Two-Unit Duplex with Full
For Sale
$368,000
19 Cartier Lane, Fort Ann, NY 12827
Zoned Multi Residence and arranged with two separate living units.
Property Size1,820 SF
Price / SF$202.20
Days on Market630
Property Features for 19 Cartier Lane
General Information
Standard status
Active
Size
1,820 SF
Total Parking Spaces
6
Property subtype
Multi Family / Duplex
Zoning
Multi Residence
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,044
Amenities
enclosed porch
Composition
None, No
Baseboard, Hot Water, Propane Tank Owned, Yes
Bilco Doors, Full, Interior Entry, Sump Pump, Unfinished
220 Volts
Carpet, Hardwood, Linoleum
No
Paddle Fan
Concrete Perimeter
Yes
Drywall, Vinyl Siding
Window Treatments, Screens, Blinds, Curtain Rods, Insulated Windows
Electric Dryer Hookup, Washer Hookup
Garage(s)
Smoke Detector(s), Carbon Monoxide Detector(s)
Porch, Side Porch, Glass Enclosed
Building Details
Year Built
1989
Buildings
1
Listing Agency:
Four Seasons Sothebys Int RE
(518) 744-5849
Listed By:
Kim M Bender · License #10401269486
(518) 744-5849
Source:
Compass
Added: Dec 8, 2024
Changed: Aug 29
Last Checked: Aug 29 at 9:14PM
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 Four Seasons Sothebys Int RE
Investment Insights
Based on property information with market context.
Built in 1989, this 1,820-square-foot duplex contains two 910-square-foot units, each offering two bedrooms and an enclosed porch. The property includes a full unfinished basement with interior entry, a sump pump, and Bilco doors, providing substantial storage or utility space. A two-car garage and private driveways serve the property, while baseboard and hot-water heating are supported by an owned propane tank.
Located on a dead-end street, the duplex also features a glass-enclosed side porch, insulated windows, and a combination of carpet, hardwood, and linoleum flooring. Each residence has its own functional living layout, and the two-unit configuration supports separate occupancy within one building.
Located on a dead-end street, the duplex also features a glass-enclosed side porch, insulated windows, and a combination of carpet, hardwood, and linoleum flooring. Each residence has its own functional living layout, and the two-unit configuration supports separate occupancy within one building.
Key Highlights
- Two‑unit duplex with 1,820 SF total; each unit measures 910 SF
- Each unit includes 2 bedrooms and an enclosed porch
- Full unfinished basement with interior entry, Bilco doors, and sump pump
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,460
$421.5K
Cap Rate 7%
$301,043
$301.0K
Cap Rate 9%
$234,144
$234.1K
Market Conditions
NOI Build-Up for 1,820 SF
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.
Gross rent
$31.7K $17.40/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$30.1K $16.54/SF
− OpEx
−$9.0K −$4.96/SF
NOI
$21.1K $11.58/SF
Area
Washington County, NY
Vacancy
4.94%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,460
Cap Rate 7%
$301,043
Cap Rate 9%
$234,144
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$268.4K
$234.9K – $313.2K
NOI $18,789 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$451.5K
$395.1K – $526.8K
NOI $31,607 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 12827, NY
3,878
Population
1,862
Households
2.1
Avg Household Size
46
Median Age
17%
College-Educated
93%
High-School Grad
122.8 sq mi
ZIP Area
32
Density / Sq Mi
$81,607
Median Household Income
$45,612
Median Earnings
$1,113
Median Rent
$205,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Zoned Multi Residence and arranged with two separate living units.
Where is this duplex located?
The property is located at 19 Cartier Lane Fort Ann, NY.
What is the asking price?
The asking price for this property is $368,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,820 SF total; each unit measures 910 SF; Each unit includes 2 bedrooms and an enclosed porch; Full unfinished basement with interior entry, Bilco doors, and sump pump
