30-Unit Mixed-Use
16 East Main Street, Washingtonville, NY 10992
For Sale
Contact for pricing
Three buildings combine apartment and retail space in Washingtonville’s central commercial district.
Property Size17,177 SF
Lot Size0.42 Acres
Price / SF$298.36
Days on Market33
Property Features for 16 East Main Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
National Multifamily
Listed By:
Matt Cawley · License #REB.0791595
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 4:05PM
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 National Multifamily
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Washingtonville portfolio spans three buildings with 30 units: 19 apartments and 11 retail spaces. The properties contain a combined 17,177 square feet on approximately 0.42 acres. The units are free market and are not currently subject to New York rent regulations. The buildings date from 1880 to 1910.
The portfolio is located along East Main Street (NYS Route 94) and North Street in the village’s central commercial district. I-84 and Route 17 are approximately five miles away. Salisbury Mills-Cornwall Station, on Metro-North’s Port Jervis Line, is less than five miles from the properties, and Stewart International Airport is just over seven miles away.
The portfolio is located along East Main Street (NYS Route 94) and North Street in the village’s central commercial district. I-84 and Route 17 are approximately five miles away. Salisbury Mills-Cornwall Station, on Metro-North’s Port Jervis Line, is less than five miles from the properties, and Stewart International Airport is just over seven miles away.
Key Highlights
- 30 units: 19 apartments and 11 retail spaces
- Three buildings total 17,177 square feet on approximately 0.42 acres
- Located on East Main Street (NYS Route 94) and North Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$321,304
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,426,080
$6.4M
Cap Rate 7%
$4,590,057
$4.6M
Cap Rate 9%
$3,570,044
$3.6M
Market Conditions
NOI Build-Up for 17,177 SF
Gross rent
$606.0K $35.28/SF
− Vacancy
−$21.8K −$1.27/SF
EGI
$584.2K $34.01/SF
− OpEx
−$262.9K −$15.30/SF
NOI
$321.3K $18.71/SF
Area
Orange County, NY
Vacancy
3.60%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,426,080
Cap Rate 7%
$4,590,057
Cap Rate 9%
$3,570,044
Alternative Uses
Best Use
Apartment 5plus
$4.59M
$4.02M – $5.36M
NOI $321,304 @ 7.0% cap · market cap 6.27%
Second Best
Retail
$2.99M
$2.61M – $3.48M
NOI $209,072 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$5.82M
$5.09M – $6.79M
NOI $407,235 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
19
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 10992, NY
9,301
Population
3,559
Households
2.6
Avg Household Size
44
Median Age
30%
College-Educated
91%
High-School Grad
11.3 sq mi
ZIP Area
823
Density / Sq Mi
$113,450
Median Household Income
$51,769
Median Earnings
$1,438
Median Rent
$389,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Orange County, NY
Properties on Market for Mixed-use properties in Orange County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine apartment and retail space in Washingtonville’s central commercial district.
Where is this mixed-use property located?
The property is located at 16 East Main Street Washingtonville, NY.
What is the asking price?
The asking price for this property is $5,125,000.
What are key features of this property?
This property features: 30 units: 19 apartments and 11 retail spaces; Three buildings total 17,177 square feet on approximately 0.42 acres; Located on East Main Street (NYS Route 94) and North Street
