87 Taft Avenue, Newburgh, NY, 12550 | $2,200,000

Exceptional opportunity to acquire a premier flex industrial property strategically positioned just minutes from Interstate 84 and the New York State Thruway, offering outstanding accessibility throughout the Hudson Valley and the Northeast corridor. Situated on an expansive 6. 10-acre with significant room for future expansion, this 10, 000-sqft commercial building is ideally suited for manufacturing, warehousing, distribution, logistics, contractor headquarters, or corporate operations. The property features 5, 000 sqft of warehouse space with i20-foot ceilings , 4 loading docks with 14-foot overhead doors, a full sprinkler system, and brand-new 480-volt, three-phase electrical service, providing the infrastructure required for a wide range of industrial and manufacturing uses. The remaining 5, 000 sqft consists of professionally designed office space offering an impressive reception and waiting area, a striking glass-enclosed conference room, multiple private offices , cubicle work stations , kitchen, and several restrooms, creating a polished and efficient environment for both employees and clients. Positioned on 6. 10 acres, the property offers exceptional parking for more than 30 cars, generous space for tractor-trailers, commercial trucks, and equipment, as well as abundant room for future expansion or additional development. Municipal water, municipal sewer is available at the corner of the site, providing added flexibility for future growth. Combining outstanding functionality, modern infrastructure, excellent truck access, and a highly desirable location with immediate access to major transportation routes, this turnkey industrial asset presents a rare opportunity for owner-users, investors, manufacturers, distributors, and logistics companies seeking a first-class facility with significant upside potential. Seller financing is available for qualified buyers, offering added flexibility and making this exceptional investment opportunity even more attractive.

Features

  • Property Type: Warehouse
  • Construction: Other, Stucco
  • Utilities: Electricity Available
  • Parking: 30-car, Oversized, Parking Lot
  • Levels: 1
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Units: 2
  • Year Built: 1978
  • Acreage: 6.1
  • Est. Taxes: $33,000
  • Lot Desc: Level
  • School District: Newburgh
  • Appliances: Refrigerator, Gas Water Heater
  • MLS#: 1023837
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1023837/87taftavenue_newburgh_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of John J Lease REALTORS Inc   Phone: 845-565-2800

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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87 Taft Avenue, Newburgh, NY, 12550

$2,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,760,000 $1,760,000 $1,760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $2,750 $2,750 $2,750
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,719 $10,552 $14,615
Total Monthly Payment $12,594 $13,427 $17,490

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.