Renovated Multi-Family Investment
For Sale
$799,000
Pending
172 Front St 172, Port Jervis, NY 12771
Turnkey, renovated four-unit property near Delaware River and downtown.
Property Size4,668 SF
Lot Size0.11 Acres
Days on Market174
Property Features for 172 Front St 172
General Information
Standard status
Pending
Size
4,668 SF
Lot size
0.11 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,370
Building Details
Building Size
4,668 SF
Year Built
1916
Units
4
Listing Agency:
Coldwell Banker Realty
(914) 262-3590
Listed By:
Barry Malawer · License #30MA0949894
(914) 262-3590
Source:
Elliman
Added: Mar 10
Changed: Aug 25
Last Checked: Aug 29 at 10:32AM
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 Realty
Investment Insights
Based on property information with market context.
This renovated four-unit multi-family property has undergone a full renovation down to the framing. Each unit has a private entrance and separate utilities. The property is located near the Delaware River and downtown Port Jervis, providing access to shopping, dining, and entertainment. The property is designed for the high-end rental market and includes a mix of two three-over-three bedroom units and two two-over-two bedroom units. A common laundry room is available with hook-ups for two washers and two dryers. Access to the yard and basement, where the common laundry is located, is also provided. This property is positioned to capitalize on a thriving rental market.
Key Highlights
- Completely renovated to the studs, offering a turnkey investment property.
- Four units with private entrances and separate utilities for tenant convenience.
- Prime location within walking distance to the Delaware River and downtown Port Jervis, near shopping, dining, and entertainment.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,215
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,300
$744.3K
Cap Rate 7%
$531,643
$531.6K
Cap Rate 9%
$413,500
$413.5K
Market Conditions
NOI Build-Up for 4,668 SF
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.
Gross rent
$59.9K $12.84/SF
− Vacancy
−$6.8K −$1.45/SF
EGI
$53.2K $11.39/SF
− OpEx
−$15.9K −$3.42/SF
NOI
$37.2K $7.97/SF
Area
Sullivan County, NY
Vacancy
11.30%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$744,300
Cap Rate 7%
$531,643
Cap Rate 9%
$413,500
Alternative Uses
Best Use
Multifamily LT 5
$531.6K
$465.2K – $620.3K
NOI $37,215 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$509.1K
$445.5K – $593.9K
NOI $35,636 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,626 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 12771, NY
14,423
Population
6,163
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
417
Density / Sq Mi
$67,926
Median Household Income
$38,539
Median Earnings
$1,310
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey, renovated four-unit property near Delaware River and downtown.
Where is this quadplex located?
The property is located at 172 Front St 172 Port Jervis, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Completely renovated to the studs, offering a turnkey investment property.; Four units with private entrances and separate utilities for tenant convenience.; Prime location within walking distance to the Delaware River and downtown Port Jervis, near shopping, dining, and entertainment.
