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 Market29
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 #31DE0891986
Source:
Moodyscre
Added: Jul 8
Changed: Aug 1
Last Checked: Aug 5 at 10:08AM
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
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 For Retail
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 | $398.2k | $19.08 |
| − Vacancy | −$16.7k | −$0.80 |
| EGI | $381.5k | $18.28 |
| − OpEx | −$114.4k | −$5.48 |
| NOI | $267.0k | $12.80 |
20,870 SF · lease $19.08/SF/yr · vacancy 4.20% · expense 30.00%
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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
