21 Plank RdNewburgh, NY 12550

Property Details for 21 Plank Rd

Lot size

1.20 AC

Property type

Office buildings

APN

334600 75-1-14

APU

33460075114

Description

This two-story Class C office building offers immediate occupancy in multiple suites, perfectly situated off I-84's Newburgh exit. The building features a convenient split-level design with various office spaces ranging from 100 square feet to smaller units on the lower level. Utilities are included, encompassing heat, water, electricity, building maintenance, and snow removal. Shared amenities include a waiting area, restrooms, and a parking lot with 20 spaces, along with a handicap-accessible ramp. The building's central location makes it easily accessible for clients and employees. This is an ideal setting for a variety of professional services, such as accounting or therapy practices. Available spaces are ready for immediate move-in. Lease terms require first month's rent and a one-month security deposit upon signing.

• CAP approach

  CAP return

  Valuation

  6%

  $9,538,747

  6.5%

  $8,804,997

  7%

  $8,176,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,839,117

  Geo Method

  $6,829,860

• Alternative Use

  Use

  Valuation

  Residential

  $10,918,197

  Hospitality

  $10,001,009

  Educational

  $8,320,722

  Medical

  $8,606,885

  Retail

  $12,943,346

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.521

Longitude

-74.0257

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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