Mixed-Use Building with Rear
20 John St Middletown, NY 10940
20 John St, Middletown, NY, 10940
$575,000
For Sale
$575,000
Downtown mixed-use property with retail/office space and two fully rented apartments, plus private rear parking for five vehicles.
Property Size3,600 SF
Price / SF$159.72
Days on Market49
Property Features for 20 John St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Hudson Valley Realty & United
(917) 747-6688
Listed by
Jonathon Z. Lee
(917) 747-6688
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 9:03AM
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 Keller Williams Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
This income-producing mixed-use building offers two distinct levels designed for both commercial and residential use. The first floor provides approximately 2,000 square feet of flexible space currently used as a retail store, office, and storage area, including a large multi-purpose room that can support meetings, events, or classes. The first floor also includes a full bathroom, a retail front entrance, and private rear access, giving users options for layout and operations.
The second floor contains two fully rented residential apartments, including one large 2-bedroom unit and one spacious 1-bedroom unit. Each unit includes its own kitchen, living room, and full bathroom, with approximately 800 square feet per unit. A private parking lot at the rear accommodates up to five vehicles. The building is located in downtown Middletown, with City Hall, the public library, restaurants, shops, and the NYC bus terminal described as nearby, supporting walk-up convenience for both tenants and visitors.
For tenants or owner-users seeking a property that combines storefront-style space with residential units, the building’s dual-income configuration and separate access points can support a range of commercial uses on the first floor while maintaining independent residential living above. Walk Score is listed as 90 and Bike Score as 36, reflecting strong walkability for downtown access.
The second floor contains two fully rented residential apartments, including one large 2-bedroom unit and one spacious 1-bedroom unit. Each unit includes its own kitchen, living room, and full bathroom, with approximately 800 square feet per unit. A private parking lot at the rear accommodates up to five vehicles. The building is located in downtown Middletown, with City Hall, the public library, restaurants, shops, and the NYC bus terminal described as nearby, supporting walk-up convenience for both tenants and visitors.
For tenants or owner-users seeking a property that combines storefront-style space with residential units, the building’s dual-income configuration and separate access points can support a range of commercial uses on the first floor while maintaining independent residential living above. Walk Score is listed as 90 and Bike Score as 36, reflecting strong walkability for downtown access.
Key Highlights
- Mixed‑use income building with 2,000 SF first‑floor commercial space currently used as retail, office, and storage
- First floor includes a full bathroom, retail front entrance, private rear access, and a large multi‑purpose room
- Two fully rented apartments above: one 2‑bedroom and one 1‑bedroom (approx. 800 SF per unit)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $18.00 |
| − Vacancy | −$2.2k | −$0.61 |
| EGI | $62.6k | $17.39 |
| − OpEx | −$18.8k | −$5.22 |
| NOI | $43.8k | $12.17 |
3,600 SF · lease $18.00/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$894.4K – $1.19M
NOI $71,554 @ 7.0% cap · market cap 12.44%
Second Best
Apartment 5plus
$962.0K
$841.8K – $1.12M
NOI $67,340 @ 7.0% cap · market cap 11.71%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,349 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Downtown mixed-use property with retail/office space and two fully rented apartments, plus private rear parking for five vehicles.
Where is this mixed-use property located?
The property is located at 20 John St Middletown, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Mixed‑use income building with 2,000 SF first‑floor commercial space currently used as retail, office, and storage; First floor includes a full bathroom, retail front entrance, private rear access, and a large multi‑purpose room; Two fully rented apartments above: one 2‑bedroom and one 1‑bedroom (approx. 800 SF per unit)
