14424 West Bay Road Sterling, NY 13156
Resort and marina on 5.5 acres in Fair Haven.
Property Features for 14424 West Bay Road
General Information
- Standard status
- Active
- Size
- 10,276 SF
- Lot size
- 5.50 Acres
- Property subtype
- Commercial Sale / Apartment
Building Details
- Year Built
- 1900
Listing office Hunt Real Estate ERA (315) 682-7197
Listing date May 18, 2023
Source Compass
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 Hunt Real Estate ERA
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey resort and marina opportunity on 5.5 acres in Fair Haven.
- Located on Little Sodus Bay, ideal for canoeing, kayaking, swimming, and fishing.
- Diverse lodging options: 4 cottages, 4 double wide modular homes, and an oversized brick Victorian house.
Local Financial Insights For Apartment 5plus
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 | $160.3k | $15.60 |
| − Vacancy | −$9.9k | −$0.97 |
| EGI | $150.4k | $14.63 |
| − OpEx | −$67.7k | −$6.58 |
| NOI | $82.7k | $8.05 |
