7 Elmwood Dr New City, NY 10956-5136
- Office buildings
- 15,264 SF
- 0.53 lot acres
Current Use by Public Records
- Dr. Alissa L. Hersh, MD / Pediatrician
- Allergy Associates / Allergist / Medical Clinic
- Auctus Risk Services / Investment Service
- North Carolina Recreational Therapy Association / Association / Organization
- Davis William J MD / Allergist
Property Details for 7 Elmwood Dr
- Year built
- 1970
- Lot size
- 0.53 lot acres
- Property size
- 15,264 SF
- Zone code
- PO
- Property type
- Office buildings
- APN
- 392089 43.15-2-18
- APU
- 3920894315218
Description
This exceptional investment opportunity presents a fully occupied, two-building executive office complex in desirable New City, NY. The property consists of 13,000 square feet across three stories, encompassing twelve units spread across 7 Elmwood Dr. and 8 Horseshoe Dr. Both buildings boast 100% occupancy, generating a substantial net operating income (NOI) of $170,000 and a compelling 6.80% capitalization rate. The asking price is $2,500,000. Conveniently located near the courthouse and Main Street, the property features an elevator and ample parking. The 0.53-acre lot is zoned PO, providing flexibility for future development. This multi-tenant, gross lease property offers a stable and reliable income stream, making it an ideal addition to any commercial real estate portfolio. The property's prime location and strong tenant base ensure a secure and profitable investment. The included APN is 392089-043-015-0002-018-000-0000. This is a turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New City
- County
- Rockland
- State
- New York
- Longitude
- -73.9857
- Latitude
- 41.1476
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
