David E. Cornwell
Licensed Real Estate Salesperson
REALTOR®
Walton, NY
Office: (607) 865-7000 (607) 437-8941

332, 95, 85, 75 Bill Larkin Drive , New Windsor, NY 12553

New - 20 Hours Ago

27 Photos

Property Description

Excellent investment opportunity consisting of four newer commercial buildings totaling approximately 12,000 SF on 3.4 acres, plus a separate land lease. The property is currently operating at 100% occupancy with five tenants in place-four building tenants and a construction company occupying the land under a separate lease. Current monthly rents are $4,800 for 332 Avenue of the Americas, $5,805 for 95 Bill Larkin Drive, $2,800 for 85 Bill Larkin Drive, and $4,300 for 75 Bill Larkin Drive. Total building rental income is $17,705 per month, or $212,460 annually, plus additional income from the land lease. Annual property expenses are approximately $27,120, producing an estimated NOI of $185,340 from the building rents alone. At the $2,850,000 asking price, this represents approximately a 6.50% cap rate, with rent increases built into the leases. The land lease provides additional income above these figures. Each unit is separately metered and fully connected to Town water, Town sewer, and natural gas, with tenants responsible for their separately metered utilities. The landlord is responsible for snow plowing and lawn maintenance. Ideally located just a stone's throw from New York Stewart International Airport, approximately 1 mile to Route 207, 2 miles to Route 747, 3 miles to I-84, 4 miles to I-87, 4 miles to Route 9W, and 14 miles to Woodbury Common Premium Outlets. This is a strong, fully occupied commercial investment offering multiple income streams, established tenants, municipal utilities, separately metered units, and built-in lease increases.

332, 95, 85, 75 Bill Larkin Drive | MLS# 1047789

This commercial property located at 332, 95, 85, 75 Bill Larkin Drive , New Windsor, NY 12553 is currently listed for sale with an asking price of $2,850,000. 332, 95, 85, 75 Bill Larkin Drive is located within the Washingtonville school district. Search New Windsor real estate on david-cornwell.timberlandproperties.com today.

Gallery

Property Features

Property Type: Commercial - Industrial
Cooling: Central Air, Wall/Window Unit(s)
Heating: Forced Air, Natural Gas, Propane
Lot Size: 3.40 Acres
Taxes: $21,120
Year Built: 2019

Feature Descriptions

Appliances: Gas Water Heater
Building Area Total: 12000
Business Type: Industrial
Common Walls: No Common Walls
Exterior: Vinyl Siding
House Faces: West
On Market Date: 2026-09-07
Overhead Door Height: 10
Parcel Number: 3-1-51.1
Parking Features: Attached, Off Street, On Street, Parking Lot, Private
Parking Total: 50
Rental Term: Monthly
Road Responsibility: Private Maintained Road
Seller Concession: Yes
Seller Concession Amount:: 2.00
Sewer: Public Sewer
Units: 4
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private, Underground Utilities, Water Connected
Water: Public

Local Schools

School District: Washingtonville

Demographics

Listed By / Shown By

Listing By

Agency Name: Tactical Realty LLC
Agency Contact: 845-218-5000

Shown By

Agent Name: David E. Cornwell
Agent Phone: (607) 437-8941
Agency Title: Timberland Properties

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