Flexible Mixed-Use
For Sale
Contact for pricing
88 Lake Street, Newburgh, NY 12550
The interior can be configured as separate suites or retained as one large facility.
Property Size17,700 SF
Price / SF$0.68
Days on Market29
Property Features for 88 Lake Street
General Information
Standard status
Active
Size
17,700 SF
Property subtype
Mixed Use
Building Details
Buildings
1
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 2
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 88 Lake Street in Newburgh, this mixed-use building contains more than 10,000 square feet. It previously housed a children’s daycare and school, and the interior can be arranged as individual suites or used as a single facility.
Key Highlights
- More than 10,000 square feet of building area
- Previously used as a children’s daycare and school
- Can be arranged as separate suites or as one facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,123
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,082,460
$3.1M
Cap Rate 7%
$2,201,757
$2.2M
Cap Rate 9%
$1,712,478
$1.7M
Market Conditions
NOI Build-Up for 17,700 SF
Gross rent
$286.7K $16.20/SF
− Vacancy
−$40.1K −$2.27/SF
EGI
$246.6K $13.93/SF
− OpEx
−$92.5K −$5.22/SF
NOI
$154.1K $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 Rate 5%
$3,082,460
Cap Rate 7%
$2,201,757
Cap Rate 9%
$1,712,478
Alternative Uses
Best Use
Mixed Use
$2.20M
$1.93M – $2.57M
NOI $154,123 @ 7.0% cap · market cap 1,289.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.99M
$5.25M – $6.99M
NOI $419,634 @ 7.0% cap · market cap 3,511.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,193
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The interior can be configured as separate suites or retained as one large facility.
Where is this mixed-use property located?
The property is located at 88 Lake Street Newburgh, NY.
What are key features of this property?
This property features: More than 10,000 square feet of building area; Previously used as a children’s daycare and school; Can be arranged as separate suites or as one facility
