Mixed-Use Brick Building with
13 Benton Avenue Middletown, NY 10940
13 Benton Avenue, Middletown, NY, 10940
$395,000
For Sale
$395,000
Brick mixed-use building with three units, including office space on one level and two one-bedroom apartments.
Property Size1,450 SF
Price / SF$272.41
Days on Market58
Property Features for 13 Benton Avenue
General Information
- Standard status
- Active
- Size
- 1,450 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1870
Listing agency
Howard Hanna Rand Realty
(845) 562-0050
Listed by
John N Biasi
(845) 562-0050
Source
Compass
Added: May 26 Updated: Jul 22 at 12:25PM Checked: Jul 22 at 12:25PM
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 Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
This brick mixed-use building offers three separate units arranged across multiple levels. The first unit is office space suited for professional uses, while the second and third levels each provide a spacious one-bedroom apartment. The building is described as being in good condition, with separate electric and hot water heaters serving the units. A concrete staircase provides a second means of egress, and a large parking lot supports the property.
The property is located in Middletown, with proximity to restaurants, shops, and pubs noted in the remarks, as well as access to major highways and nearby train and bus terminals.
Overall, the configuration combines office and residential income potential within a single brick structure, with dedicated utility systems and convenient parking on site.
The property is located in Middletown, with proximity to restaurants, shops, and pubs noted in the remarks, as well as access to major highways and nearby train and bus terminals.
Overall, the configuration combines office and residential income potential within a single brick structure, with dedicated utility systems and convenient parking on site.
Key Highlights
- Brick mixed‑use building built in 1870 with 3 units total—office space plus two 1‑bedroom apartments
- Office space on one level with two separate 1‑bedroom apartments on the upper levels
- Large parking lot plus parking lot exterior feature for tenant and customer use
Local Financial Insights For Multifamily LT 5
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 | $42.6k | $29.40 |
| − Vacancy | −$1.5k | −$1.01 |
| EGI | $41.2k | $28.39 |
| − OpEx | −$12.4k | −$8.52 |
| NOI | $28.8k | $19.88 |
1,450 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.7K
$360.3K – $480.3K
NOI $28,820 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$387.5K
$339.0K – $452.1K
NOI $27,123 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$491.1K
$429.7K – $573.0K
NOI $34,377 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mc Carey's Real ...
Real Estate Agency
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FAQs
What type of property is this?
Triplex - Brick mixed-use building with three units, including office space on one level and two one-bedroom apartments.
Where is this triplex located?
The property is located at 13 Benton Avenue Middletown, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1870 with 3 units total—office space plus two 1‑bedroom apartments; Office space on one level with two separate 1‑bedroom apartments on the upper levels; Large parking lot plus parking lot exterior feature for tenant and customer use
