2 Lafayette CtFishkill, NY 12524

Property Details for 2 Lafayette Ct

Year built

2002

Lot size

4.86 AC

Property size (Sq ft)

3,276 SF

Zone code

R20

Property type

Showrooms

APN

133089 6256-04-909429-0000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a fully leased, income-generating office building located at 2 Lafayette Ct, Fishkill, NY. Currently housing a large, established dental practice, the property boasts a triple-net lease with three years remaining on the initial five-year term, followed by two additional five-year options. This translates to a secure, predictable income stream for the new owner with minimal management responsibilities. The building, originally constructed in 2003 by the current owner, is situated on land held under a 99-year lease, leaving a substantial 79 years remaining for the buyer. The property is offered at $2,000,000. A fixed common area fee of $895.50 is in place. This sale includes the building and the associated land lease. Note that this property is being sold as a package with MLS#416441. All information should be independently verified by the buyer. This is a rare chance to acquire a stable, high-return commercial property with significant long-term potential. The property's strong tenant and favorable lease terms make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $878,487

  6.5%

  $810,911

  7%

  $752,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,080,123

  Geo Method

  $1,078,666

• Alternative Use

  Use

  Valuation

  Residential

  $684,034

  Hospitality

  $626,571

  Educational

  $521,300

  Medical

  $539,228

  Retail

  $810,911

Location Insight

City

Fishkill

County

Dutchess

State

New York

Latitude

41.548

Longitude

-73.8613

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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