Mixed-Use Building with Retail
For Sale
Contact for pricing
14 East Market Street, Red Hook, NY 12571
The property combines apartment units and retail spaces within General Business zoning.
Property Size20,870 SF
Price / SF$148.30
Days on Market117
Property Features for 14 East Market Street
General Information
Standard status
Active
Size
20,870 SF
Property subtype
RETAIL
Zoning
General Business
Additional Details
Multifamily Units
14
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
SVN | Deegan-Collins Commercial Realty
(845) 339-9100
Listed By:
Joseph Deegan · License ##10491205235
(845) 430-6596
Source:
Moodyscre
Added: Jul 8
Changed: Oct 26
Last Checked: Nov 1 at 6:39AM
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 SVN | Deegan-Collins Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,870 SF mixed-use building contains 23 units, including 14 apartments and 9 retail spaces. The configuration brings residential and commercial components together within one property, with General Business zoning supporting its mixed-use profile.
Located at 14 East Market Street in Red Hook, NY 12571, the property is positioned in a commercial district described as high-traffic. Its combination of apartment and retail spaces offers a single-building format for both residential and commercial occupancy.
Located at 14 East Market Street in Red Hook, NY 12571, the property is positioned in a commercial district described as high-traffic. Its combination of apartment and retail spaces offers a single-building format for both residential and commercial occupancy.
Key Highlights
- 20,870 SF mixed‑use building
- 23 total units: 14 apartments and 9 retail spaces
- General Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$267,033
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,340,660
$5.3M
Cap Rate 7%
$3,814,757
$3.8M
Cap Rate 9%
$2,967,033
$3.0M
Market Conditions
NOI Build-Up for 20,870 SF
Gross rent
$398.2K $19.08/SF
− Vacancy
−$16.7K −$0.80/SF
EGI
$381.5K $18.28/SF
− OpEx
−$114.4K −$5.48/SF
NOI
$267.0K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,340,660
Cap Rate 7%
$3,814,757
Cap Rate 9%
$2,967,033
Alternative Uses
Best Use
Apartment 5plus
$5.12M
$4.48M – $5.98M
NOI $358,542 @ 7.0% cap · market cap 11.58%
Second Best
Retail
$3.81M
$3.34M – $4.45M
NOI $267,033 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$6.28M
$5.50M – $7.33M
NOI $439,757 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 12571, NY
9,600
Population
4,454
Households
2.2
Avg Household Size
47
Median Age
52%
College-Educated
95%
High-School Grad
58.1 sq mi
ZIP Area
165
Density / Sq Mi
$115,200
Median Household Income
$54,338
Median Earnings
$1,338
Median Rent
$386,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines apartment units and retail spaces within General Business zoning.
Where is this mixed-use property located?
The property is located at 14 East Market Street Red Hook, NY.
What is the asking price?
The asking price for this property is $3,095,000.
What are key features of this property?
This property features: 20,870 SF mixed‑use building; 23 total units: 14 apartments and 9 retail spaces; General Business zoning
