2 Victory Ct Newburgh, NY 12550
- Office buildings
- 0.54 lot acres
Current Use by Public Records
- Joyce Christina / Physical Therapist
- Matthew Mikesh, PT / Physical Therapist
- Stuart T. Styles, MD / Orthopedic Surgeon
- Dr. Victor T. Khabie, MD / Orthopedic Surgeon
- Dr. Lawrence G. Foster, MD / Orthopedic Surgeon
Property Details for 2 Victory Ct
- Lot size
- 0.54 lot acres
- Property type
- Office buildings
- APN
- 334600 41-1-5.2
- APU
- 33460041152
Description
This exceptional investment opportunity presents a cash-flowing medical office building situated on a 0.54-acre lot at 2 Victory Ct, Newburgh, NY. Currently leased to an established medical tenant under an absolute triple-net lease with approximately eight years remaining on a ten-year term, this property boasts a strong net operating income of $151,845 annually, with a built-in 2% annual escalation clause. The property offers a compelling 7.5% capitalization rate, making it an attractive addition to any investment portfolio. The building itself is in excellent condition and meticulously maintained, ensuring long-term value and minimal operational concerns. Its prime location benefits from high visibility and significant traffic volume, with a daily count of 12,271 vehicles passing by. Convenient access to major transportation arteries is a key advantage, situated just 1.5 miles from I-84 and 4 miles from I-87, providing easy access to Dutchess, Rockland, Westchester counties, New York City, and Northern New Jersey. The building utilizes oil-based heating. This is a rare opportunity to acquire a stable, high-performing asset in a desirable commercial location. The asking price is $1,800,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,485,000
- 6.5%
- $1,585,000
- 7%
- $1,450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,600,000
- Geo Method
- $1,670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,595,000
- Retail
- $1,415,000
- Mixed-Use
- $1,445,000
- Hospitality
- $1,285,000
- Educational
- $1,330,000
- Residential Income
- $1,565,000
- Energy
- $1,240,000
- Income-Based Land
- $1,610,000
- Food Service
- $1,375,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0411
- Latitude
- 41.5378
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
