Two-Story Professional Office
For Sale
$549,000
19 Hill Street, Goshen, NY 10924
SINGLE_FAMILY - Goshen, NY
Property Size2,262 SF
Lot Size0.23 Acres
Price / SF$242.71
Days on Market94
Property Features for 19 Hill Street
General Information
Property type
Residential
Property subtype
Office
Zoning
OB
Rooms
Basement
Parking
8
Parking features
Parking Lot
Basement
Unfinished
Elementary school
Scotchtown Avenue
Middle school
C J Hooker Middle School
High school
Goshen Central High School
Elementary school district
Goshen
Middle school district
Goshen
High school district
Goshen
Directions
Main Street Village of Goshen to Hill Street.
Standard status
Active
APN
333001-109-000-0002-002.000-0000
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13572
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
shared kitchen
fully renovated bathrooms
Building Details
Year built
1881
Floors in Building
2
Number of units
5
Flooring type
Hardwood
Building materials
Wood Siding
Listing Agency:
Keller Williams Hudson Valley · Keller Williams Realty
(845) 610-6065
Listed By:
Jason L McGovern · License #10301205773
(914) 760-7331
Added: May 5
Changed: Aug 3
Last Checked: Aug 6 at 10:06PM
MLS# 994863
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 19 Hill Street in the Village of Goshen, this two-story professional office building is offered for sale in excellent, well-maintained condition. The interior is currently configured with five private offices supported by a shared kitchen and 1.5 fully renovated bathrooms, with a flexible layout for continued adaptation to professional needs.
The property includes private off-street parking and a one-car attached garage. Zoning is OB, with professional office, business use, and medical office identified as primary uses; buyers should verify permitted uses. The building can be delivered vacant or with tenants in place.
The property includes private off-street parking and a one-car attached garage. Zoning is OB, with professional office, business use, and medical office identified as primary uses; buyers should verify permitted uses. The building can be delivered vacant or with tenants in place.
Key Highlights
- Two‑story professional office building with approx. 2,262 SF in the Village of Goshen
- Configured with 5 private offices plus a shared kitchen for professional use
- Includes 1.5 fully renovated baths and a flexible layout
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
1
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 units - Two-story office building with five private offices, shared kitchen, and renovated 1.5 baths, plus private parking and garage.
Where is this office units 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 with approx. 2,262 SF in the Village of Goshen; Configured with 5 private offices plus a shared kitchen for professional use; Includes 1.5 fully renovated baths and a flexible layout
