Building Details

Building Size 6,560 SF

Year Built 1925

Buildings 1

Stories 2

Units 4

Listing Agency: Kassian Real Estate, LLC Show Phone

Listed By: Michael Kassian · License #37KA0751782 Show Phone

Source: Kassianrealestate

Added: Jul 29 Changed: Oct 29 Last Checked: Oct 27 at 3:40AM

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Investment Insights

Based on property information with market context.

This renovated barn conversion contains four apartments, each with two bedrooms, an open-plan layout, full kitchen, tall ceilings, exposed wood beams, closet space, and a full bathroom. A separate laundry room serves each unit. Updated furnaces and a basement provide additional building features; the basement includes garage-door access. A full loft occupies the third floor. The property was built in 1925 and contains 6,560 square feet.

The building is at 109 Main St in Hailesboro, New York. Shopping, schools, and other amenities are described as minutes away. An adjoining property is also available for sale.

Key Highlights

• Four apartments, each configured with two bedrooms
• 6,560‑square‑foot building, originally built in 1925
• A dedicated laundry room serves each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,520

Cap Rate

8.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$670,400 $670.4K

Cap Rate 7%

$478,857 $478.9K

Cap Rate 9%

$372,444 $372.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,560 SF

Gross rent

$60.6K $9.24/SF

− Vacancy

−$12.7K −$1.94/SF

EGI

$47.9K $7.30/SF

− OpEx

−$14.4K −$2.19/SF

NOI

$33.5K $5.11/SF

Area

St. Lawrence County, NY

Vacancy

21.00%

Lease Rate

$9.24 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$670,400

Cap Rate 7%

$478,857

Cap Rate 9%

$372,444

Alternative Uses

Best Use

Multifamily LT 5

$478.9K

$419.0K – $558.7K (±1% cap)

NOI $33,520 @ 7.0% cap · market cap 8.08%

Second Best

Apartment 5plus

$438.5K

$383.7K – $511.5K (±1% cap)

NOI $30,692 @ 7.0% cap · market cap 7.40%

Theoretical Best

Office A

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,924 @ 7.0% cap · market cap 27.45%

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

Property Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 13642, NY

9,397

Population

4,214

Households

2.2

Avg Household Size

40

Median Age

19%

College-Educated

84%

High-School Grad

189.1 sq mi

ZIP Area

50

Density / Sq Mi

$47,452

Median Household Income

$39,194

Median Earnings

$851

Median Rent

$116,200

Median Home Value

Market

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?

Quadplex - Each residence includes two bedrooms, a full kitchen, and a dedicated laundry room.

Where is this quadplex located?

The property is located at 109 Main St Hailesboro, NY.

What is the asking price?

The asking price for this property is $415,000.

What are key features of this property?

This property features: Four apartments, each configured with two bedrooms; 6,560‑square‑foot building, originally built in 1925; A dedicated laundry room serves each unit