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225 Dolson Ave
7,326 SF Office Condo Unit Offered at $700,000 in Middletown, NY 10940
Property Facts
| Price | $700,000 | Floors | 4 |
| Unit Size | 7,326 SF | Typical Floor Size | 1,832 SF |
| No. Units | 1 | Year Built | 1992 |
| Total Building Size | 35,200 SF | Lot Size | 1.85 AC |
| Property Type | Office (Condo) | Parking Ratio | 21.16/1,000 SF |
| Sale Type | Investment or Owner User | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $700,000 |
| Unit Size | 7,326 SF |
| No. Units | 1 |
| Total Building Size | 35,200 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment or Owner User |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 1,832 SF |
| Year Built | 1992 |
| Lot Size | 1.85 AC |
| Parking Ratio | 21.16/1,000 SF |
| Opportunity Zone |
Yes |
1 Unit Available
Unit A
| Unit Size | 7,326 SF | Sale Type | Investment or Owner User |
| Price | $700,000 | Cap Rate | 10.12% |
| Price Per SF | $95.55 | NOI | $70,840 |
| Condo Use | Office |
| Unit Size | 7,326 SF |
| Price | $700,000 |
| Price Per SF | $95.55 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.12% |
| NOI | $70,840 |
Description
The basement level of the building is what is for sale. The current property owner completely improved the space into multiple, affordable rental offices which all share: (i) a waiting/reception area, (ii) a large conference room (available to be reserved on a first come first serve basis), several restrooms, and a shared break room. 18 out of 23 spaces are currently rented. Owner may use vacant spaces for their own use or may rent out for increased cap rate. There is a building HOA that manages snow removal, landscaping, and property issues. There is an elevator to the lower level as well. Please note, showings will only be permitted once an initial accepted offer has been agreed. Offers should be submitted based on financials provided in this listing. Proof of funds or pre-approval required in advance. Will not disturb tenants prior to accepted offer. Right of First Refusal permitted in ByLaws to adjacent parcel owner.
Sale Notes
10.2% Cap Rate reflects Purchase Price at full asking price with current occupancy (several units are vacant). Sale includes 5 Parcels! If the units are Fully Occupied, the Cap Rate would be 15% at the current asking price. This is an excellent ROI! Priced to sell. If you are looking for excellent cash flow and low maintenance, look no further.
+3 More
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Amenities
- Security System
- Central Heating
- Natural Light
- Air Conditioning
zoning
| Zoning Code | C-3 (Zoning Code C-3. This property is divided into small units owned by several property owners. There is an HOA manager who manages the property.) |
| C-3 (Zoning Code C-3. This property is divided into small units owned by several property owners. There is an HOA manager who manages the property.) |
Presented by
225 Dolson Ave
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