Building Details

Building Size 1,832 SF

Year Built 1890

Stories 2

Units 3

Listing Agency: Bridgeview Real Estate Services

Listed By: Kirk Gilchrist · License #10401317321 Show Phone

Source: Elliman

Added: Jul 10 Changed: Oct 13 Last Checked: Oct 16 at 9:30AM

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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 Bridgeview Real Estate Services

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Investment Insights

Based on property information with market context.

This waterfront triplex at 12093 County Route 125 includes three fully updated units and up to 25 boat slips that may be rented separately. The property was built in 1890 and combines residential income space with direct waterfront-related operations.

An additional lot is also available for separate purchase. That parcel may be built on or retained for other uses, subject to applicable approvals. The property is located in Lyme, NY 13622, in a car-dependent area with a Walk Score of 0 and a Bike Score of 29.

Key Highlights

• Three‑unit waterfront triplex with fully updated units
• Up to 25 boat slips available for rental
• Additional lot available for separate purchase

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,084

Cap Rate

3.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,680 $301.7K

Cap Rate 7%

$215,486 $215.5K

Cap Rate 9%

$167,600 $167.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,832 SF

Gross rent

$23.1K $12.60/SF

− Vacancy

−$1.5K −$0.84/SF

EGI

$21.5K $11.76/SF

− OpEx

−$6.5K −$3.53/SF

NOI

$15.1K $8.23/SF

Area

Jefferson County, NY

Vacancy

6.65%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,680

Cap Rate 7%

$215,486

Cap Rate 9%

$167,600

Alternative Uses

Best Use

Multifamily LT 5

$215.5K

$188.6K – $251.4K (±1% cap)

NOI $15,084 @ 7.0% cap · market cap 3.36%

Second Best

Apartment 5plus

$192.8K

$168.7K – $224.9K (±1% cap)

NOI $13,494 @ 7.0% cap · market cap 3.01%

Theoretical Best

Office A

$505.0K

$441.9K – $589.2K (±1% cap)

NOI $35,350 @ 7.0% cap · market cap 7.87%

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

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Building Supply HVAC Service Storage Facility Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store

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

84

Businesses Nearby

Explore this area Business Placement

Demographics for 13622, NY

2,182

Population

1,335

Households

1.6

Avg Household Size

48

Median Age

30%

College-Educated

95%

High-School Grad

52.9 sq mi

ZIP Area

41

Density / Sq Mi

$78,136

Median Household Income

$39,934

Median Earnings

$1,011

Median Rent

$226,100

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?

Triplex - Fully updated three-unit property with waterfront setting and rentable boat slips.

Where is this triplex located?

The property is located at 12093 County Route 125 Chaumont, NY.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Three‑unit waterfront triplex with fully updated units; Up to 25 boat slips available for rental; Additional lot available for separate purchase