161 E Main St Port Jervis, NY 12771
161 E Main St, Port Jervis, NY, 12771
$6,500,000
For Sale
$6,500,000
Medical Office Space
Property Size28,000 SF
Lot Size1.02 Acres
Price / SF$232.14
Days on Market134
Property Features for 161 E Main St
General Information
- Standard status
- Active
- Size
- 28,000 SF
- Lot size
- 1.02 Acres
- Property subtype
- Commercial
Listing Agency
RAND COMMERCIAL
(845) 500-0784
Listed by
Hilary R. Goldman · License #10401329553
(845) 500-0784
Source
Elliman
Added: Mar 10 Updated: Jul 6 at 10:42 am Checked: Jul 20 at 5:06 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 RAND COMMERCIAL
Investment Insights
Based on property information with market context.
Key Highlights
- Exceptional adaptive re‑use potential in NMU zoning district.
- Approximately 28,000 SF of medical space with existing medical‑grade finishes, ADA‑compliant design, exam rooms, patient bays, and imaging areas.
- Located at the gateway to Port Jervis, 1 mile from the MTA Port Jervis line, with ~10,000 AADT for strong brand visibility.
Local Financial Insights For Healthcare Medical
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 | $756.0k | $27.00 |
| − Vacancy | −$75.6k | −$2.70 |
| EGI | $680.4k | $24.30 |
| − OpEx | −$272.2k | −$9.72 |
| NOI | $408.2k | $14.58 |
28,000 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$5.83M
$5.10M – $6.80M
NOI $408,240 @ 7.0% cap · market cap 6.28%
Second Best
Office B
$5.62M
$4.91M – $6.55M
NOI $393,120 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$7.68M
$6.72M – $8.96M
NOI $537,600 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bon Secours Medical ...
Hospital
Heather Jaeger
Physician
Bon Secours Medical ...
Medical Clinic
Bon Secours Medical ...
Physician
Bon Secours Medical ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- NANCY HALLAM-SMITH — 33 Jersey Ave, Port Jervis, NY 12771
- Tri-State Veterinary Hospital — 33 Jersey Ave, Port Jervis, NY 12771
FAQs
Where is this medical office space located?
The property is located at 161 E Main St Port Jervis, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Exceptional adaptive re‑use potential in NMU zoning district.; Approximately 28,000 SF of medical space with existing medical‑grade finishes, ADA‑compliant design, exam rooms, patient bays, and imaging areas.; Located at the gateway to Port Jervis, 1 mile from the MTA Port Jervis line, with ~10,000 AADT for strong brand visibility.
