Aucock Mixed-Use
New
For Sale
$1,720,000
1-7 East Market Street Map 9a, Red Hook, NY 12571
Mixed-use building combining commercial space with residential units in a long-established Red Hook property.
Property Size10,380 SF
Price / SF$165.70
Days on Market2
Property Features for 1-7 East Market Street Map 9a
General Information
Standard status
Active
Size
10,380 SF
Property subtype
Multifamily
Additional Details
Corner Location
Yes
Multifamily Units
9
Building Details
Building Size
10,380 SF
Year Built
1919
Buildings
1
Tenancy
Multi
Listing Agency:
SVN | Deegan-Collins Commercial Realty
Listed By:
Joseph Deegan, CCIM · License #NY #10491205235
(845) 339-9100
Source:
Svn
Added: Sep 6
Last Checked: Sep 6 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Deegan-Collins Commercial Realty
Investment Insights
Based on property information with market context.
The Aucock Building is a mixed-use property at 1-7 East Market Street in Red Hook, New York. Constructed in 1919, the building contains approximately 10,380 square feet arranged among three commercial spaces and nine residential units. This combination provides both business and residential components within a single property.
The building occupies a prominent corner in Red Hook, Dutchess County, and has remained family-owned since the 1960s. Its established construction date, blended layout, and location within the community define the property’s physical and operating profile.
The building occupies a prominent corner in Red Hook, Dutchess County, and has remained family-owned since the 1960s. Its established construction date, blended layout, and location within the community define the property’s physical and operating profile.
Key Highlights
- Approximately 10,380 square feet of mixed‑use space
- Three commercial spaces and nine residential units
- Constructed in 1919
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
$126,117
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
7.33%
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%
$2,522,340
$2.5M
Cap Rate 7%
$1,801,671
$1.8M
Cap Rate 9%
$1,401,300
$1.4M
Market Conditions
NOI Build-Up for 10,380 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
$224.2K $21.60/SF
− Vacancy
−$22.4K −$2.16/SF
EGI
$201.8K $19.44/SF
− OpEx
−$75.7K −$7.29/SF
NOI
$126.1K $12.15/SF
Area
Dutchess County, NY
Vacancy
10.00%
Lease Rate
$21.60 /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%
$2,522,340
Cap Rate 7%
$1,801,671
Cap Rate 9%
$1,401,300
Alternative Uses
Best Use
Apartment 5plus
$2.55M
$2.23M – $2.97M
NOI $178,326 @ 7.0% cap · market cap 10.37%
Second Best
Mixed Use
$1.80M
$1.58M – $2.10M
NOI $126,117 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$3.12M
$2.73M – $3.65M
NOI $218,719 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 12571, NY
9,600
Population
4,454
Households
2.2
Avg Household Size
47
Median Age
52%
College-Educated
95%
High-School Grad
58.1 sq mi
ZIP Area
165
Density / Sq Mi
$115,200
Median Household Income
$54,338
Median Earnings
$1,338
Median Rent
$386,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building combining commercial space with residential units in a long-established Red Hook property.
Where is this mixed-use property located?
The property is located at 1-7 East Market Street Map 9a Red Hook, NY.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: Approximately 10,380 square feet of mixed‑use space; Three commercial spaces and nine residential units; Constructed in 1919
