Mixed-Use Building with
For Sale
$675,000
15 Church Street, Hoosick Falls, NY 12090
Commercial Sale, Hoosick Falls, NY
Property Size5,472 SF
Lot Size0.07 Acres
Price / SF$123.36
Days on Market325
Property Features for 15 Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking
4
Exterior features
Lighting
Basement
Unfinished
Elementary school
Hoosick Falls
High school
Hoosick Falls
Elementary school district
Hoosick Falls
Middle school district
Hoosick Falls
High school district
Hoosick Falls
Directions
Take NY Route 22 to Church Street 22 (AKA RT 22) to corner of Church St & John ST.
Standard status
Active
APN
382801 27.15-14-4
Size
5,472 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5340
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Propane (Heating), Oil, Hot Water(Heating)
Cooling system
Central Air, Ductless
Water source
Public
Building Details
Year built
1830
Floors in Building
3
Flooring type
Wood, Tile, Hardwood, Tile - Ceramic
Building materials
Brick
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 687-2222
Listed By:
Raymond A Tinkham · License #10301207686
(518) 892-9427
Added: Oct 29, 2025
Changed: Sep 12
Last Checked: Sep 18 at 5:06AM
MLS# 202528643
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5472-square-foot mixed-use property combines an operating deli and bakery with two apartments. The brick building dates to 1830 and includes wood and tile flooring, central air, ductless cooling, and radiant and hot-water heating systems. A third-floor area is identified for additional apartments or an owner's penthouse, creating further usable space within the existing structure.
Positioned in the Hoosick Falls Business District along Route 22, the property occupies a 0.07-acre site at 15 Church Street. Public water and public sewer serve the building, and commercial zoning supports its current mixed-use format. The property is located in Rensselaer County, NY.
Positioned in the Hoosick Falls Business District along Route 22, the property occupies a 0.07-acre site at 15 Church Street. Public water and public sewer serve the building, and commercial zoning supports its current mixed-use format. The property is located in Rensselaer County, NY.
Key Highlights
- 5472‑square‑foot mixed‑use building with a deli, bakery, and two apartments
- Third‑floor space identified for additional apartments or an owner's penthouse
- Located along Route 22 in the Hoosick Falls Business District
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,460
$1.1M
Cap Rate 7%
$773,900
$773.9K
Cap Rate 9%
$601,922
$601.9K
Market Conditions
NOI Build-Up for 5,472 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.5K $18.00/SF
− Vacancy
−$11.8K −$2.16/SF
EGI
$86.7K $15.84/SF
− OpEx
−$32.5K −$5.94/SF
NOI
$54.2K $9.90/SF
Area
Rensselaer County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,460
Cap Rate 7%
$773,900
Cap Rate 9%
$601,922
Alternative Uses
Best Use
Retail
$993.9K
$869.7K – $1.16M
NOI $69,574 @ 7.0% cap · market cap 10.31%
Second Best
Apartment 5plus
$948.9K
$830.3K – $1.11M
NOI $66,420 @ 7.0% cap · market cap 9.84%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,754 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 12090, NY
6,223
Population
2,714
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
93%
High-School Grad
57.8 sq mi
ZIP Area
108
Density / Sq Mi
$72,500
Median Household Income
$43,125
Median Earnings
$834
Median Rent
$187,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Established commercial space includes a deli, bakery, and two apartments.
Where is this mixed-use property located?
The property is located at 15 Church Street Hoosick Falls, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 5472‑square‑foot mixed‑use building with a deli, bakery, and two apartments; Third‑floor space identified for additional apartments or an owner's penthouse; Located along Route 22 in the Hoosick Falls Business District
