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15 Matthews St 42,210 SF Office Building Goshen, NY 10924 $5,583,680 CAD ($132.28 CAD/SF)
EXECUTIVE SUMMARY
15 Matthews Street | Goshen, NY 10924
Multi-Tenant Office & Flex Building | ±41,210 SF | Asking $4,000,000 | Pro Forma ±12.6% Cap Rate
An exceptional opportunity to acquire a substantial multi-tenant office and flex property in the heart of Goshen, New York. This impressive ±41,210-square-foot building features a diverse mix of professional, medical, and creative tenants, along with several vacancies that present a clear path to increased revenue and long-term value growth. The property is well-suited for an investor seeking a project that offers meaningful upside and the ability to maximize returns through targeted leasing and strategic management. The building currently generates approximately $420,000 in gross annual income, with a pro forma potential gross exceeding $848,000 upon full lease-up, supporting an approximate 12.6% pro forma capitalization rate at the $4,000,000 asking price. Flexible floor layouts and ample on-site parking, as well as a loading dock, make the property attractive to a wide variety of tenants, from healthcare providers to office users and creative firms. Positioned in the Village of Goshen, this asset enjoys excellent connectivity to Route 17/I-86 and the Orange County Government Center, placing it at the heart of one of the Hudson Valley’s most active commercial corridors. The surrounding area continues to grow as professionals and residents are drawn to its accessibility, local charm, and expanding business base. Within walking distance of restaurants, shops, and civic buildings, the location supports strong tenant retention and steady leasing demand. 15 Matthews Street represents an outstanding investment in a growing market—offering scale, income diversity, and clear upside potential for an investor ready to enhance performance and capitalize on Goshen’s ongoing growth.
Multi-Tenant Office & Flex Building | ±41,210 SF | Asking $4,000,000 | Pro Forma ±12.6% Cap Rate
An exceptional opportunity to acquire a substantial multi-tenant office and flex property in the heart of Goshen, New York. This impressive ±41,210-square-foot building features a diverse mix of professional, medical, and creative tenants, along with several vacancies that present a clear path to increased revenue and long-term value growth. The property is well-suited for an investor seeking a project that offers meaningful upside and the ability to maximize returns through targeted leasing and strategic management. The building currently generates approximately $420,000 in gross annual income, with a pro forma potential gross exceeding $848,000 upon full lease-up, supporting an approximate 12.6% pro forma capitalization rate at the $4,000,000 asking price. Flexible floor layouts and ample on-site parking, as well as a loading dock, make the property attractive to a wide variety of tenants, from healthcare providers to office users and creative firms. Positioned in the Village of Goshen, this asset enjoys excellent connectivity to Route 17/I-86 and the Orange County Government Center, placing it at the heart of one of the Hudson Valley’s most active commercial corridors. The surrounding area continues to grow as professionals and residents are drawn to its accessibility, local charm, and expanding business base. Within walking distance of restaurants, shops, and civic buildings, the location supports strong tenant retention and steady leasing demand. 15 Matthews Street represents an outstanding investment in a growing market—offering scale, income diversity, and clear upside potential for an investor ready to enhance performance and capitalize on Goshen’s ongoing growth.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
42,210 SF
Building Class
B
Year Built
1988
Price
$5,583,680 CAD
Price Per SF
$132.28 CAD
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,553 SF
Slab To Slab
13’
Building FAR
0.40
Lot Size
2.40 AC
Zoning
DS - Designated Shopping (DS)
Parking
154 Spaces (3.65 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 333001-119-000-0001-003.000-0000 | Improvements Assessment | $1,523,786 CAD (2024) |
| Land Assessment | $207,155 CAD (2024) | Total Assessment | $1,730,941 CAD (2024) |
PROPERTY TAXES
Parcel Number
333001-119-000-0001-003.000-0000
Land Assessment
$207,155 CAD (2024)
Improvements Assessment
$1,523,786 CAD (2024)
Total Assessment
$1,730,941 CAD (2024)
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15 Matthews St
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