Property Listing Description

For Sale
Newburgh320 Dupont Avenue
$ 299000
  • 320 Dupont Avenue Newburgh is a two property parcel and one of the buildings houses Taco Tico!
320 Dupont Avenue Newburgh Two Properties One Real Estate Parcel 320 Dupont Avenue Newburgh NY 12550 United States

320 Dupon Avneue Property Descriptions

Agent: Brian Mossey 845-288-4367

There are 2 free-standing buildings just waiting for a smart investor to purchase located at the corner of South Plank road and Dupont Avenue and literally a minute away from I-84, exit 8 and just minutes from I-87.

Both buildings are currently occupied and nicely maintained. Both buildings are slab on grade one-story masonry They are painted concrete with metal/glass exterior. One is currently used as a restaurant while the other serves as an auto detail shop.

Features

The building on 811 South Street(the restaurant) is approximately 756 Square feet and was built in 1960. It has a
gas-fired HVAC. Among its several attractive features are its three-phase electric, shed pitch membrane roof, paved parking area, municipal water supply, and its own sewer.

Building 2 on 819 South Street(the auto shop) is approximately 1,218 square feet built in 1947 features
forced air gas heat, drywall interior with a drop ceiling, three-phase electric, restroom with  sewer
and also serviced by municipal water.

OFFERING SUMMARY

INCOME SUMMARY

Sale Price:                                         $299,000
Cap Rate:                                           5.92%
NOI:                                                   $17,701
Lot Size:                                            0.34 Acres
Year Built:                                        1960                                                                                                                      Building Size:                                                   1,974 SF
Renovated:                                      2000
Zoning:                                            CD Commercial District
Price / SF:                                        $151.47

INCOME & EXPENSES

Gross Income                                  $31,920

EXPENSE SUMMARY

Taxes $9,649
Reserve/Repair/Maintenance    $1,344
Legal/Bookkeeping/Management $1,640
Insurance                                         $1,586
Gross Expenses                               $14,219

FINANCIAL SUMMARY

INVESTMENT OVERVIEW
Price                                               $299,000
Price per SF                                  $151.47
CAP Rate                                       5.9%
Cash-on-Cash Return (yr 1)      5.92 %
Total Return (yr 1)                      $17,701
Debt Coverage Ratio –
OPERATING DATA
Gross Scheduled Income          $33,600
Other Income –
Total Scheduled Income          $33,600
Vacancy Cost                              $1,680
Gross Income                             $31,920
Operating Expenses                  $14,219
Net Operating Income              $17,701
Pre-Tax Cash Flow                    $17,701
FINANCING DATA
Down Payment                          $299,000
Loan Amount                              –
Debt Service                                –
Debt Service Monthly               –
Principal Reduction (yr 1)       –

 

This property is located near  Newburghʻs  Stewart International AirportNewburgh is a transportation hub, which is why its affordable historic commercial real estate is in demand.

See this awesome property for yourself by contacting agent Brian Mossey! 845-288-4367

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Property Features
  • 3 Phase Electric
  • Existing Office Space
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