Mixed-Use Commercial
For Sale
$800,000
Pending
21419 NY-22, Hoosick Falls, NY 12090
COMMERCIAL - Hoosick Falls, NY
Property Size7,319 SF
Lot Size1.13 Acres
Days on Market525
Property Features for 21419 NY-22
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking
15
Parking features
Off Street
Directions
Follow NY Rt. 22 north past Hoosick Falls Central School. Property is just after intersection with Bovie Hill Road.
Standard status
Pending
APN
382889 37.-1-7
Size
7,319 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Annual Amount
11132
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Amenities
apartment
Building Details
Year built
1975
Floors in Building
1
Building materials
Metal Siding, Block
Roof type
Metal
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 687-2222
Listed By:
Raymond A Tinkham · License #10301207686
(518) 892-9427
Added: Mar 10, 2025
Changed: Aug 4
Last Checked: Aug 16 at 6:06PM
MLS# 202513309
Copyright © 2026 Global MLS, Inc. 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.
This mixed-use property provides 7,319 square feet across a commercial building and an attached one-bedroom, one-bath apartment. The business area has an open interior with high ceilings, while metal siding, a metal roof, forced-air heat, and central air support the physical improvements. The apartment includes a kitchen, living room, and sunroom, creating an integrated residential component within the property. Built in 1975, the building is situated on 1.13 acres and includes off-street parking, a septic tank, and commercial zoning.
The property is located at 21419 NY-22 in Hoosick Falls, NY, outside the Village of Hoosick Falls. The address is less than 20 minutes from Bennington, VT, Williamstown, MA, and Cambridge, NY. Its prior use as a NAPA Auto Parts location is also part of the property’s operating history.
The property is located at 21419 NY-22 in Hoosick Falls, NY, outside the Village of Hoosick Falls. The address is less than 20 minutes from Bennington, VT, Williamstown, MA, and Cambridge, NY. Its prior use as a NAPA Auto Parts location is also part of the property’s operating history.
Key Highlights
- 7,319‑square‑foot mixed‑use property on 1.13 acres
- Attached one‑bedroom, one‑bath apartment with kitchen, living room, and sunroom
- Open commercial interior with high ceilings
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
$72,458
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
9.06%
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%
$1,449,160
$1.4M
Cap Rate 7%
$1,035,114
$1.0M
Cap Rate 9%
$805,089
$805.1K
Market Conditions
NOI Build-Up for 7,319 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
$131.7K $18.00/SF
− Vacancy
−$15.8K −$2.16/SF
EGI
$115.9K $15.84/SF
− OpEx
−$43.5K −$5.94/SF
NOI
$72.5K $9.90/SF
Area
Rensselaer County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,449,160
Cap Rate 7%
$1,035,114
Cap Rate 9%
$805,089
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $93,058 @ 7.0% cap · market cap 11.63%
Second Best
Industrial
$1.11M
$966.9K – $1.29M
NOI $77,354 @ 7.0% cap · market cap 9.67%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $128,074 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 12090, NY
6,223
Population
2,714
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
93%
High-School Grad
57.8 sq mi
ZIP Area
108
Density / Sq Mi
$72,500
Median Household Income
$43,125
Median Earnings
$834
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Retail 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?
Mixed-use property - Commercial property combines a flexible business area with an attached residential apartment and on-site off-street parking.
Where is this mixed-use property located?
The property is located at 21419 NY-22 Hoosick Falls, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 7,319‑square‑foot mixed‑use property on 1.13 acres; Attached one‑bedroom, one‑bath apartment with kitchen, living room, and sunroom; Open commercial interior with high ceilings
