46 N Chestnut Street New Paltz, NY 12561
COMMERCIAL - New Paltz, NY
Property Features for 46 N Chestnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B1
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 380108603400030230000000
- Size
- 1,990 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8882
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
Listing agent Lindsay Stevens License #10301211263 (845) 204-4447
Listing office eXp Realty 171 Main Street, Hauppauge, NY (888) 276-0630
Listing date Jun 30, 2026
Copyright © 2026 Hudson Valley Catskill Region MLS. 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.
The second floor offers a private apartment with an eat-in kitchen and dining area, a full bath, and a spacious bedroom that can also serve as a living area. The property sits on a 0.32-acre lot and includes ample private parking and a detached garage. A private pickleball court is also included on site. Zoning is listed as B1.
This configuration supports owner-occupancy and professional use, with a dedicated reception and conference space suited to a range of client-facing practices. For tenants or buyers considering a mixed-use operation, the on-site apartment provides flexibility for an owner-occupied office setup or an income-producing residential component. The property is described as being in the heart of the Village of New Paltz, with proximity to Main Street amenities and the Rail Trail.
Key Highlights
- 46 North Chestnut in the Village of New Paltz with a renovated commercial workspace plus a private upstairs apartment
- Fully renovated building designed/restored by Seakill Custom Home Builders for their private offices
- Main level features reception area, polished hardwood floors, kitchenette/coffee bar, open workspace, custom conference room, built‑in storage, workstations, and a half bath
Local Financial Insights For Office B
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 | $59.7k | $30.00 |
| − Vacancy | −$7.6k | −$3.81 |
| EGI | $52.1k | $26.19 |
| − OpEx | −$13.0k | −$6.55 |
| NOI | $39.1k | $19.64 |
