PRIVATE AND CONFIDENTIAL - FOR INTENDED RECIPIENTS' USE ONLY

Administrative Building

182 S. Plank Rd, Newburgh, NY 12550

3820 S/F - $1.75 Million

The current owners of this office both work on large projects and manage properties from the office; there has been extensive overlap.

There is sufficient staff to continue the administration of the Fishkill, New Windsor, Newburgh, Wallkill and Sandy Hook properties. There would be enough extra space to dedicate to professionals, such as attorneys, to accommodate sharing space and expenses.

The administrative office totals 3,820 sq ft, with 2,965 sq ft on the 1st floor and 855 sq ft on the 2nd floor. The structure is 91′ by 33′, with 4 bathrooms. CO was issued Feb 10, 2021. There are 7 offices, 2 meeting rooms and 3 bathrooms downstairs, and a 1 office, a break room and 1 bathroom upstairs.

Admin Building

Interior / Exterior Photos

Office Floor Plans (PDF):

T-12s

Historical occupancy for all properties from 2020 thru Mar 2023. See Google spreadsheet:

Occupancy

Office Floor Plans (PDF):

T-12s

Staffing

Field Staffing

  • Non-union employment contracts
  • 8 dedicated field staff, employees of Farrell Management Company (“FMC”). Listed below including current property responsibility and state of work.
  • Sandy Hook and Gardnertown have Clubhouses with staff offices for leasing / admin.
  • Salaries expense line item on T-12 include leasing commission.

Operations

  • Third-party vendor contract for snow/lawn/landscaping for all our properties
  • FMC maintenance staff designated “on-call” for emergencies.
Staffing Chart

Description and Documentation For Each Property

Each individual property has a page with general info, profit & loss, rent roll and unit mix.