5 Academy St - Office/Residential FOR SALE


New Paltz, NY 12561
$525,000 USD
917-991-3165
5 Academy St, New Paltz, NY for Sale
$525,000 USD
Office/Residential - FOR SALE
1/31
null | 6.87% Cap Rate

5 Academy St
New Paltz, NY 12561


HIGHLIGHTS

  • Great Location
  • Ample Parking
  • Quiet, but close to shops and restaurants

OVERVIEW

Prime Investment Opportunity Mixed use building with desirable New Paltz Village Location. 5 offices plus 2BR apartment. All units leased with various expirations 7/31/25-3/31/26. Current rental amounts below market value - potential for higher NOI and Cap Rate. Ample private parking plus additional street parking available. Walk to shops and restaurants.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B2

APN/PARCEL ID

3801-086.034-0002-007.200-0000

ASK ABOUT THIS PROPERTY

Todd MathewsTodd MathewsMore Info
917-991-3165

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Todd MathewsTodd MathewsMore Info
917-991-3165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.