Building Details

Year Built 1910

Buildings 1

Stories 2

Tenancy Multi

Listing Agency: Coldwell Banker Advisor Realty

Listed By: Jason Walch, Ryan Walch · License #10401403060 Show Phone

Source: Amodiorealestate

Added: Aug 24 Changed: Oct 10 Last Checked: Oct 7 at 5:39PM

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Investment Insights

Based on property information with market context.

Constructed in 1910, this two-story mixed-use building contains approximately 4,400 square feet across five units. The ground floor includes two commercial storefronts, while the upper level provides two one-bedroom apartments and one two-bedroom apartment.

All five units are fully leased, combining street-level commercial occupancy with residential space in the same building. The property is located at 100–102 Main St in Philmont, New York, within a Main Street commercial setting.

Key Highlights

• Approximately 4,400 square feet in a two‑story mixed‑use building
• Five total units: two storefronts and three apartments
• Two one‑bedroom apartments plus one two‑bedroom apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,311

Cap Rate

8.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$926,220 $926.2K

Cap Rate 7%

$661,586 $661.6K

Cap Rate 9%

$514,567 $514.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

Gross rent

$73.9K $16.80/SF

− Vacancy

−$7.8K −$1.76/SF

EGI

$66.2K $15.04/SF

− OpEx

−$19.8K −$4.51/SF

NOI

$46.3K $10.53/SF

Area

Columbia County, NY

Vacancy

10.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$926,220

Cap Rate 7%

$661,586

Cap Rate 9%

$514,567

Alternative Uses

Best Use

Retail

$661.6K

$578.9K – $771.9K (±1% cap)

NOI $46,311 @ 7.0% cap · market cap 8.82%

Second Best

Apartment 5plus

$591.2K

$517.3K – $689.7K (±1% cap)

NOI $41,382 @ 7.0% cap · market cap 7.88%

Theoretical Best

Office A

$1.09M

$952.5K – $1.27M (±1% cap)

NOI $76,201 @ 7.0% cap · market cap 14.51%

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

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Building Supply Bakery Garden Center Pharmacy Cafe & Coffee 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.

Lease Details

3

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

Explore this area Business Placement

Demographics for 12565, NY

1,402

Population

744

Households

1.9

Avg Household Size

43

Median Age

26%

College-Educated

97%

High-School Grad

1.4 sq mi

ZIP Area

1,001

Density / Sq Mi

$62,972

Median Household Income

$32,734

Median Earnings

$1,036

Median Rent

$215,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Arts and Crafts Duplex

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two commercial storefronts and three apartments occupy the two-story layout.

Where is this mixed-use property located?

The property is located at 100102 100-102 Main St 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: Approximately 4,400 square feet in a two‑story mixed‑use building; Five total units: two storefronts and three apartments; Two one‑bedroom apartments plus one two‑bedroom apartment