For Sale
$2,500,000

7 Elmwood DrNew City, NY 10956

Prime New City Office Complex: High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
111
This exceptional investment opportunity presents a fully occupied, two-building executive office complex in desirable New City, NY. The property consists of 13,000 square feet across three stories, encompassing twelve units spread across 7 Elmwood Dr. and 8 Horseshoe Dr. Both buildings boast 100% occupancy, generating a substantial net operating income (NOI) of $170,000 and a compelling 6.80% capitalization rate. The asking price is $2,500,000. Conveniently located near the courthouse and Main Street, the property features an elevator and ample parking. The 0.53-acre lot is zoned PO, providing flexibility for future development. This multi-tenant, gross lease property offers a stable and reliable income stream, making it an ideal addition to any commercial real estate portfolio. The property's prime location and strong tenant base ensure a secure and profitable investment. The included APN is 392089-043-015-0002-018-000-0000. This is a turnkey investment ready for immediate income generation.

Highlights

  • Investment Property: Yes
  • Contract Type: Exclusive Right to Sell
  • Total Units: 12
  • Number of Buildings: 2

Property Details for 7 Elmwood Dr

Property type
Office properties
Square Feet
13,000 SF
Buildings
2
Stories
3
Lot Size (sq. ft)
23,087 SF
Units
12

Location Insight

City
New City
County
Rockland
State
New York
Latitude
41.1474594
Longitude
-73.9857564
7 Elmwood Dr, New City, New York

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7 Elmwood Dr
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