Mixed-Use Arts
230 Ferry Street Easton, PA 18042
For Sale
$3,470,000
SINGLE_FAMILY - Easton, PA
Property Size32,434 SF
Lot Size0.32 Acres
Price / SF$106.99
Days on Market774
Property Features for 230 Ferry Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- DD Downtown District
- Parking
- 6
- Parking features
- Off Street, On Street
- Standard status
- Active
- APN
- L9SE2B 13 1 0310
- Size
- 32,434 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 25765
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1857
- Number of units
- 16
- Building materials
- Brick, Block, Frame, Concrete, Stone
- Roof type
- Flat
Listing Agency:
BHHS Paul Ford Easton
(610) 253-6123
Listed By:
Clay R. Mitman · License #RM046330A
(610) 253-6123
Added: Jun 14, 2024
Changed: Jul 21
Last Checked: Jul 27 at 5:06AM
MLS# 739580
Copyright © 2026 Greater Lehigh Valley REALTORS. 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 mixed-use arts building was developed as a regional arts center and includes a range of gallery and creative spaces, artist workshops, business offices, photography studios, a full fitness gym, fashion design space, and a florist. Residential components include two 3-bedroom apartments and an efficiency apartment, along with a top-floor penthouse apartment that was previously owner-occupied. The building also features a full sprinkler system throughout, including the basement, as well as an all-floor fully serviced freight elevator and several loading docks.
The property sits in the City of Easton within the DD Downtown District zoning classification. There are six off-street parking spaces plus an interior courtyard, and a city parking deck is described as less than one block away.
Overall, the layout supports both live-and-work use and a variety of commercial occupancy types under one roof, with dedicated building infrastructure for movement of goods and services.
The property sits in the City of Easton within the DD Downtown District zoning classification. There are six off-street parking spaces plus an interior courtyard, and a city parking deck is described as less than one block away.
Overall, the layout supports both live-and-work use and a variety of commercial occupancy types under one roof, with dedicated building infrastructure for movement of goods and services.
Key Highlights
- Approximately 40,000 sq ft mixed‑use arts building with gallery space, artist workshops, offices, photography studios, and multiple tenant spaces
- Income‑producing layout includes two 3‑bedroom residential apartments plus an efficiency apartment
- Penthouse apartment on the top floor with views of the Delaware River and the mountains
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $389.2k | $12.00 |
| − Vacancy | −$30.4k | −$0.94 |
| EGI | $358.8k | $11.06 |
| − OpEx | −$161.5k | −$4.98 |
| NOI | $197.4k | $6.09 |
32,434 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Office B
$4.81M
$4.21M – $5.61M
NOI $336,422 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,367 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$6.15M
$5.38M – $7.18M
NOI $430,620 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ergotem USA LLC
Factory
College Guidance Partnership
College
Jiva Fitness
Gym & Fitness Center
Stirner Modern Gallery
Art Gallery
Susan Kolar Couture
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Apartment building - Mixed-use building with gallery, studios, offices, fitness, and residential apartments, supported by sprinkler system and freight elevator.
Where is this apartment building located?
The property is located at 230 Ferry Street Easton, PA.
What is the asking price?
The asking price for this property is $3,470,000.
What are key features of this property?
This property features: Approximately 40,000 sq ft mixed‑use arts building with gallery space, artist workshops, offices, photography studios, and multiple tenant spaces; Income‑producing layout includes two 3‑bedroom residential apartments plus an efficiency apartment; Penthouse apartment on the top floor with views of the Delaware River and the mountains
