Listed by McGrath Realty Inc Hopewell Junction
$650,000
52-60 Cornell Street
Details
APN 0800-056.025-0004-048.200-0000
Property Type Industrial, Retail
Sub Type Warehouse, Auto Shop
Square Footage 3,360
Net Rentable (SqFt) 3,360
Units 15
Cap Rate 6.80%
NOI $44,072
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 06/13/2026
Rent Bumps Yes
Lease Options Two successive 3-year renewal terms
Price per SqFt $193
Year Built 1998
Buildings 1
Acreage 0.302
Zoning C-2
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/14/2023
Ground Lease No
Ceiling Height 14
Dock High Doors 3
Fully rented NNN Industrial/Flex Building
Marketing description
Single-tenant NNN ambulance facility in Kingston, projecting $44,072 in Year 1 NOI under the First Renewal Term, running through June 2029 with one additional 3-year option through June 2032. Corporate-guaranteed rent with CPI-or-3% escalators. Tenant has signed First Renewal Term amendment under identical terms, with the corporate guaranty expressly extended. The only Ulster County property in a three-facility portfolio (69 Dickson St, 31-59, Peach Pl, 52-60 Cornell St) that also includes assets in Newburgh and Middletown, available individually or as a package.
Listing Contacts
Listed by McGrath Realty Inc Hopewell Junction
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,072.00
$3,672.67/mo
Valuation Metrics
0
DSCR
6.78%
Cap Rate
6.78%
ROI
Map
Zoning
T5-F MixedMixed UseFlexible Mixed Use
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View all 52 uses Last updated Mar 17, 2026 For deeper zoning details, reports are available at Zoneomics
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