Two-Story Mixed-Use Building with
For Sale
$350,000
58 MONUMENT ST, Newburgh, NY 12550
Configured with meeting, kitchen, storage, and upper-level rooms, with potential apartment conversion subject to city approval.
Property Size2,250 SF
Price / SF$155.56
Days on Market12
Property Features for 58 MONUMENT ST
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
6
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,717
Amenities
3
Parking. Corner Lot.
6 Parking Spaces. Garage, On Street.
Level
In City, Corner, Clear lot, Level.
Building Details
Stories
2
Tenancy
Single
Listing Agency:
RE/MAX Benchmark Realty Group
(845) 565-0004
Listed By:
Frank Gerbes
(845) 565-0004
Source:
Xome
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 30 at 2:15PM
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 RE/MAX Benchmark Realty Group
Investment Insights
Based on property information with market context.
This two-story mixed-use building is currently used by the Washington Heights Association and includes a large meeting room with vinyl flooring, a drop ceiling, and integrated lighting. The kitchen is equipped with a commercial gas stove, dual ovens, a custom vent hood, dual sinks, a workstation, a storage closet, and access to the front of the building. An updated unisex bathroom and an additional storage room are also provided.
The upper level features hardwood flooring, drop ceilings with integrated lighting, two large rooms, and a bathroom. The property includes garage space and on-street parking, sits on a level corner lot, and is located in the city. With city approval, the second level could be converted into an apartment.
The upper level features hardwood flooring, drop ceilings with integrated lighting, two large rooms, and a bathroom. The property includes garage space and on-street parking, sits on a level corner lot, and is located in the city. With city approval, the second level could be converted into an apartment.
Key Highlights
- Two‑story mixed‑use building currently used by the Washington Heights Association
- Large meeting room with vinyl flooring, drop ceiling, and integrated lighting
- Commercial kitchen with gas stove, dual ovens, custom vent hood, dual sinks, and workstation
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
$19,592
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
5.60%
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%
$391,840
$391.8K
Cap Rate 7%
$279,886
$279.9K
Cap Rate 9%
$217,689
$217.7K
Market Conditions
NOI Build-Up for 2,250 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
$36.5K $16.20/SF
− Vacancy
−$5.1K −$2.27/SF
EGI
$31.3K $13.93/SF
− OpEx
−$11.8K −$5.22/SF
NOI
$19.6K $8.71/SF
Area
Orange County, NY
Vacancy
14.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$391,840
Cap Rate 7%
$279,886
Cap Rate 9%
$217,689
Alternative Uses
Best Use
Mixed Use
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,271
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Configured with meeting, kitchen, storage, and upper-level rooms, with potential apartment conversion subject to city approval.
Where is this mixed-use property located?
The property is located at 58 MONUMENT ST Newburgh, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑story mixed‑use building currently used by the Washington Heights Association; Large meeting room with vinyl flooring, drop ceiling, and integrated lighting; Commercial kitchen with gas stove, dual ovens, custom vent hood, dual sinks, and workstation
