Open-Plan Storefront Retail
For Sale
$1,695,000
1162 Broadway, Esopus, NY 12429
Open interior layout with central air and flexible retrofit potential for varied commercial uses.
Property Size9,100 SF
Price / SF$186.26
Days on Market529
Property Features for 1162 Broadway
General Information
Standard status
Active
Size
9,100 SF
Total Parking Spaces
30
Property subtype
Commercial Sale / Business
Additional Details
Traffic Count
10,300 vehicles/day
Taxes and HOA fees
Annual Taxes
$32,051
Amenities
Central Air, Yes
Central, Forced Air, Yes
440 Volts, Circuit Breakers, Three Phase, Underground
Concrete
No
1
Yes
Slab
2
Awning(s), Lighting
Block, Brick, Clapboard
13.0
9100.0
Building Details
Year Built
2019
Listing Agency:
Win Morrison Realty
(845) 339-1144
Listed By:
Dennis Cooper · License #10401298613
(845) 339-1144
Source:
Compass
Added: Mar 21, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:45PM
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 Win Morrison Realty
Investment Insights
Based on property information with market context.
Constructed in 2019, this 9,100-square-foot storefront building offers a clear-span, open interior that can be adapted for different commercial configurations. The property includes central air, forced-air heating, concrete construction, a slab foundation, underground three-phase electrical service with 440 volts, and 30 parking spaces.
Located at 1162 Broadway in Esopus, the building fronts Rt. 9W, which carries a reported 10,300 vehicles per day. It sits immediately beside the local firehouse and is identified as the only retail space in the surrounding area. Zoning permits a range of uses, with a zoning chart available for review.
Located at 1162 Broadway in Esopus, the building fronts Rt. 9W, which carries a reported 10,300 vehicles per day. It sits immediately beside the local firehouse and is identified as the only retail space in the surrounding area. Zoning permits a range of uses, with a zoning chart available for review.
Key Highlights
- 9,100‑square‑foot storefront building constructed in 2019
- Open interior supports multiple retrofit configurations
- 30 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,167,080
$2.2M
Cap Rate 7%
$1,547,914
$1.5M
Cap Rate 9%
$1,203,933
$1.2M
Market Conditions
NOI Build-Up for 9,100 SF
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.
Gross rent
$163.8K $18.00/SF
− Vacancy
−$9.0K −$0.99/SF
EGI
$154.8K $17.01/SF
− OpEx
−$46.4K −$5.10/SF
NOI
$108.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,167,080
Cap Rate 7%
$1,547,914
Cap Rate 9%
$1,203,933
Alternative Uses
Best Use
Retail
$1.55M
$1.35M – $1.81M
NOI $108,354 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$85.10M
$74.46M – $99.28M
NOI $5,957,073 @ 7.0% cap · market cap 351.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,300 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
7,895 visits/mo
0.2 miles
Demographics for 12429, NY
329
Population
56
Households
5.9
Avg Household Size
32
Median Age
100%
High-School Grad
0.7 sq mi
ZIP Area
470
Density / Sq Mi
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Open interior layout with central air and flexible retrofit potential for varied commercial uses.
Where is this storefront property located?
The property is located at 1162 Broadway Esopus, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 9,100‑square‑foot storefront building constructed in 2019; Open interior supports multiple retrofit configurations; 30 on‑site parking spaces
