2 Victory Court Newburgh NY, 12550 Newburgh
$1,800,000
ML# H6304165
Property Picture

Cash flowing investment property with an established medical tenant. The property produces $151, 845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12, 271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc...

    Presented by Judy Fruitbine
    Judy Fruitbine - judy.fruitbine@elliman.com