Mixed-Use Building with
For Sale
$375,000
20 Brinkerhoff Street, Plattsburgh, NY 12901
The property combines restaurant space, three apartments, a walk-in cooler and full dry-storage basement.
Property Size4,383 SF
Price / SF$85.56
Days on Market280
Property Features for 20 Brinkerhoff Street
General Information
Standard status
Active
Size
4,383 SF
Property subtype
Commercial
Units
Unit Mix
1 x 2BR flat, 1 x 1BR, 1 x Studio
Multifamily Units
3
Additional Details
Road Access
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$7,217
Amenities
High Ceilings
Building Details
Building Size
4,383 SF
Year Built
1920
Buildings
1
Listing Agency:
Century 21 The One
(518) 563-7350
Listed By:
Vanessa Davies
(518) 802-7732
Source:
Homerootsrealty
Added: Jan 19
Changed: Oct 25
Last Checked: Oct 24 at 2:58PM
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 Century 21 The One
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Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property brings together restaurant space and three apartments. Restaurant-related features include a large walk-in cooler and a full basement used for dry storage. The building also has outdoor seating on Brinkerhoff Street and a separate awning at the residential entrance.
The residential portion includes a two-bedroom flat with a private balcony and refinished hardwood floors, a one-bedroom apartment undergoing remodeling, and a studio. The upper-level residences have views of the park. The property stands across from the Strand Center for the Arts and Strand Theatre, near the City of Plattsburgh Christmas tree.
The residential portion includes a two-bedroom flat with a private balcony and refinished hardwood floors, a one-bedroom apartment undergoing remodeling, and a studio. The upper-level residences have views of the park. The property stands across from the Strand Center for the Arts and Strand Theatre, near the City of Plattsburgh Christmas tree.
Key Highlights
- Built in 1920
- Restaurant space with outdoor seating on Brinkerhoff Street
- Three apartments: a two‑bedroom flat, one‑bedroom apartment and studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,267
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,340
$665.3K
Cap Rate 7%
$475,243
$475.2K
Cap Rate 9%
$369,633
$369.6K
Market Conditions
NOI Build-Up for 4,383 SF
Gross rent
$65.7K $15.00/SF
− Vacancy
−$5.3K −$1.20/SF
EGI
$60.5K $13.80/SF
− OpEx
−$27.2K −$6.21/SF
NOI
$33.3K $7.59/SF
Area
Clinton County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,340
Cap Rate 7%
$475,243
Cap Rate 9%
$369,633
Alternative Uses
Best Use
Specialty Retail
$809.8K
$708.6K – $944.8K
NOI $56,685 @ 7.0% cap · market cap 15.12%
Second Best
Mixed Use
$648.1K
$567.1K – $756.1K
NOI $45,364 @ 7.0% cap · market cap 12.10%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,574 @ 7.0% cap · market cap 22.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
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Business Placement
Demographics for 12901, NY
32,147
Population
15,426
Households
2.1
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
70.6 sq mi
ZIP Area
455
Density / Sq Mi
$59,413
Median Household Income
$35,385
Median Earnings
$957
Median Rent
$182,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines restaurant space, three apartments, a walk-in cooler and full dry-storage basement.
Where is this mixed-use property located?
The property is located at 20 Brinkerhoff Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Built in 1920; Restaurant space with outdoor seating on Brinkerhoff Street; Three apartments: a two‑bedroom flat, one‑bedroom apartment and studio
