2-4 Albert ST, Middletown, NY 10940
2-4 Albert ST, Middletown, NY 10940
2-4 Albert ST, Middletown, NY 10940
2-4 Albert ST, Middletown, NY 10940
2-4 Albert ST, Middletown, NY 10940
2-4 Albert ST, Middletown, NY 10940
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 499,000
Est. payment | /mo

0.28 Acres Lot

Save
$ 499,000
Est. payment | /mo
Save

0.28 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1067444

Rental Info No

Year Built 1900

Annual Tax Amount $12,009

Lot Size 0.275 Acres

Acres 0.275

Property Sub-Type Office

Source onekey2

Property Description

Single-tenant dental office investment at the corner of Albert Street and Wickham Avenue in Middletown. Great investment opportunity, own the RE and let the tenant pay down your investment. This freestanding, approximately 2,884 SF building occupies a 0.275-acre lot with dedicated on-site parking. Mondovi Dental, has occupied the property since 2016. The gross lease runs through August 31, 2029, with approximately 2% annual rent increases and two additional three-year renewal options. At $499,000, the offering reflects a projected 8.11% cap rate based on $40,474 pro-forma NOI, including estimated expenses. Real estate only: the dental practice, equipment and goodwill are excluded as they belong to the teant, and the tenant remains in place. Building area is per public records; buyers should verify measurements, lease terms and financials.

Location

State NY

County Orange County

Rooms

Basement Crawl Space, Full, Storage Space, Unfinished

Interior

Heating Forced Air

Cooling Central Air, Ductwork, Wall/Window Unit(s), Zoned

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

High Schools Middletown

School District Middletown

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Realty • Peter Berman
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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2-4 Albert ST

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