Five-Unit Mixed-Use
For Sale
$1,195,000
105 Partition Street, Saugerties, NY 12477
The property combines residential and commercial space with basement storage and access to parking from the municipal lot.
Property Size8,559 SF
Price / SF$139.62
Days on Market10
Property Features for 105 Partition Street
General Information
Standard status
Active
Size
8,559 SF
Zoning
05
Site & Location
Road Access
Yes
Mixed-Use Components
residential, commercial
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$17,128
Amenities
storage space
washer/dryer
Bilco Door(s),Full,Storage Space
Yes
Bilco Door(s), Full, Storage Space
Public
No
8559
Building Details
Building Size
8,559 SF
Buildings
1
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:23PM
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 Josephine Nicolosi
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Investment Insights
Based on property information with market context.
This mixed-use building contains five units: three residential and two commercial. The basement provides storage and houses the laundry equipment and mechanical systems. Several parking spaces are on the property, with vehicle access from the adjoining municipal parking lot.
Town approval was previously granted for an addition of approximately 7,800 square feet across three floors, creating five more units: one commercial space of approximately 2,600 square feet and four residential units of varying sizes. Alteration plans are available. The property is at 105 Partition Street in Saugerties, near Route 87 and approximately 100 miles from Manhattan.
Town approval was previously granted for an addition of approximately 7,800 square feet across three floors, creating five more units: one commercial space of approximately 2,600 square feet and four residential units of varying sizes. Alteration plans are available. The property is at 105 Partition Street in Saugerties, near Route 87 and approximately 100 miles from Manhattan.
Key Highlights
- Five units: three residential and two commercial
- Previously town‑approved addition of approximately 7,800 square feet over three floors
- Proposed addition includes a commercial space of approximately 2,600 square feet and four residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,912
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,240
$2.0M
Cap Rate 7%
$1,455,886
$1.5M
Cap Rate 9%
$1,132,356
$1.1M
Market Conditions
NOI Build-Up for 8,559 SF
Gross rent
$154.1K $18.00/SF
− Vacancy
−$8.5K −$0.99/SF
EGI
$145.6K $17.01/SF
− OpEx
−$43.7K −$5.10/SF
NOI
$101.9K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,240
Cap Rate 7%
$1,455,886
Cap Rate 9%
$1,132,356
Alternative Uses
Best Use
Apartment 5plus
$69.71M
$61.00M – $81.33M
NOI $4,879,681 @ 7.0% cap · market cap 408.34%
Second Best
Retail
$1.46M
$1.27M – $1.70M
NOI $101,912 @ 7.0% cap · market cap 8.53%
Theoretical Best
Multifamily LT 5
$80.04M
$70.04M – $93.38M
NOI $5,602,922 @ 7.0% cap · market cap 468.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
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Business Placement
Demographics for 12477, NY
18,559
Population
9,483
Households
2
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
66.7 sq mi
ZIP Area
278
Density / Sq Mi
$72,353
Median Household Income
$49,357
Median Earnings
$1,239
Median Rent
$292,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines residential and commercial space with basement storage and access to parking from the municipal lot.
Where is this mixed-use property located?
The property is located at 105 Partition Street Saugerties, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Five units: three residential and two commercial; Previously town‑approved addition of approximately 7,800 square feet over three floors; Proposed addition includes a commercial space of approximately 2,600 square feet and four residential units
