Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

563 Reed St New Windsor, NY 12553

  • Commercial real estate
  • 25,272 SF
  • 1.20 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-3526955
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 563 Reed St

Year built
1942
Lot size
1.20 lot acres
Property size
25,272 SF
Property type
Commercial real estate

Description

This exceptional investment opportunity presents a leasehold interest in a 25,272-square-foot executive office building located at 563 Reed St, New Windsor, NY 12553. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $523,265, supported by a 100% occupancy rate. The tenant is the New York State Department of Corrections and Community Supervision (NYSDOCCS), providing an AA+ credit tenant with a leasehold term exceeding six years. A significant advantage is the 75+ years remaining on the ground lease with the Town of New Windsor. The three-story building, constructed in 1942 and extensively renovated in 2021 (including a new roof, furnaces, fire alarm system, and interior upgrades), features masonry construction and a large rear parking lot. Its strategic location adjacent to New York Stewart International Airport, with convenient access to major highways (I-84/I-87), places it within a thriving office, industrial, and logistics corridor. The surrounding area demonstrates strong demographics, with a population exceeding 200,000 within a 10-mile radius and an average household income exceeding $103,000 within a 5-mile radius. The property's proximity to both New York City (one hour) and Albany (90 minutes) further enhances its appeal. This is a rare opportunity to acquire a high-quality, income-producing asset with a secure, long-term tenant and significant upside potential. The asking price is $5,980,171. The 1.2-acre lot provides ample space.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
New Windsor
County
Orange
State
New York
Longitude
-74.108641
Latitude
41.49767
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message