52-60 Cornell Street, Kingston, NY 12401

$625,000

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List Price
$625,000
Price Change
▼ $25,000 1788222697
Days on Market
155
MLS#
989092
Status
ACTIVE
Property Type
Industrial
Year Built
1998
Property Tax
$26,356
Neighborhood
Kingston

Property Description

Single-tenant NNN ambulance facility in Kingston, projecting $44,072 in Year 1 NOI under the First Renewal Term, running through June 2029 with one additional 3-year option through June 2032. Corporate-guaranteed rent with CPI-or-3% escalators. Tenant has signed First Renewal Term amendment under identical terms, with the corporate guaranty expressly extended. The only Ulster County property in a three-facility portfolio (69 Dickson St, 31-59, Peach Pl, 52-60 Cornell St) that also includes assets in Newburgh and Middletown, available individually or as a package.

Additional Information

Acres
0.30
Stories
1
Heating
Forced Air
Cooling
Central Air
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Brendan McGrath (br.mcgrath@gmail.com) from Listing Office: McGrath Realty Inc.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.