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70 Pleasant Hill Road

$6,500,000

Est. $36,099/mo

New Windsor, NY 12553 · Orange County

Status
Active
On site
134 days

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About this home

Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and T-Mobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 7.37%. 2026 proforma NOI is $490,658 reflecting an increase to a 7.55% cap rate. Future annual rental projection documents and leases require a signed NDA. Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property’s long-term reliability and minimizing deferred maintenance expense. Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.

Listed with KW Hudson Valley United · Jason L McGovern · Source: OneKey MLS

One Key MLS

Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 18, 2026, 9:07 AM ET. ©2026 One Key MLS.

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$36,098.63Total / mo

Estimated Monthly Payment

Principal & interest
$32,017.29 (88.7%)
Taxes
$3,881.33 (10.8%)
Insurance
$200.00 (0.6%)

Representative rates

Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.

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Market Insights

The market around New Windsor, NY

Current Listings

New in the last 30 days

35

Sep 2026

Average Price

Active listings

$603,112

Sep 2026

Average Days on Market

Active listings

128 days

Sep 2026

Computed from 139 active OneKey MLS listings in New Windsor, NY.

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