Technical
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Property profile

21 Old Main St Fishkill, NY 12524

OFF-MARKET
Office Spaces
19,360 SF Built 1988
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Property summary

AI-generated overview

This exceptional Class A creative office building, located at 21 Old Main Street in Fishkill, NY, presents a compelling investment opportunity. The 19,360-square-foot property, built in 1988 and extensively renovated in 2023, boasts a strong 6.55% cap rate with a pro-forma rate of 8.00%. The current Net Operating Income (NOI) stands at $150,566, projected to increase to $181,292. The asking price is $2,300,000, translating to $118.80 per square foot. This elevator building offers ample parking with 72 spaces, ensuring convenience for tenants and visitors. Situated in a prime location directly adjacent to All Sport Health and Fitness, and with easy access to Routes 9, 52, and I-84, as well as the Westage Business Center, the property benefits from excellent visibility and accessibility within the heart of Fishkill's business district. The building currently houses a diverse range of high-quality tenants across various industries, including healthcare, law, wellness, and publications. Only two units are currently vacant, both immediately available for occupancy. This property offers a stable tenant base and represents a significant opportunity for portfolio diversification and strong returns. The building features multiple entrances, adding to its functionality and appeal.

Property profile

Verified
Property type Office Spaces
Year built 1988
Total area 19,360 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hospital
  • Physician
  • Gym & Fitness Center Alternative Medicine Practice
  • Law Firm
  • Alternative Medicine Practice Spa & Massage Center

Location

21 Old Main St Fishkill, NY 12524
Fishkill metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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