Live-Work Mixed-Use
New
For Sale
$399,000
120 Jersey Ave, Port Jervis, NY 12771
A ground-floor commercial area sits beneath private residential quarters with an updated bathroom.
Property Size3,294 SF
Days on Market4
Property Features for 120 Jersey Ave
General Information
Standard status
Active
Size
3,294 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,173
Building Details
Building Size
3,294 SF
Year Built
1931
Buildings
1
Stories
1
Listing Agency:
Keller Williams Hudson Valley Realty & United
Listed By:
Zhiheng Tang · License #10401330531
(845) 610-6065
Source:
Elliman
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 1 at 1:07PM
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 Realty & United
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial area on the first floor with private living space above. The ground-floor area is described as suitable for retail, office, or another business use, while the upstairs residence includes an updated bathroom. The building dates to 1931.
At 120 Jersey Avenue in Port Jervis, the property is directly across from Dollar Tree and near local shops, dining, parks, and commuter transportation.
At 120 Jersey Avenue in Port Jervis, the property is directly across from Dollar Tree and near local shops, dining, parks, and commuter transportation.
Key Highlights
- Two‑level configuration with commercial space below and residential quarters upstairs
- Updated bathroom in the upstairs living area
- Built in 1931
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
$28,683
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
7.19%
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%
$573,660
$573.7K
Cap Rate 7%
$409,757
$409.8K
Cap Rate 9%
$318,700
$318.7K
Market Conditions
NOI Build-Up for 3,294 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
$53.4K $16.20/SF
− Vacancy
−$7.5K −$2.27/SF
EGI
$45.9K $13.93/SF
− OpEx
−$17.2K −$5.22/SF
NOI
$28.7K $8.71/SF
Area
Orange County, NY
Vacancy
14.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$573,660
Cap Rate 7%
$409,757
Cap Rate 9%
$318,700
Alternative Uses
Best Use
Office B
$787.4K
$689.0K – $918.6K
NOI $55,118 @ 7.0% cap · market cap 13.81%
Second Best
Retail
$572.8K
$501.2K – $668.2K
NOI $40,093 @ 7.0% cap · market cap 10.05%
Theoretical Best
Office A
$1.12M
$976.2K – $1.30M
NOI $78,095 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor commercial area sits beneath private residential quarters with an updated bathroom.
Where is this mixed-use property located?
The property is located at 120 Jersey Ave Port Jervis, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑level configuration with commercial space below and residential quarters upstairs; Updated bathroom in the upstairs living area; Built in 1931
