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For SaleOfficeMLS KEY826691

156-158 Orange Avenue

Montgomery, NY · Orange County
Listed by
Sage Realty Center LLC
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
20,946 SF
Site
1.50 acres
Price / SF
$84
NOI
$252,622

The offering

Attention Investors and Owner Occupiers: A phenomenal investment opportunity to own TWO professional office buildings 21,000 SF on 1.50 acres in the heart of Walden NY., Known as an established location with long standing tenants, Law firms, Engineering, Real Estate, Medical and other professional offices that add to the already heavy traffic count, ample parking spaces, with basement that offers additional SQFT. The buildings are bright, clean, quiet, with large windows giving it an open modern feel, and extremely well maintained throughout the years, allowing for a great transition. It is surrounded by shopping options, restaurants, and residential, only minutes to major roadways, Amazon, Stewart Airport, Metro North, etc. Buildings are 100% Leased, shows a pro forma of $252,622 (9.61+ cap). Please contact me to go over the financials. Significant upside potential available.

Building & site

Interest conveyedFee simple
Gross building area20,946 SF
Building typeOffice
Property typeOffice
Land area1.50 acres
Land area, SF65,340 SF
WaterPublic
SewerPublic Sewer
HeatForced Air
Tax parcel334205312-3-22

Income & tenancy

Gross income (as reported)
$252,622

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2024 taxes$57,115
Assessed value$869,600
Land assessment$90,000
Full market value$2,174,000
Owner of record156-158 Orange LLC
School districtValley
Property class464 · Walk-up off

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

Comparable offerings

156-158 Orange Avenue, Montgomery NY | 20,946 SF Office For Sale