Single-Tenant Office
NY State Credit | Single Tenant Government Office Leasehold
563 Reed St, New Windsor, NY 12553
Listing Price: $5,508,053
Investment Overview
Marcus & Millichap is pleased to bring to market the New York State Department of Corrections
and Community Supervision building located in New Windsor, NY.
NY State Credit | Single Tenant Government Office Leasehold
Investment Highlights
- New York State Government Leasehold Interest With 6+ Years Remaining on the Leasehold & 75+ Years Remaining on the Ground Lease With The Town of New Windsor
- Recent Renovations Include New Roof, Furnaces, Fire Alarm Systems and an Interior Renovation Completed in 2021
- Property Is Fully Occupied By NY State Dept. of Corrections & Community Supervision as a Corporate Housing Facility
- Three-Story Dormitory Building Features Masonry Construction With a Large Rear Parking Lot
- Situated Adjacent to New York Stewart International Airport, a Regional Airport Operated By the NY, NJ Port Authority Connecting to Newark, JFK and La Guardia International Airports
- Located in a Dense Office, Industrial and Logistics Corridor With Easy Access to The I-84/I-87 Interchange
- Strong Demographics: Population Exceeds 200,000 Within 10-Miles and is Projected to Increase by 2027 | Average Household Income Exceeds $103k Within Five Miles
- New Windsor is One Hour From New York City and 90 Minutes From Albany, NY
Single-Tenant Office
NY State Credit | Single Tenant Government Office Leasehold
Listing Price: $5,508,053
Investment Highlights
- New York State Government Leasehold Interest With 6+ Years Remaining on the Leasehold & 75+ Years Remaining on the Ground Lease With The Town of New Windsor
- Recent Renovations Include New Roof, Furnaces, Fire Alarm Systems and an Interior Renovation Completed in 2021
- Property Is Fully Occupied By NY State Dept. of Corrections & Community Supervision as a Corporate Housing Facility
- Three-Story Dormitory Building Features Masonry Construction With a Large Rear Parking Lot
- Situated Adjacent to New York Stewart International Airport, a Regional Airport Operated By the NY, NJ Port Authority Connecting to Newark, JFK and La Guardia International Airports
- Located in a Dense Office, Industrial and Logistics Corridor With Easy Access to The I-84/I-87 Interchange
- Strong Demographics: Population Exceeds 200,000 Within 10-Miles and is Projected to Increase by 2027 | Average Household Income Exceeds $103k Within Five Miles
- New Windsor is One Hour From New York City and 90 Minutes From Albany, NY
Investment Overview
Marcus & Millichap is pleased to bring to market the New York State Department of Corrections and Community Supervision building located in New Windsor, NY.
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