1 John St, Millerton, NY 12546
Meticulously renovated, fully occupied office building with strong financials.
- Added:
- Apr 30, 2021
- Days on Market:
- 1894
- Last Refresh:
- May 13 at 8:22 pm
Property Features for 1 John St
General Information
- Standard status
- Active
- Size
- 4,940 SF
- Property subtype
- Other
Building Details
- Year Built
- 1851
Listing office ELYSE HARNEY REAL ESTATE CT
Listing date Apr 30, 2021
Source Xome
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HighLights
- Fully Occupied with Strong Financials (Profitable Venture)
- Meticulously Renovated and Well‑Maintained (Excellent Condition)
- Commercially Zoned Space: 4940 sqft
- 14 Offices with Diverse Tenant Mix
- Abundant Parking
- Low‑Maintenance Landscaping
Overview
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 | $135.2k | $27.36 |
| − Vacancy | −$29.7k | −$6.02 |
| EGI | $105.4k | $21.34 |
| − OpEx | −$26.4k | −$5.34 |
| NOI | $79.1k | $16.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millerton
- County
- Dutchess
- State
- New York
- Longitude
- -73.5451
- Latitude
- 41.9505
