10 Britman Rd, Mongaup Valley, NY 12762

Building Details

Year Built 1988 More

Year Renovated 2021 More

Buildings 2 More

Stories 2 More

Units 5 More

Listing Agency: Gregory Tarone

Listed By: Greg Tarone · License NY #10491212413 Show Phone

Source: Crexi

Added: Mar 31, 2024 Changed: Nov 1 Last Checked: Nov 12 at 4:35AM

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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 Gregory Tarone

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Investment Insights

Based on property information with market context.

This mixed-use property features residential and commercial spaces situated on a strategic corner location along the highway. The property includes a house configured as a duplex, with two 2-bedroom apartments on the ground floor and a 3-bedroom apartment upstairs. In total, there are six rentable units: a 3-bedroom unit, a 2-bedroom unit, a large 1-bedroom unit, a small 1-bedroom unit, a studio, and a commercial space. The property also includes a small commercial office building, formerly used as a car lot office, offering additional possibilities for commercial use. The property consists of two single-family homes on one lot, plus the commercial office building. The property offers potential for immediate income generation, with each unit potentially worth $1500 or more per month, and commercial offices potentially generating at least $300 per month.

Key Highlights

• Mixed‑use property with 6 rentable units offering immediate income potential.
• Strategic corner location on the highway provides high visibility.
• Duplex featuring a 2‑bedroom and a 3‑bedroom apartment.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,480

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,029,600 $1.0M

Cap Rate 7%

$735,429 $735.4K

Cap Rate 9%

$572,000 $572.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$93.6K $15.60/SF

− Vacancy

−$11.2K −$1.87/SF

EGI

$82.4K $13.73/SF

− OpEx

−$30.9K −$5.15/SF

NOI

$51.5K $8.58/SF

Area

Sullivan County, NY

Vacancy

12.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,029,600

Cap Rate 7%

$735,429

Cap Rate 9%

$572,000

Alternative Uses

Best Use

Mixed Use

$735.4K

$643.5K – $858.0K (±1% cap)

NOI $51,480 @ 7.0% cap · market cap 7.46%

Second Best

Multifamily LT 5

$683.3K

$597.9K – $797.2K (±1% cap)

NOI $47,834 @ 7.0% cap · market cap 6.93%

Theoretical Best

Office A

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,200 @ 7.0% cap · market cap 16.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Storage Facility Big Box & Wholesale Store Hair Salon Nail Salon Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 12762, NY

433

Population

306

Households

1.4

Avg Household Size

44

Median Age

25%

College-Educated

85%

High-School Grad

9.2 sq mi

ZIP Area

47

Density / Sq Mi

$112,545

Median Household Income

$50,347

Median Earnings

$1,354

Median Rent

$413,400

Median Home Value

Market

Properties on Market for Mixed-use properties in Sullivan County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with residential and commercial units on strategic corner.

Where is this mixed-use property located?

The property is located at 10 Britman Rd Mongaup Valley, NY.

What is the asking price?

The asking price for this property is $690,000.

What are key features of this property?

This property features: Mixed‑use property with 6 rentable units offering immediate income potential.; Strategic corner location on the highway provides high visibility.; Duplex featuring a 2‑bedroom and a 3‑bedroom apartment.