Detached Residential Income
For Sale
$329,000
Pending
14 West Street, Port Jervis, NY 12771
Detached residential property with natural-gas hot-water baseboard heat and a partial unfinished basement.
Property Size1,946 SF
Days on Market96
Property Features for 14 West Street
General Information
Standard status
Pending
Size
1,946 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,381
Amenities
Baseboard, Hot Water, Natural Gas
Partial, Unfinished
Ceiling Fan(s)
Neighborhood
Partial
Detached, Driveway, Off Street, On Street, Private
Other
Building Details
Building Size
1,946 SF
Year Built
1870
Listing Agency:
SKIPPING STONES REALTY
(845) 665-5074
Listed By:
Joyce Klimkiewicz · License #10491209677
(845) 665-5074
Source:
Evrealestate
Added: May 17
Changed: Aug 9
Last Checked: Aug 20 at 4:08AM
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 SKIPPING STONES REALTY
Investment Insights
Based on property information with market context.
This detached residential income property was built in 1870 and features baseboard heating supplied by hot water and natural gas. Interior details include ceiling fans and a partial, unfinished basement. The property includes a private driveway, off-street parking, and on-street parking. It is located at 14 West Street in Port Jervis, Orange County, with directions provided from East Main Street through Kingston Avenue to West Street.
Key Highlights
- Built in 1870
- Baseboard heating with hot water and natural gas
- Partial, unfinished basement
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
$14,856
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
4.52%
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%
$297,120
$297.1K
Cap Rate 7%
$212,229
$212.2K
Cap Rate 9%
$165,067
$165.1K
Market Conditions
NOI Build-Up for 1,946 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
$29.4K $15.12/SF
− Vacancy
−$2.4K −$1.24/SF
EGI
$27.0K $13.88/SF
− OpEx
−$12.2K −$6.25/SF
NOI
$14.9K $7.63/SF
Area
Sullivan County, NY
Vacancy
8.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
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%
$297,120
Cap Rate 7%
$212,229
Cap Rate 9%
$165,067
Alternative Uses
Best Use
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,856 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Detached residential property with natural-gas hot-water baseboard heat and a partial unfinished basement.
Where is this residential income property located?
The property is located at 14 West Street Port Jervis, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Built in 1870; Baseboard heating with hot water and natural gas; Partial, unfinished basement
