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2-4 Albert Street
Middletown NY 10940 US

$499,000

Active Listing ID 1067444
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Lot: 0.28 Acres
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Office

$499,000

Active Listing ID 1067444
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2-4 Albert Street 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.

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Office
  • Features
  • Cooling System: Wall/Window Unit(s), Window Unit(s), Zoned, Central Air
  • Heating Fuels: Forced Air
  • Additional Features
  • Basement

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 499000
  • unparsedaddress: 2-4 Albert Street
  • postalcity: Middletown
  • stateorprovince: NY
  • country: US
  • postalcode: 10940
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.275
  • lotsizeunits: Acres
  • lotsizearea: 0.275
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Peter Berman
  • listagentemail: peteberman@kwcommercial.com
  • listagentkey: 3yd-MLSLINY-346530
  • listagentmlsid: 346530
  • listagentpreferredphone: 8456295854
  • listagentofficephone: 8456295854
  • listofficekey: 3yd-MLSLINY-KWRE01
  • listofficemlsid: KWRE01
  • disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1900
  • listingcontractdate: 2026-10-30
  • listagentfax: 8459289774
  • listagenturl: http://kwhv.com/
  • countyorparish: Orange County
  • parcelnumber: 330900-027-000-0006-028.200-0000
  • elementaryschooldistrict: Middletown
  • middleorjuniorschooldistrict: Middletown
  • highschooldistrict: Middletown
  • cooling: Wall/Window Unit(s), Window Unit(s), Zoned, Central Air
  • constructionmaterials: Frame
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • rooms: Basement
  • basement: Storage Space, Crawl Space, Full, Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"chris@chrisscibelli.com, \t29a12692-e4d0-40b9-87fc-86864bbc45b5@myrealestateplatform.com", "ListBrokerageCity":"Chester", "ListBrokerageCountry":"US", "ListBrokerageEmail":"chris@chrisscibelli.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Keller Williams Realty", "ListBrokeragePhone":"(845) 928-8000", "ListBrokeragePostalCode":"10918", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":"Suite 225", "ListBrokerageUnparsedAddress":"69 Brookside Ave", "ListBrokerageWebsiteUrl":"http://kwhv.com/", "ListOfficeAddress1":"69 Brookside Ave. Ste 225 ", "ListOfficeAddress2":"Suite 225", "ListOfficeBrokerMlsId":"KWRE01", "ListOfficeCity":"Chester", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw410@kw.com", "ListOfficePostalCode":"10918", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Middletown, NY", "ListingURL":null, "MLSModificationTimestamp":"2026-11-03 05:31:37", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":12009, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 0
Listing Changed: 11/3/2026 5:45:43 AM GMT
Source Updated Date: 11/4/2026 12:52:41 PM GMT

Courtesy of: Peter Berman, Keller Williams Realty, peteberman@kwcommercial.com

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.