$2,500,000
$2,850,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
97 State Route 416 Campbell Hall, NY 10916
Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6215828
Sold Date 03/01/24
Originating Board onekey
Property Description
This is one of the finest offerings I have had in my 40+ year career. All top notch construction for this modern 2700+ sf office, 5 condominiums and 1 carriage house. Meticulously designed and maintained by Joe Matta of Masterworks fame. Award winning complex. Unit 1 is 1814 SF. Unit 2 is 2013 SF. Unit 3 is 1341 SF. Unit 4 is 1671 SF. Unit 5 is 1903 SF. Unit 6 which is called the Carriage House is 2027 SF. The professional office is 2787 SF. There are some interior pictures depicting the attention to detail and craftsmanship. This is a great investment to buy hold and let your tenants pay the mortgage. Cap rate presently 5%.In docs is brochure with analysis. This property will continue to appreciate. This part of the Blackburne project is not age restricted. Comparables show the 6 units without the office complex at $3,000,000 plus if sold individually.
Location
State NY
County Orange
Zoning R4A*
Interior
Heating Propane, Hydro Air, Radiant
Cooling Central Air
Fireplace N
Appliance Cooktop, Dishwasher, Oven, Wine Cooler
Building
Sewer Public Sewer
Water Public
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Bought with Keller Williams Realty