Building Details

Building Size 6,800 SF

Year Built 1885

Units 7

Listing Agency: Next Chapter Real Estate Advisors s***@yahoo.com

Listed By: Sydney Palmatier · License #10491213864 Show Phone

Source: Crystinandcorealty

Added: May 16 Changed: Oct 23 Last Checked: Oct 23 at 4:32PM

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Investment Insights

Based on property information with market context.

Built in 1885, this 6,800-square-foot bed and breakfast is listed on the National Register of Historic Places. The guest area contains six suites, each with a private bathroom, plus a guest kitchen, dining room, parlor, and dedicated laundry. A separate owner’s wing has three bedrooms, two bathrooms, and its own laundry. Furnishings for the guest rooms, linens, kitchenware, and select antiques are included. The property also has a 58-panel solar system.

The inn operates as an Airbnb and is offered with a layout that separates the owner’s quarters from the guest spaces. Its configuration supports hospitality use alongside private residential space.

Key Highlights

• Six guest suites, each with an en‑suite bath
• 6,800 square feet; built in 1885
• Three‑bedroom owner’s wing with two bathrooms and private laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,328

Cap Rate

6.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$726,560 $726.6K

Cap Rate 7%

$518,971 $519.0K

Cap Rate 9%

$403,644 $403.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,800 SF

Gross rent

$93.8K $13.80/SF

− Vacancy

−$17.4K −$2.55/SF

EGI

$76.5K $11.25/SF

− OpEx

−$40.2K −$5.90/SF

NOI

$36.3K $5.34/SF

Area

Schoharie County, NY

Vacancy

18.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$726,560

Cap Rate 7%

$518,971

Cap Rate 9%

$403,644

Alternative Uses

Best Use

Apartment 5plus

$992.3K

$868.3K – $1.16M (±1% cap)

NOI $69,461 @ 7.0% cap · market cap 11.79%

Second Best

Hotel Hospitality

$519.0K

$454.1K – $605.5K (±1% cap)

NOI $36,328 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,582 @ 7.0% cap · market cap 21.32%

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

Property Analytics

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Current Use

Bashful Rabbit BnB Bed & Breakfast The New York House ... Bed & Breakfast

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Auto Repair Shop Storage Facility Bakery Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13459, NY

1,956

Population

992

Households

2

Avg Household Size

46

Median Age

23%

College-Educated

90%

High-School Grad

50.4 sq mi

ZIP Area

39

Density / Sq Mi

$64,115

Median Household Income

$36,976

Median Earnings

$1,096

Median Rent

$158,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar Off Market Nearby

• country manor inn bed and breakfast — 629 st highway 20, Sharon Springs, NY 13459
• Sharon Springs Motel — 498 US-20, Sharon Springs, NY 13459
• Park Street Place, 115 Park Street, Sharon Springs, New York — 115 Park St, Sharon Springs, NY 13459
• The Wellington House Bed & Breakfast — 107 Washington St, Sharon Springs, NY 13459
• The New York House Bed & Breakfast — 110 Center St, Sharon Springs, NY 13459

Frequently Asked Questions

What type of property is this?

Bed & breakfast - A separate three-bedroom owner’s wing complements the inn’s guest accommodations and hospitality spaces.

Where is this bed & breakfast located?

The property is located at 110 Center Street Sharon Springs, NY.

What is the asking price?

The asking price for this property is $589,000.

What are key features of this property?

This property features: Six guest suites, each with an en‑suite bath; 6,800 square feet; built in 1885; Three‑bedroom owner’s wing with two bathrooms and private laundry