Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ground-Floor Apartment with Den/Office Title is generated by Realmo AI

    2 Mountain Ave, Middletown, NY 10940

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,225 /Mo

    Comfortable ground-floor apartment with den/office, parking, and storage.

    Type:Multi Family
    Added:
    Mar 24, 2026
    Days on Market:
    61
    Last Refresh:
    Mar 21 at 7:43 am

    Property Features for 2 Mountain Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Bernadette Giordano

    Listing agent Bernadette Giordano

    Listing office

    Listing date Mar 24, 2026

    Source Elliman

    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 Bernadette Giordano

    HighLights

    • Convenient location near schools, parks, shopping, and everyday amenities.
    • Two dedicated parking spaces.
    • Two spacious bedrooms plus a versatile den/office.
    • Private shed for extra storage.
    • Ground‑level access.
    • Peaceful residential street.

    Overview

    Located on a quiet residential street, this ground-floor apartment includes 2 bedrooms and a den/office, providing flexible living space suitable for remote work or guests. The apartment offers convenient access to nearby schools, parks, shopping, and everyday amenities. Additional features include two dedicated parking spaces and a private shed for extra storage. Ground-level access is also provided.
    Location Intelligence

    Current Use by Public Records

    2020ximilperfectdrywall Interior Design

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.4312719
    Latitude
    41.4457519

    Nearby Similar for Lease

    • $2,000/Mo
      3,000 SF

      Middletown Commercial Space Available

      Victorian building suitable for fitness, yoga, or martial arts.
      12 Washington Street, Middletown, NY 10940
      View Details
    • $3,800/Mo
      3,136 SF

      Versatile Commercial Space on Route 17K

      Flexible warehouse and office space available for lease in Middletown.
      2824 State Route 17K, Middletown, NY 10941
      View Details
    • $10 SF/Yr

      Middletown Office Space Available

      Well-maintained office space in a convenient Middletown location.
      495 Schutt Road Extension, Middletown, NY 10940
      View Details
    • $5,500/Mo
      5,000 SF

      Versatile Commercial Space, Middletown, NY

      Prime commercial space in Middletown's vibrant business district.
      21 North Street, Middletown, NY 10940
      View Details
    • $2,000/Mo
      1,000 SF

      Middletown Retail Storefront for Rent

      Retail storefront in a busy Middletown location, close to amenities.
      7 South Street, Middletown, NY 10940
      View Details
    • $3,000/Mo

      Turnkey Salon in Middletown, NY

      Fully equipped salon with mixed-use zoning in high-visibility location.
      280 Route 211 E, Middletown, NY 10940
      View Details
    • $1,800/Mo

      East Main Street Commercial Space

      Commercial space on East Main St, Middletown, NY for rent.
      371 E Main Street, Middletown, NY 10940
      View Details
    • $895/Mo

      Versatile Office Space in Middletown

      Well-located office space suitable for various businesses.
      280 Route 211 E, Middletown, NY 10940
      View Details
    • $6,800/Mo

      Versatile Industrial Shell in Middletown

      Industrial space in Middletown's City Center with flexible DMU Zoning.
      8 John Street, Middletown, NY 10940
      View Details
    • $2,000/Mo

      Prime Commercial Space Available

      High-visibility commercial space with ample parking in Middletown, NY.
      207 Monhagen Avenue, Middletown, NY 10940
      View Details
    • $1,200/Mo

      Storefront on Main Road

      Spacious commercial space with high visibility and full bathroom.
      364 North Street, Middletown, NY 10940
      View Details
    • $1,800/Mo

      Downtown Middletown Retail Space Available

      Fully operational commercial space in downtown Middletown, ready for your business.
      248 North Street, Middletown, NY 10940
      View Details

    FAQs

    What type of property is this?
    Residential income property - Comfortable ground-floor apartment with den/office, parking, and storage.
    Where is this residential income property located?
    The property is located at 2 Mountain Ave Middletown, NY.
    What is the lease rate?
    The lease rate is $2,225 /Mo.
    What are key features of this property?
    This property features: Convenient location near schools, parks, shopping, and everyday amenities.; Two dedicated parking spaces.; **Two spacious bedrooms plus a versatile den/office.**
    We can help!
    Listing Contact
    Bernadette Giordano
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2 Mountain Ave, Middletown, NY 10940
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!