Mixed-Use Income
119 Church Street Saratoga Springs, NY 12866
119 Church Street, Saratoga Springs, NY, 12866
$859,000
For Sale
$859,000
Three-unit mixed-use property with two renovated apartments and a front office/tailor shop plus extensive off-street parking.
Property Size2,842 SF
Price / SF$302.25
Days on Market124
Property Features for 119 Church Street
General Information
- Standard status
- Active
- Size
- 2,842 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1860
Listing Agency
High Rock Realty
Listed by
Daniel Munn
(518) 639-4663
Source
Signatureonerealtygroup
Added: Mar 17 Checked: Jul 18 at 3:22 am
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 High Rock Realty
Investment Insights
Based on property information with market context.
This three-unit mixed-use building includes two apartments and a front office/tailor shop. The apartments consist of one 2-bedroom unit and one 3-bedroom unit, and the apartments have been recently renovated. The property also features a 700+- office/tailor shop in front.
The building sits on a large 0.16-acre lot with plenty of off-street parking. There are two sheds, a fenced yard, and a garden. The lot extends to the alley at the rear, providing flexible space and access.
Reported income is associated with the 3-bedroom unit. With a variance, the tailor shop can be used as a professional office with a sign and off-street parking.
The building sits on a large 0.16-acre lot with plenty of off-street parking. There are two sheds, a fenced yard, and a garden. The lot extends to the alley at the rear, providing flexible space and access.
Reported income is associated with the 3-bedroom unit. With a variance, the tailor shop can be used as a professional office with a sign and off-street parking.
Key Highlights
- 3‑unit mixed‑use building built in 1860 with two apartments and a front office/tailor shop
- Two renovated apartments: one 2BR and one 3BR; reported income reflects the 3BR unit
- Front 700+- SF office/tailor shop; with a variance, can be used as a professional office with a sign and off‑street parking
Local Financial Insights For Multifamily LT 5
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 | $63.1k | $22.20 |
| − Vacancy | −$2.8k | −$1.00 |
| EGI | $60.3k | $21.20 |
| − OpEx | −$18.1k | −$6.36 |
| NOI | $42.2k | $14.84 |
2,842 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $703.0K
NOI $42,177 @ 7.0% cap · market cap 4.91%
Second Best
Office B
$549.2K
$480.6K – $640.7K
NOI $38,444 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$850.7K
$744.3K – $992.4K
NOI $59,546 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Di Matteo's Custom ...
(Bike/Boat/Book/etc) Store
Giovanni's Concrete Services
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit mixed-use property with two renovated apartments and a front office/tailor shop plus extensive off-street parking.
Where is this triplex located?
The property is located at 119 Church Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: 3‑unit mixed‑use building built in 1860 with two apartments and a front office/tailor shop; Two renovated apartments: one 2BR and one 3BR; reported income reflects the 3BR unit; Front 700+- SF office/tailor shop; with a variance, can be used as a professional office with a sign and off‑street parking
