21 Old Main StFishkill, NY 12524

Property Details for 21 Old Main St

Year built

1988

Property size (Sq ft)

19,360 SF

Property type

Office properties

Property subtype

Office space

Description

This exceptional Class A creative office building, located at 21 Old Main Street in Fishkill, NY, presents a compelling investment opportunity. The 19,360-square-foot property, built in 1988 and extensively renovated in 2023, boasts a strong 6.55% cap rate with a pro-forma rate of 8.00%. The current Net Operating Income (NOI) stands at $150,566, projected to increase to $181,292. The asking price is $2,300,000, translating to $118.80 per square foot. This elevator building offers ample parking with 72 spaces, ensuring convenience for tenants and visitors. Situated in a prime location directly adjacent to All Sport Health and Fitness, and with easy access to Routes 9, 52, and I-84, as well as the Westage Business Center, the property benefits from excellent visibility and accessibility within the heart of Fishkill's business district. The building currently houses a diverse range of high-quality tenants across various industries, including healthcare, law, wellness, and publications. Only two units are currently vacant, both immediately available for occupancy. This property offers a stable tenant base and represents a significant opportunity for portfolio diversification and strong returns. The building features multiple entrances, adding to its functionality and appeal.

Location Insight

City

Fishkill

County

Dutchess

State

New York

Latitude

41.535

Longitude

-73.8963

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