1 Jacqueline Street, Cornwall, NY 12553

Actual cap rate is 7.5%, but rents are under market. Market rents would yield 9.9%. Built in 1999, the building consists of two offices on the ground floor and two apartments above. Each ground floor office has its own entrance, 4 office rooms, a shared bathroom, and a reception area. The apartments are both 1 bedroom 1 bath. All have separate meters for gas and electricity. Rents are under market. One apartment just leased at market rates, the other is below market and month-to-month. One office has two years left on its lease, the other is month-to-month. The building has 112 feet of frontage on busy Route 32, close to major retailers and businesses. Signage on the road adds to its visibility. Total square feet is 3364 on 0.6 acres with plenty of parking.