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Property profile & analytics
OFF-MARKET
Investment properties

27 Carpenter Ave Middletown, NY 10940-2401

2,250 SF 0.43 ac lot Built 2008
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-0999857
Property summary
AI-generated overview

This exceptional investment property located at 27 Carpenter Avenue in Middletown, New York, presents a compelling opportunity for discerning investors. The building is currently 100% occupied, generating consistent rental income. One half of the building is leased to a single tenant under a long-term agreement, providing stability and predictable cash flow. The remaining half is comprised of five individual office spaces, each currently leased for $550 or more per month on full-service leases. These leases ensure a diversified tenant base and further enhance the property's income potential. Shared amenities for all tenants include a spacious kitchenette, a restroom, and a comfortable waiting area. The property's strong occupancy rate and established rental income stream make it an attractive investment with significant potential for future growth and appreciation. This is a turnkey operation, ideal for a passive investor seeking a reliable and profitable addition to their portfolio. Further details regarding the existing leases are available upon request. This is a rare opportunity to acquire a fully-leased, income-producing office building in a desirable location. Don't miss out on this exceptional investment opportunity.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2008
Total area 2,250 SF
Lot 0.43 ac (18,750 SF)
Zoning code HC
APN 335200 74-10-2.1
UPID US63-0999857
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mercedes Law PC Law Firm
  • Life Credit Solutions INC Consultant
  • Adel-Co Ent. Inc. Real Estate Real Estate Agency
  • Laser Hair Removal & Skincare Skin Care Clinic
  • Mercedes Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Perilla LLC · 2 yrs held
Perilla LLC
since 2024
Last sale
$480,000
7 recorded transactions
2024
$480,000
2018
Price N/A
2011
Price N/A
2011
Price N/A
2007
$145,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
HC · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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