85 Crystal Run RdMiddletown, NY 10941

Property Details for 85 Crystal Run Rd

Year built

1989

Lot size

20.60 AC

Property size (Sq ft)

170,000 SF

Zone code

O/R

Property type

Office buildings

APN

335200 60-1-50.21

APU

3352006015021

Description

This premier Class A, four-story medical office building, totaling 164,070 square feet, offers 87,461 square feet of immediately available space in multiple suites ranging from 3,500 to 42,631 contiguous square feet. Located in the Crystal Run Corporate Park in Orange County, New York, this property boasts a highly desirable location at the intersection of I-84 and Route 17, providing exceptional access to a large workforce pool. Built in 1990 and extensively renovated in 2022, the building features a 14-foot ceiling height, 2000 KVA power capacity (11.5 watts/sf), and elevators. The 20.6-acre site offers ample parking with a generous 4.9 spaces per 1,000 square feet. The property is zoned O/R and includes 807 parking spaces. Turnkey suites are available, accommodating over 500 employees with existing furniture in place. This exceptional opportunity presents a unique chance to secure high-quality office space in a thriving commercial and medical corridor within one of New York State's fastest-growing counties. The building has five total suites. Virtual tours are available for several suites.

• CAP approach

  CAP return

  Valuation

  6%

  $42,230,636

  6.5%

  $38,982,124

  7%

  $36,197,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,361,504

  Geo Method

  $22,212,200

• Alternative Use

  Use

  Valuation

  Residential

  $48,337,836

  Hospitality

  $44,277,196

  Educational

  $36,838,108

  Medical

  $38,105,028

  Retail

  $57,303,724

Location Insight

City

Middletown

County

Orange

State

New York

Latitude

41.4499

Longitude

-74.361

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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