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Property profile

4 Corwin Ct Newburgh, NY 12550

Office buildings
Property ID
US63-1595078
View Sample
10,200 SF 1.1 ac lot Built 1995
Entity Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 10,200-square-foot mixed-use building in Newburgh, New York, presents a unique investment opportunity. Situated on 1.1 acres of land, this single-tenant property boasts a prime location with convenient access to I-84/NYS Thruway and proximity to Stewart International Airport (less than 5 miles). Built in 1995, the building features a flexible floor plan adaptable to various business needs. The space includes multiple private offices of varying sizes, several conference rooms, private bathrooms, and a large break room, catering to diverse organizational structures. Ample surface parking is available with 50 spaces provided. The property is zoned CD and is located in Orange County, New York, with the address being 4 Corwin Ct, Newburgh, NY 12550. Its strategic location offers employees and clients easy access to the vibrant downtown Newburgh Waterfront, known for its diverse culinary scene, breweries, and entertainment options. This presents a compelling opportunity for a professional organization or company seeking a well-appointed and conveniently located office space. The building's single-tenant occupancy simplifies management and provides a stable investment prospect. This property is ideal for businesses seeking a blend of functionality, convenience, and a desirable location.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1995
Total area 10,200 SF
Lot 1.1 ac (47,916 SF)
Zoning code CD
APN 331100 41-2-15
UPID US63-1595078

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
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.26M

Owner & transaction history

since 2019
1 recorded transaction
2019
$400,000

Zoning & alternative use

CD · Newburgh, NY
Zoning description

This zoning district is intended to include parks, open space, recreational facilities, parking lot, community parking lot, professional office, personal services, retail, neighborhood retail

General category COMMERCIAL

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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