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    FOR SALE
    Office buildings

    410 E Main St, Middletown, NY 10940

    3,600 SF 0.26 ac lot Built 1920
    Entity Owned Free & Clear
    Property ID
    US63-1308974
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 100% occupied office building ideally situated on the high-traffic E Main St/Crystal Run corridor in Middletown, NY. The property, encompassing a 0.26-acre corner lot, boasts a prime location with a private parking lot situated behind the building. Currently configured as a sale-leaseback, the seller, an established law firm occupying the first floor, intends to remain a tenant. The second floor is fully leased to two new tenants. Tenant 1 contributes $1,100 per month, and Tenant 2 pays $1,400 per month, both responsible for their respective utilities and cleaning. The building is in excellent condition, reflecting recent upgrades including brand new air conditioning units, a fresh coat of paint, and a newly resurfaced parking lot. There is no deferred maintenance. A full basement provides ample storage, currently used for file storage. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property with strong, existing rental income and a long-term tenant in place. The property's location and condition make it an attractive investment for discerning buyers. The asking price is $1,400,000.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1920
    Total area 3,600 SF
    Lot 0.26 ac (11,224 SF)
    Zoning code HC
    APN 335200 75-7-1.2
    UPID US63-1308974
    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
    • Ouimette Goldstein & Andrews: Lahey Paul A Law Firm
    • Adams Edie A Law Firm
    • Ronald S Kossar Law Office Law Firm
    • Panchyshyn Eva M Law Firm
    • Ouimette Goldstein & Andrews: Dauerer Louis M Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $566k
    Blend (final) Blend
    $540k
    Owner & transaction history
    KGO ASSOCIATES
    KGO ASSOCIATES
    Zoning & alternative use
    HC · Middletown, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $745,000 +8.4%
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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