70 Pleasant Hill Road New Windsor, NY 12553
New
- Added:
- May 7, 2026
- Days on Market:
- 2
- Last Refresh:
- May 8 at 6:06 am
Property Features for 70 Pleasant Hill Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking
- 95
- Parking features
- Parking Lot
- Security features
- Security System
- Basement
- Partially Finished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 332489-034-000-0001-005.100-0000
- Lot size
- 4.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 46576
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Oil
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1985
- Floors in Building
- 3
- Flooring type
- Carpet, Tile - Ceramic
Listing agent Jason L McGovern License #10301205773,NEWYORK (914) 760-7331
Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY (845) 610-6065
Listing date May 7, 2026
MLS# 969964
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.
HighLights
- 100% leased Class A office building with long‑term NNN lease to Tectonic Engineering Headquarters, providing stable income.
- Strong net‑lease income structure with tenant reimbursements, plus minimal landlord responsibilities.
- Additional passive revenue from two long‑term rooftop cell tower leases with Verizon and TMobile, including annual lease increases.
- Reported 2025 Net Operating Income (NOI) of $478,752 reflecting a 6.6% cap rate, with a proforma 2026 NOI of $490,658 reflecting a 6.8% cap rate.
- Recent capital improvements including a new HVAC system and a roof replacement completed two years ago.
- Potential for a 10,000 sq ft building expansion (subject to zoning approvals) offering future upside.
Overview
Fully Leased Investment Opportunity
This fully leased commercial investment opportunity is located in Cornwall, NY, adjacent to and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3-story building through a NNN lease that runs through October 31, 2029, with built-in increases and a 5-year option to extend. The tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot, and HVAC replacement. New HVAC is currently being installed. Additional passive revenue is generated from two long-term rooftop cell tower leases with major telecommunications carriers, Verizon and TMobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752, reflecting a cap rate of 6.6%. The 2026 proforma NOI is $490,658, reflecting an increase to a 6.8% cap rate. Situated on a 4.9-acre parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A roof replacement was completed two years ago, enhancing the property's long-term reliability and minimizing deferred maintenance expense.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- New Windsor
- County
- Orange
- State
- New York
- Longitude
- -74.072281
- Latitude
- 41.423509
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office building with long-term tenant and expansion potential.
Where is this office building located?
The property is located at 70 Pleasant Hill Road New Windsor, NY.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 100% leased Class A office building with long‑term NNN lease to Tectonic Engineering Headquarters, providing stable income.; Strong net‑lease income structure with tenant reimbursements, plus minimal landlord responsibilities.; Additional passive revenue from two long‑term rooftop cell tower leases with Verizon and TMobile, including annual lease increases.
