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    17 Mckenzie St Bergen, NY 14416

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    Pending
    $199,900

    Large three-family home with separate utilities and garage.

    Property size:
    3,552 SF
    Lot size:
    0.42 Acres

    Property Features for 17 Mckenzie St

    General Information

    Standard status
    Pending
    Size
    3,552 SF
    Lot size
    0.42 Acres
    Exterior features
    Flat, Asphalt, Corner Lot., 3 Garage Spaces. Garage., Wood, Rectangular, 80X231, Trash Collection. Corner, City Road, Rectangular.
    Interior features
    Electric, Gas, Partial, Walkout, 3, Hardwood, Carpet, Cable Available, Storm Window

    Building Details

    Year built
    1874

    We can help!

    Listing Contact
    Todd Enright
    Todd Enright
    Source: Xome

    Listing Agency: RE/MAX Realty Group Listing Agent: Todd Enright

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious Three-Family Village Home

    Located in a village setting, this three-family home at 17 Mckenzie Street features a rare and spacious layout. The property includes one four-bedroom unit, one three-bedroom unit, and a one-bedroom unit, combining for over 3000 square feet of living space. The property sits on an extra-large, wide lot and includes a three-car garage, suitable for tenants or storage. Each unit has separate utilities, and all appliances are included. The property is fully rented, with the four-bedroom unit related to the seller. Delayed negotiation is scheduled for February 27th at 3:00pm.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Auto Parts Store Bar & Pub Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bergen
    County
    Genesee
    State
    New York
    Longitude
    -77.941488
    Latitude
    43.0819092

    Nearby Similar for Sale

    • New
      $159,000
      Pending

      Bergen Multifamily Property For Sale

      Multifamily property with income potential in Bergen, New York.
      17 Buffalo Street Ext, Bergen, NY 14416
      View Details
    • $199,900
      Pending

      Spacious Three-Family Home in Bergen

      Rare three-family home with separate utilities and a three-car garage.
      17 Mckenzie St, Bergen, NY 14416
      View Details
    • Contact for pricing
      3,950 SF

      Multi-Use Property with Business Potential

      Established company with multi-use property for sale.
      Complete Landscape Design Construction And Maintenance Company, Bergen, NY 14416
      View Details

    FAQs

    What type of property is this?
    Triplex - Large three-family home with separate utilities and garage.
    Where is this triplex located?
    The property is located at 17 Mckenzie St Bergen, NY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Three separate units totaling over 3000 sq ft, offering diverse rental income potential.; - Extra-large, wide corner lot with a three-car garage, providing ample parking and storage.; - All separate utilities for each unit, simplifying tenant management and expense tracking.
    (585) 233-7099
    Request Owner's contact information
    17 Mckenzie St Bergen, NY 14416
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    Bergen, NY 14416
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    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
    17 Mckenzie St Bergen, NY 14416
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    We can help!
    Listing Contact
    Todd Enright
    Todd Enright
    Real Estate License ID: 40EN0798448
    Learn More
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