Two-Story Professional Office
For Sale
$549,000
19 Hill Street, Goshen, NY 10924
Well-maintained two-story office with private offices, renovated baths, and off-street parking in a village setting.
Property Size2,262 SF
Price / SF$242.71
Days on Market144
Property Features for 19 Hill Street
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Office
Zoning
OB
Additional Details
Office Units
5
Building Details
Year Built
1881
Stories
2
Listing Agency:
KW Hudson Valley United
(914) 760-7331
Listed By:
Jason McGovern · License #10301205773
(914) 760-7331
Source:
Xome
Added: Mar 16
Changed: Jul 10
Last Checked: Aug 6 at 3:53AM
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 KW Hudson Valley United
Investment Insights
Based on property information with market context.
This well-maintained, professionally landscaped two-story professional office building offers approximately 2,262 SF and is currently configured with five private offices. The space includes a kitchen area and 1.5 fully renovated bathrooms, along with a flexible layout designed to support a range of professional users. Additional on-site features include private off-street parking and a one-car attached garage.
The property is located in the Village of Goshen at 19 Hill Street and is zoned OB, with professional office, business use, and medical office as primary uses. The building is presented in excellent condition, and the seller indicates the property can be delivered vacant or with tenants in place, depending on buyer preference.
With its private office configuration and strong fit for professional services, the property is well-suited for owner-users such as therapists and social workers, as well as other professional office operations. For medical-related users, the zoning allows medical office as a primary use, with buyers encouraged to verify permitted uses. Whether you are looking to occupy the building or acquire it as an investment, the combination of renovated restrooms, off-street parking, and a flexible interior layout supports practical day-to-day operations.
The property is located in the Village of Goshen at 19 Hill Street and is zoned OB, with professional office, business use, and medical office as primary uses. The building is presented in excellent condition, and the seller indicates the property can be delivered vacant or with tenants in place, depending on buyer preference.
With its private office configuration and strong fit for professional services, the property is well-suited for owner-users such as therapists and social workers, as well as other professional office operations. For medical-related users, the zoning allows medical office as a primary use, with buyers encouraged to verify permitted uses. Whether you are looking to occupy the building or acquire it as an investment, the combination of renovated restrooms, off-street parking, and a flexible interior layout supports practical day-to-day operations.
Key Highlights
- Two‑story professional office building built in 1881 with approx. 2,262 SF
- Currently configured with 5 private offices, suited for therapists, social workers, or similar professional users
- 1.5 fully renovated baths and flexible layout with kitchen included
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
$40,221
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
7.33%
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%
$804,420
$804.4K
Cap Rate 7%
$574,586
$574.6K
Cap Rate 9%
$446,900
$446.9K
Market Conditions
NOI Build-Up for 2,262 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
$76.0K $33.60/SF
− Vacancy
−$9.0K −$3.96/SF
EGI
$67.0K $29.64/SF
− OpEx
−$26.8K −$11.85/SF
NOI
$40.2K $17.78/SF
Area
Orange County, NY
Vacancy
11.80%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$804,420
Cap Rate 7%
$574,586
Cap Rate 9%
$446,900
Alternative Uses
Best Use
Healthcare Medical
$574.6K
$502.8K – $670.4K
NOI $40,221 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$540.7K
$473.1K – $630.8K
NOI $37,850 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$766.1K
$670.4K – $893.8K
NOI $53,628 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 10924, NY
14,006
Population
5,178
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
90%
High-School Grad
40.1 sq mi
ZIP Area
349
Density / Sq Mi
$114,567
Median Household Income
$64,567
Median Earnings
$1,668
Median Rent
$433,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office with private offices, renovated baths, and off-street parking in a village setting.
Where is this office building located?
The property is located at 19 Hill Street Goshen, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑story professional office building built in 1881 with approx. 2,262 SF; Currently configured with 5 private offices, suited for therapists, social workers, or similar professional users; 1.5 fully renovated baths and flexible layout with kitchen included
