Mixed-Use Property with
1 Cole Street, Port Jervis, NY 12771
For Sale
$419,000
An upstairs one-bedroom apartment complements first-floor commercial space, with private parking and NMU zoning.
Property Size2,040 SF
Price / SF$205.39
Days on Market51
Property Features for 1 Cole Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
entrance ramp
accessible restroom
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
RE/MAX Benchmark Realty Group
(845) 341-0004
Listed By:
Dominick J Tufano · License #10301201924
(914) 443-7622
Source:
Croninreale
Added: Sep 20
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 RE/MAX Benchmark Realty Group
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Investment Insights
Based on property information with market context.
This 2,040-square-foot mixed-use property has 1,098 square feet of commercial area on the ground floor and a 942-square-foot apartment above. The commercial layout includes a reception area, three sink-equipped rooms, another former exam room, and an accessible restroom. A ramp connects the private parking lot to the building entrance. The upper-level residence has one bedroom and one bathroom; the building dates to 1900.
The property is across from Port Jervis Community Hospital and is visible from East Main Street. Its NMU zoning and existing combination of commercial and residential space define the current configuration.
The property is across from Port Jervis Community Hospital and is visible from East Main Street. Its NMU zoning and existing combination of commercial and residential space define the current configuration.
Key Highlights
- 1,098‑square‑foot commercial area with reception space, three rooms with sinks, a former exam room, and an accessible restroom
- 942‑square‑foot upstairs apartment with one bedroom and one bathroom
- Private parking lot with a ramp providing building access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,273
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,460
$725.5K
Cap Rate 7%
$518,186
$518.2K
Cap Rate 9%
$403,033
$403.0K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$68.5K $33.60/SF
− Vacancy
−$8.1K −$3.96/SF
EGI
$60.5K $29.64/SF
− OpEx
−$24.2K −$11.85/SF
NOI
$36.3K $17.78/SF
Area
Orange County, NY
Vacancy
11.80%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,460
Cap Rate 7%
$518,186
Cap Rate 9%
$403,033
Alternative Uses
Best Use
Healthcare Medical
$518.2K
$453.4K – $604.6K
NOI $36,273 @ 7.0% cap · market cap 8.66%
Second Best
Office B
$487.6K
$426.7K – $568.9K
NOI $34,135 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$690.9K
$604.6K – $806.1K
NOI $48,365 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
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Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Orange County, NY
Properties on Market for Mixed-use properties in Orange County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs one-bedroom apartment complements first-floor commercial space, with private parking and NMU zoning.
Where is this mixed-use property located?
The property is located at 1 Cole Street Port Jervis, NY.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 1,098‑square‑foot commercial area with reception space, three rooms with sinks, a former exam room, and an accessible restroom; 942‑square‑foot upstairs apartment with one bedroom and one bathroom; Private parking lot with a ramp providing building access
