237 Hudson StCornwall-on-Hudson, NY 12520

Property Details for 237 Hudson St

Year built

1950

Lot size

0.29 AC

Property size (Sq ft)

8,216 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Investment properties

Property subtype

Retail residential properties

APN

332401 107-2-4

APU

33240110724

Description

This exceptional 6,800 square foot retail storefront at 237 Hudson Street in Cornwall-on-Hudson, New York, presents a compelling investment opportunity. Located in the heart of downtown, this property boasts excellent visibility and exposure, ensuring high foot traffic. Currently fully leased and anchored by the United States Postal Service (USPS), this building offers a strong net operating income (NOI). The USPS lease includes off-street parking, providing convenient access for both tenants and customers. The property's prime location offers easy access to Route 9W and the United States Military Academy at West Point, further enhancing its appeal and potential for future growth. This is a rare chance to acquire a stable, income-producing retail property in a desirable location. The building is immediately available for sale, making it an attractive option for investors seeking a turnkey investment with a strong tenant and proven performance. Situated in Orange County, New York, with a zip code of 12520, this property is conveniently located at 41.4444397 latitude and -74.0151624 longitude. The building's size and location make it ideal for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,858,807

  6.5%

  $1,715,822

  7%

  $1,593,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,666,180

  Geo Method

  $1,663,929

• Alternative Use

  Use

  Valuation

  Residential

  $1,715,822

  Hospitality

  $1,571,683

  Educational

  $1,307,622

  Medical

  $1,352,593

  Retail

  $2,034,079

Location Insight

City

Cornwall On Hudson

County

Orange

State

New York

Latitude

41.4444

Longitude

-74.015

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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