Glens Falls Mixed-Use
144 Glen St, Glens Falls, NY 12801
Three-story brick building with commercial and residential income potential.
Type:Multifamily, Mixed Use
Property size:
6,552 SFPrice / SF:
$142/SF- Added:
- Mar 2, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 1:47 pm
Property Features for 144 Glen St
General Information
- Standard status
- Active
- Size
- 6,552 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1900
Listing office Julie & Co Realty
Listing date Mar 2, 2026
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 Julie & Co Realty
HighLights
- Prime location in the heart of Glens Falls on Centennial Circle.
- Multiple income streams from established commercial and residential rentals.
- Opportunity to create a fourth rental unit on the third floor.
- Newly converted soho‑style loft apartment with 16' ceilings.
- Historic Braydon and Chapman Music Building with iconic mural.
- Updated electrical and plumbing on the third floor.
Overview
Located in the heart of Glens Falls on Centennial Circle, this three-story brick building offers an investment opportunity with multiple income streams. The property features Domino's Pizza, a long-term tenant, occupying the first-floor commercial space. A newly converted and rented soho-style spacious loft apartment, featuring 16' ceilings, graces the second floor. An additional two-bedroom apartment rounds out the first floor's residential offerings. The third-floor residential unit is framed and roughed in, has plumbing and updated electrical, for additional planned living space, and presents a blank canvas for investors to create a fourth rental unit. The building showcases an iconic mural depicting Glens Falls and hot air balloons on its exterior, making it a recognized landmark in the community. This is the former historic Braydon and Chapman Music Building, blending historical significance with modern income-producing potential. The property size is 6552 square feet. With existing established rental incomes and room for expansion, this property represents a rare opportunity to own a piece of Glens Falls history while building an investment portfolio.
Local Financial Insights For Mixed Use
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 | $141.5k | $21.60 |
| − Vacancy | −$11.3k | −$1.73 |
| EGI | $130.2k | $19.87 |
| − OpEx | −$48.8k | −$7.45 |
| NOI | $81.4k | $12.42 |
6,552 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,376 @ 7.0% cap · market cap 8.70%
Second Best
Retail
$904.2K
$791.2K – $1.05M
NOI $63,292 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,278 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Domino's Pizza
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Glens Falls
- County
- Warren
- State
- New York
- Longitude
- -73.6441124
- Latitude
- 43.3092243
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story brick building with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 144 Glen St Glens Falls, NY.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Prime location in the heart of Glens Falls on Centennial Circle.; Multiple income streams from established commercial and residential rentals.; Opportunity to create a fourth rental unit on the third floor.
