Mixed-Use Income
156 Broadway Port Ewen, NY 12466
156 Broadway, Port Ewen, NY, 12466
$875,000
For Sale
$875,000
Renovated two-family residences paired with leased studio and rear workshop space, with parking and storage on an oversized lot.
Property Size3,663 SF
Price / SF$238.88
Days on Market69
Property Features for 156 Broadway
General Information
- Standard status
- Active
- Size
- 3,663 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
GENE RIOS REALTY LLC
(845) 336-6100
Listed by
GENE RIOS · License #10401288113
Source
Corcoran
Added: May 15 Updated: Jul 22 at 7:21AM Checked: Jul 22 at 7:21AM
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 GENE RIOS REALTY LLC
Investment Insights
Based on property information with market context.
This mixed-use package includes two adjacent Broadway properties being sold together. 154 Broadway is a fully renovated two-family residence with both units currently leased and updated with new kitchens, renovated bathrooms, new hardwood flooring, and energy-efficient on-demand hot water heaters. The units also feature exposed brick detailing, and tenants pay all utilities.
156 Broadway is a versatile mixed-use property with a leased front commercial studio and a rear commercial space available for lease-up after closing. The front studio is occupied by a creative tenant and includes utilities in the lease, with high ceilings, an open floor plan, and large street-facing display windows. The rear space is set up as a workshop and fabrication environment, outfitted with three-phase electric service and a new Reznor heating system. A dedicated storage shed at the rear of the property conveys with the sale. The properties are located in the Town of Esopus in Ulster County, with convenient access to the Kingston Waterfront and the Rondout District.
156 Broadway is a versatile mixed-use property with a leased front commercial studio and a rear commercial space available for lease-up after closing. The front studio is occupied by a creative tenant and includes utilities in the lease, with high ceilings, an open floor plan, and large street-facing display windows. The rear space is set up as a workshop and fabrication environment, outfitted with three-phase electric service and a new Reznor heating system. A dedicated storage shed at the rear of the property conveys with the sale. The properties are located in the Town of Esopus in Ulster County, with convenient access to the Kingston Waterfront and the Rondout District.
Key Highlights
- Two‑property mixed‑use package: 154 Broadway and 156 Broadway sold together as a package for $875,000.
- 154 Broadway: fully renovated 2‑family with both units currently leased and generating income.
- 154 Broadway updates include new kitchens, renovated bathrooms, new hardwood flooring, and energy‑efficient on‑demand hot water heaters.
Local Financial Insights For Office B
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 | $109.9k | $30.00 |
| − Vacancy | −$14.0k | −$3.81 |
| EGI | $95.9k | $26.19 |
| − OpEx | −$24.0k | −$6.55 |
| NOI | $72.0k | $19.64 |
3,663 SF · lease $30.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$34.26M
$29.97M – $39.96M
NOI $2,397,886 @ 7.0% cap · market cap 274.04%
Second Best
Apartment 5plus
$29.83M
$26.10M – $34.81M
NOI $2,088,360 @ 7.0% cap · market cap 238.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Steve Morris Designs
Interior Design
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family residences paired with leased studio and rear workshop space, with parking and storage on an oversized lot.
Where is this duplex located?
The property is located at 156 Broadway Port Ewen, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑property mixed‑use package: 154 Broadway and 156 Broadway sold together as a package for $875,000.; 154 Broadway: fully renovated 2‑family with both units currently leased and generating income.; 154 Broadway updates include new kitchens, renovated bathrooms, new hardwood flooring, and energy‑efficient on‑demand hot water heaters.
