Mixed-Use Building with
100-102 Main Street Philmont, NY 12529
For Sale
$525,000
Two-story mixed-use building with five fully leased units, including two street-level storefronts and three apartments.
Property Size4,400 SF
Price / SF$119.32
Days on Market59
Property Features for 100-102 Main Street
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1910
Listing Agency:
Coldwell Banker Advisor Realty
(518) 365-0874
Listed By:
Jason Walch · License #10491211845
(518) 365-0874
Source:
Compass
Added: May 26
Changed: Jul 23
Last Checked: Jul 23 at 12:22PM
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 Coldwell Banker Advisor Realty
Investment Insights
Based on property information with market context.
100–102 Main Street is a two-story mixed-use building with five units. Street level includes two fully leased commercial storefronts, and the upper level provides two one-bedroom apartments and one two-bedroom apartment.
The property is located on Main Street in Philmont, NY, and offers a centralized setup with retail frontage at street level and residential units above.
As currently presented, the building is fully leased across its commercial and residential components, creating a diversified income profile within one structure.
The property is located on Main Street in Philmont, NY, and offers a centralized setup with retail frontage at street level and residential units above.
As currently presented, the building is fully leased across its commercial and residential components, creating a diversified income profile within one structure.
Key Highlights
- Two‑story mixed‑use building with approximately 4,400 SF and five units total
- Fully leased: two street‑level commercial storefronts plus three apartments above
- Unit mix includes two 1‑bedroom apartments and one 2‑bedroom apartment
Financial Insights For Retail
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 | $73.9k | $16.80 |
| − Vacancy | −$7.8k | −$1.76 |
| EGI | $66.2k | $15.04 |
| − OpEx | −$19.8k | −$4.51 |
| NOI | $46.3k | $10.53 |
4,400 SF · lease $16.80/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$661.6K
$578.9K – $771.9K
NOI $46,311 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$591.2K
$517.3K – $689.7K
NOI $41,382 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$1.09M
$952.5K – $1.27M
NOI $76,201 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Two-story mixed-use building with five fully leased units, including two street-level storefronts and three apartments.
Where is this mixed-use property located?
The property is located at 100-102 Main Street Philmont, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with approximately 4,400 SF and five units total; Fully leased: two street‑level commercial storefronts plus three apartments above; Unit mix includes two 1‑bedroom apartments and one 2‑bedroom apartment
