides additional income potential with multi-office spaces available for lease, suitable for professional or creative businesses. The property also features a back parking lot with 36 parking spaces. This property is suitable for investors looking to acquire a well-maintained, income-generating asset in a thriving commercial corridor.
Key Highlights
- Fully leased commercial property with established anchor tenants: US Post Office and H&R Block
- High‑traffic location guaranteeing steady income
- Spacious back parking lot with 36 spaces
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
$174,019
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
8.70%
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%
$3,480,380
$3.5M
Cap Rate 7%
$2,485,986
$2.5M
Cap Rate 9%
$1,933,544
$1.9M
Market Conditions
NOI Build-Up for 20,016 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
$240.2K $12.00/SF
− Vacancy
−$8.2K −$0.41/SF
EGI
$232.0K $11.59/SF
− OpEx
−$58.0K −$2.90/SF
NOI
$174.0K $8.69/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,480,380
Cap Rate 7%
$2,485,986
Cap Rate 9%
$1,933,544
Alternative Uses
Best Use
Retail
$3.48M
$3.05M – $4.06M
NOI $243,627 @ 7.0% cap · market cap 12.18%
Second Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,019 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$6.78M
$5.93M – $7.91M
NOI $474,543 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,184
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Commercial property with established tenants in a high-traffic area.
Where is this bank located?
The property is located at 471 Broadway Newburgh, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully leased commercial property with established anchor tenants: US Post Office and H&R Block; High‑traffic location guaranteeing steady income; Spacious back parking lot with 36 spaces
