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Middletown 10940
250 Dolson Avenue
$3,500,000
● Land - Off Market

250 Dolson Avenue

Wawayanda, NY 10940
bedrooms
Studio
bathrooms
0 Bath
$5,828,159
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Calling all Retail Developers! 6.23 total acre corner lot located in Middletown, NY. Recently approved for new Automobile Dealership or potential for new Retail Development site with great visibility, demographics and traffic count for National brand tenants. Located at a signalized intersection with 39,584 vehicles/day as per NYS Traffic Data. Site has 3 separate locations for ingress/egress located on Dolson Ave, James P Kelly Way and County Rt 78. This property offers a total of over 750 ft of road frontage located on the busy signalized intersection for huge visibility. Recent Automobile dealership approved to construct 10,900 sqft Showroom, 19,300 sq ft Service Building with Drive Thru, 4662 sq ft garage/Detail Center w/6 overhead drive thru doors and 237 parking spaces. Retail development uses including Banks, Restaurants, Hotel, Gas Stations, Office Buildings, Retail Stores and more. Existing 16,000+sq ft building can be re-purposed for future use. Maps available upon request.
Unit Size
-
Days on Market
-
Land Size
3.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,796
HOA Dues
-
Year Built
1989

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (OneKey MLS #KEYH4974686)

Price History

Date / Event Date Event Price
Jul 2, 2019 Listed by Keller Williams Hudson Valley $4,000,000
Listed by Keller Williams Hudson Valley

Property Highlights

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 143,748
  • Total Building Area: 30,700
  • Gross Building Area: 30,700
  • Building Area: 30,700
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 8
  • Heating: 0
  • Heated Square Feet: 30,700
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000003300
  • Standard Land Use Code: 2000
  • County Land Use Code: 331

Neighborhood

  • School District Name: Middletown City School District
  • School Tax School District: MIDDLETOWN
  • Census Tract: 001601

Zoning

  • Zoning: TC-1

Geography

  • Account Number: 4-1-28.22
  • District: 335600
  • Section: 4.00
  • Parcel: 335600 4-1-28.22
  • Block: 1
  • Lot: 28.220
  • Municipality: WAWAYANDA
  • Latitude: 41.4232
  • Longitude: -74.4296

    Address

  • Full Address: 250 Dolson Ave
  • Address - House Number: 250
  • Address - Street Name: Dolson
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Middletown
  • Carrier Code: R011
  • 4-Digit Zip Code: 6994
  • Zip Code: 10940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,998,654
  • Tax Rate Code Area: 330900

    Market Valuation

  • Market Total Value: $965,700
  • Market Land Value: $569,593
  • Market Improvement Value: $396,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $444,200
  • Assessed Land Value: $262,000
  • Assessed Improvements Value: $182,200

    Sales

  • Current Sale Contract Date: Jan 29, 2020
  • Current Sale Recording Date: Jan 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20200007251
  • Previous Sale Recording Date: Oct 20, 2015
  • Previous Sale Contract Date: Oct 15, 2015
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middletown

Stats & Trends

Median Asking:

$369,950

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

88

Average Home Size

1548 ft²

Average Home Age

68.8 years

Currently For Sale

64 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2 E Main Street, Middletown, NY, 10940

$1,850 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2 E Main Street #5, Middletown, NY, 10940 Listing by Nancy E. LaBarbera
Unit for rent at 28 North Street, Middletown, NY, 10940

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
28 North Street #1, Middletown, NY, 10940 Listing by Yosseline E. Genao
Unit for rent at 63 Broad Street, Middletown, NY, 10940

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,088 ft²
63 Broad Street, Middletown, NY, 10940 Listing by Doreen Crowther

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 250 Dolson Avenue built and last sold?
The property at 250 Dolson Avenue was built in 1989 and last sold on Jan 29, 2020 for $3,500,000.
How much is this home worth?
The estimated value of the home located at 250 Dolson Avenue is $4,040,000.
What are some comparable homes to 250 Dolson Avenue?
There are currently no comparable homes to 250 Dolson Avenue.
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