Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14217 - 14219 NYS Route 9N Au Sable Forks, NY 12912

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $630,000

    Well-maintained 9-unit multifamily portfolio in the heart of AuSable Forks.

    Type:Multifamily
    Property size:
    7,326 SF
    Added:
    Aug 26, 2025
    Days on Market:
    218
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 14217 - 14219 NYS Route 9N

    General Information

    Standard status
    Active
    Size
    7,326 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    PJ Whitbeck

    Listing agent PJ Whitbeck License #NY

    Listing office Coldwell Banker Whitbeck

    Listing date Aug 26, 2025

    Source Crexi

    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 Coldwell Banker Whitbeck

    Overview

    High-Performing Multifamily Portfolio in Ausable Forks

    This is an exceptional opportunity to acquire a high-performing 9-unit multi-family portfolio in the heart of AuSable Forks. The package consists of two well-maintained, neighboring buildings being sold together. The property offers immediate scale and a gross monthly income of $8,925. The unit mix is diverse, featuring one 3-bedroom unit, three 2-bedroom units, four 1-bedroom units, and one studio unit. The units are separately metered for utilities. There is ample off-street parking available. The property has a high-occupancy history and is within walking distance to local amenities, including coffee shops, bars, and restaurants, ensuring high tenant retention. The property is situated 20 minutes from Whiteface Ski Resort and 30 minutes from Lake Placid and Plattsburgh, making it prime for workforce or recreational housing. With a strong day-one cap rate and a location central to the Adirondack High Peaks region, this is an ideal addition for the sophisticated commercial investor. The property size is 7,326 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Au Sable Forks
    County
    Clinton
    State
    New York
    Longitude
    -73.682019
    Latitude
    44.431822

    Nearby Similar for Sale

    • $305,000
      8,304 SF

      Main Street Mixed-Use Investment

      Mixed-use property with retail and residential income potential.
      14220 NYS Route 9N, Au Sable Forks, NY 12912
      View Details
    • $75,000
      11,424 SF

      Mixed-Use Property in Au Sable Forks

      Mixed-use property with apartments and storefront in Au Sable Forks.
      14229 NYS Route 9N, Au Sable Forks, NY 12912
      View Details
    • $165,000
      3,926 SF

      Spacious Duplex with Large Backyard

      Expansive duplex in Au Sable Forks, excellent for investment.
      14 Golf Course Road, Au Sable Forks, NY 12912
      View Details
    • $359,000
      7,896 SF

      Retail Investment Opportunity in Au Sable Forks

      Commercial property with long-term tenant, Tops Supermarket, in Au Sable Forks.
      14428 Route 9 N, Au Sable Forks, NY 12912
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 9-unit multifamily portfolio in the heart of AuSable Forks.
    Where is this apartment building located?
    The property is located at 14217 - 14219 NYS Route 9N Au Sable Forks, NY.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: High‑Performing 9‑Unit Multi‑Family Portfolio with Immediate Scale; Strategic Location: just 20 minutes from Whiteface Ski Resort, and 30 minutes from Lake Placid and Plattsburgh; Strong Day‑One Cap Rate
    We can help!
    Listing Contact
    PJ Whitbeck
    Real Estate License ID: NY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!