410 Main StMiddletown, NY 10940

Property Details for 410 Main St

Year built

1920

Lot size

0.26 AC

Property size (Sq ft)

3,600 SF

Zone code

HC

Property type

Office buildings

APN

335200 75-7-1.2

APU

33520075712

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $894,296

  6.5%

  $825,504

  7%

  $766,539

• Comparable approach

  Method

  Valuation

  Relative Method

  $473,538

  Geo Method

  $470,376

• Alternative Use

  Use

  Valuation

  Residential

  $1,023,625

  Hospitality

  $937,635

  Educational

  $780,101

  Medical

  $806,930

  Retail

  $1,213,491

Location Insight

City

Middletown

County

Orange

State

New York

Latitude

41.4442

Longitude

-74.3943

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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