2,884 sqft

$499,000

2-4 Albert Street, Middletown NY, 10940

Price per sqft$173.02

Built in1900

Property size2,884 sqft

Property typeCommercial

Courtesy of Keller Williams Realty, Peter Berman Listing Contact: 845-928-8000

Overview

Active

Listed Nov 3, 2026

Updated 12h ago

Single-tenant dental office investment at the corner of Albert Street and Wickham Avenue in Middletown. Great investment opportunity, own the RE and let the tenant pay down your investment. This freestanding, approximately 2,884 SF building occupies a 0.275-acre lot with dedicated on-site parking. Mondovi Dental, has occupied the property since 2016. The gross lease runs through August 31, 2029, with approximately 2% annual rent increases and two additional three-year renewal options. At $499,000, the offering reflects a projected 8.11% cap rate based on $40,474 pro-forma NOI, including estimated expenses. Real estate only: the dental practice, equipment and goodwill are excluded as they belong to the teant, and the tenant remains in place. Building area is per public records; buyers should verify measurements, lease terms and financials.

Additional information

MLS^® ID: 1067444

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.28 Acres

Other Property Details

Taxes: $12,009
Tax Frequency: Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 5:36 AM UTC on 11/3/2026. 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.

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