Property profile

2 Lafayette Ct Fishkill, NY 12524

FOR SALE
Showrooms
Property ID
US63-1010300
3,276 SF 4.86 ac lot Built 2002
Entity Owned 25-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, income-generating office building located at 2 Lafayette Ct, Fishkill, NY. Currently housing a large, established dental practice, the property boasts a triple-net lease with three years remaining on the initial five-year term, followed by two additional five-year options. This translates to a secure, predictable income stream for the new owner with minimal management responsibilities. The building, originally constructed in 2003 by the current owner, is situated on land held under a 99-year lease, leaving a substantial 79 years remaining for the buyer. The property is offered at $2,000,000. A fixed common area fee of $895.50 is in place. This sale includes the building and the associated land lease. Note that this property is being sold as a package with MLS#416441. All information should be independently verified by the buyer. This is a rare chance to acquire a stable, high-return commercial property with significant long-term potential. The property's strong tenant and favorable lease terms make it an ideal addition to any investment portfolio.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2002
Total area 3,276 SF
Lot 4.86 ac (211,702 SF)
Zoning code R20
APN 133089 6256-04-909429-0000
UPID US63-1010300

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
  • Dental Office
  • Dental Office
  • Dental Office

Location

2 Lafayette Ct Fishkill, NY 12524
Fishkill metro Census 60301 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
$610k
Comparable Approach Comparable
$650k
Blend (final) Blend
$550k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

R20 · Fishkill, NY
Top alternative use upside
Auto repair, garage $525,000 +17.0%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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