70 Pleasant Hill Road, New Windsor, NY 12553
Orange County
Key Facts
Description
Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and T-Mobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 7.37%. 2026 proforma NOI is $490,658 reflecting an increase to a 7.55% cap rate. Future annual rental projection documents and leases require a signed NDA. Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property’s long-term reliability and minimizing deferred maintenance expense. Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1985
Stories
3
Living Area
19,668 sq ft
Lot Size
4.90 acres
Parking Spaces
95
Days on Market
43
MLS® Listing#
969964
Property Features
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Security
Other Structures
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$46,576
Assessed Value
$1,238,000
Parcel Number
332489-034-000-0001-005.100-0000
Directions
Orrs Mill Road to Pleasant Hill Road. 1.2 miles on the left. Or Rt 32 to Pleasant Hill Road 0.9 miles on right.
Affordability Calculator
$1,300,000
Estimated monthly payment
$34,596/mo
Principal $5,200,000 · Est. interest $7,254,463 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Windsor, NY
- $706,767
- Median Listing Price
- 60
- Median Days on Market
- 1,401
- Median Sq Ft
- $471
- Median Price / Sq Ft
- 824
- Active Listings
- This home’s price is 820% above the area median.
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Windsor, NY.
Location
Points of Interest in New Windsor, NY
Showing the New Windsor area map.
Nearby Schools
Cornwall Central High School
Secondary · 2.1 mi away
Willow Avenue Elementary School
Elementary · 2.5 mi away
Children's House Montessori of Cornwall
Elementary · 2.5 mi away
Cornwall Central Middle School
Secondary · 3.0 mi away
The Storm King School
Secondary · 3.2 mi away
New York Military Academy
School · 3.2 mi away
Yeshiva Ohr Naftoli
School · 3.3 mi away
St Thomas of Canterbury Church
School · 3.3 mi away
Butterhill Day School
School · 3.3 mi away
Vails Gate High Tech Magnet School
School · 3.4 mi away
Kaplan Career Academy
School · 3.5 mi away
Cornwall Central School District
School · 3.6 mi away
Cornwall-on-Hudson Elementary School
Elementary · 3.7 mi away
Blooming Grove Academy
School · 3.9 mi away
English Rose Day School
Elementary · 4.5 mi away
Temple Hill School
Elementary · 4.6 mi away
Heritage Middle School
Secondary · 4.6 mi away
St Mary's Church
School · 4.7 mi away
Taft Elementary School
Elementary · 4.7 mi away
Washingtonville Middle School
Secondary · 5.1 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in New Windsor
Listing Courtesy: KW Hudson Valley United - 8456106065
Presented by: Jason L McGovern
Fair Housing Notice