Property Listing Description

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 Airport. Newburgh 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