563 Reed St New Windsor, NY 12553

This exceptional investment opportunity presents a leasehold interest in a 25,272-square-foot executive office building located at 563 Reed St, New Windsor, NY 12553. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $523,265, supported by a 100% occupancy rate. The tenant is the New York State Department of Corrections and Community Supervision (NYSDOCCS), providing an AA+ credit tenant with a leasehold term exceeding six years. A significant advantage is the 75+ years remaining on the ground lease with the Town of New Windsor. The three-story building, constructed in 1942 and extensively renovated in 2021 (including a new roof, furnaces, fire alarm system, and interior upgrades), features masonry construction and a large rear parking lot. Its strategic location adjacent to New York Stewart International Airport, with convenient access to major highways (I-84/I-87), places it within a thriving office, industrial, and logistics corridor. The surrounding area demonstrates strong demographics, with a population exceeding 200,000 within a 10-mile radius and an average household income exceeding $103,000 within a 5-mile radius. The property's proximity to both New York City (one hour) and Albany (90 minutes) further enhances its appeal. This is a rare opportunity to acquire a high-quality, income-producing asset with a secure, long-term tenant and significant upside potential. The asking price is $5,980,171. The 1.2-acre lot provides ample space.