Mixed-Use Building with Three
107 Railroad Ave Unit Middlebu Middleburgh, NY 12122
107 Railroad Ave Unit Middlebu, Middleburgh, NY, 12122
$429,000
For Sale
$429,000
Mixed-use building with an occupied 2-bedroom apartment and two leased storefronts, producing documented annual income.
Property Size2,516 SF
Price / SF$170.51
Days on Market391
Property Features for 107 Railroad Ave Unit Middlebu
General Information
- Standard status
- Active
- Size
- 2,516 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
(845) 461-5132
Listed by
Keller Williams Hudson Valley
(845) 461-5132
Source
Xome
Added: Jun 28, 2025 Updated: Jul 23 at 4:24AM Checked: Jul 23 at 4:24AM
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 Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
This mixed-use building offers three revenue-generating units totaling approximately 2,516 square feet. The property includes a spacious 2-bedroom apartment (about 1,258 square feet) that is currently occupied by a long-term tenant. Two additional storefront spaces are leased to long-term tenants, including Value Village Wine & Liquor and a pet grooming business.
The sale includes the thriving wine and liquor operation, with the business name and business-related components identified in the remarks, including POS system and security cameras. The business is described as grossing $525K+ annually, with $100K+ in inventory included, supporting a turnkey transition. The combined NOI is reported as $69,751 with a 15.53% cap rate.
Located in Middleburgh, New York, the property is positioned for an owner seeking steady, existing rental income from fully leased units.
The sale includes the thriving wine and liquor operation, with the business name and business-related components identified in the remarks, including POS system and security cameras. The business is described as grossing $525K+ annually, with $100K+ in inventory included, supporting a turnkey transition. The combined NOI is reported as $69,751 with a 15.53% cap rate.
Located in Middleburgh, New York, the property is positioned for an owner seeking steady, existing rental income from fully leased units.
Key Highlights
- 2,516 SF mixed‑use building (built 1920) with 3 revenue‑generating units: an occupied 2BD apartment plus two leased storefronts
- Occupied 2‑bedroom apartment totals 1,258 SF with a long‑term tenant in place
- Two leased storefronts include Value Village Wine & Liquor (business name, POS system, and security cameras included) plus a pet groomer tenant
Local 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 | $46.8k | $18.60 |
| − Vacancy | −$3.4k | −$1.34 |
| EGI | $43.4k | $17.26 |
| − OpEx | −$13.0k | −$5.18 |
| NOI | $30.4k | $12.08 |
2,516 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 7.09%
Second Best
Mixed Use
$423.6K
$370.7K – $494.2K
NOI $29,654 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with an occupied 2-bedroom apartment and two leased storefronts, producing documented annual income.
Where is this mixed-use property located?
The property is located at 107 Railroad Ave Unit Middlebu Middleburgh, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,516 SF mixed‑use building (built 1920) with 3 revenue‑generating units: an occupied 2BD apartment plus two leased storefronts; Occupied 2‑bedroom apartment totals 1,258 SF with a long‑term tenant in place; Two leased storefronts include Value Village Wine & Liquor (business name, POS system, and security cameras included) plus a pet groomer tenant
