Office Suites with Conference
For Sale
Contact for pricing
215 Delaware Avenue, Bethlehem, NY 12054
Separate floors provide a mix of single-room offices and a larger suite with reception and meeting areas.
Property Size1,825 SF
Days on Market92
Property Features for 215 Delaware Avenue
General Information
Standard status
Active
Size
1,825 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Property Use
Office
Building Details
Year Built
1970
Stories
3
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Source:
Simplywoodardrealestate
Added: Aug 3
Changed: Nov 1
Last Checked: Nov 1 at 4:04PM
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 Hanna Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space is arranged across three floors at 215 Delaware Avenue in Bethlehem. The first-floor suite includes a reception area, bathroom, large conference room with a bay window, and a second office. Second-floor offices are single-room suites, while the third-floor space uses a window air-conditioning unit. Central air serves the first and second floors.
Utilities are included in the rent; tenants handle their own internet, telephone, and space cleaning. The property also offers private parking and access to a CDTA bus line. The building dates to 1970.
Utilities are included in the rent; tenants handle their own internet, telephone, and space cleaning. The property also offers private parking and access to a CDTA bus line. The building dates to 1970.
Key Highlights
- First‑floor suite has a reception area, bathroom, large conference room with bay window, and a second office
- Single‑room offices are available on the second floor
- Third‑floor office has a window AC unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,185
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,700
$563.7K
Cap Rate 7%
$402,643
$402.6K
Cap Rate 9%
$313,167
$313.2K
Market Conditions
NOI Build-Up for 1,825 SF
Gross rent
$48.2K $26.40/SF
− Vacancy
−$10.6K −$5.81/SF
EGI
$37.6K $20.59/SF
− OpEx
−$9.4K −$5.15/SF
NOI
$28.2K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,700
Cap Rate 7%
$402,643
Cap Rate 9%
$313,167
Alternative Uses
Best Use
Office B
$402.6K
$352.3K – $469.8K
NOI $28,185 @ 7.0% cap · market cap 2,818,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.5K
$498.3K – $664.4K
NOI $39,864 @ 7.0% cap · market cap 3,986,400.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 12054, NY
17,282
Population
7,221
Households
2.4
Avg Household Size
46
Median Age
68%
College-Educated
98%
High-School Grad
15.5 sq mi
ZIP Area
1,115
Density / Sq Mi
$128,684
Median Household Income
$69,853
Median Earnings
$1,658
Median Rent
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Separate floors provide a mix of single-room offices and a larger suite with reception and meeting areas.
Where is this office unit located?
The property is located at 215 Delaware Avenue Bethlehem, NY.
What are key features of this property?
This property features: First‑floor suite has a reception area, bathroom, large conference room with bay window, and a second office; Single‑room offices are available on the second floor; Third‑floor office has a window AC unit
