4 Corwin CtNewburgh, NY 12550

Property Details for 4 Corwin Ct

Year built

1995

Lot size

1.10 AC

Property size (Sq ft)

10,200 SF

Zone code

CD

Property type

Office buildings

APN

331100 41-2-15

APU

33110041215

Description

This exceptional 10,200-square-foot mixed-use building in Newburgh, New York, presents a unique investment opportunity. Situated on 1.1 acres of land, this single-tenant property boasts a prime location with convenient access to I-84/NYS Thruway and proximity to Stewart International Airport (less than 5 miles). Built in 1995, the building features a flexible floor plan adaptable to various business needs. The space includes multiple private offices of varying sizes, several conference rooms, private bathrooms, and a large break room, catering to diverse organizational structures. Ample surface parking is available with 50 spaces provided. The property is zoned CD and is located in Orange County, New York, with the address being 4 Corwin Ct, Newburgh, NY 12550. Its strategic location offers employees and clients easy access to the vibrant downtown Newburgh Waterfront, known for its diverse culinary scene, breweries, and entertainment options. This presents a compelling opportunity for a professional organization or company seeking a well-appointed and conveniently located office space. The building's single-tenant occupancy simplifies management and provides a stable investment prospect. This property is ideal for businesses seeking a blend of functionality, convenience, and a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,861,337

  6.5%

  $1,718,158

  7%

  $1,595,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,334,538

  Geo Method

  $1,332,732

• Alternative Use

  Use

  Valuation

  Residential

  $2,130,515

  Hospitality

  $1,951,541

  Educational

  $1,623,659

  Medical

  $1,679,499

  Retail

  $2,525,692

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.4948

Longitude

-74.0444

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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