Building Details

Building Size 12,000 SF

Listing Agency: Douglas Elliman Real Estate

Listed By: Jane Gao · License #10301212998 Show Phone

Source: Elliman

Added: Oct 28 Changed: Oct 31 Last Checked: Nov 1 at 7:08AM

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Investment Insights

Based on property information with market context.

This approximately 74-acre mixed-use property includes three residences: two homes with 2 bedrooms and 1 bathroom each, plus a 5-bedroom, 3-bathroom house. A 12,000-square-foot warehouse and two shipping containers provide additional building and storage space. The acreage also includes agricultural land suitable for crop production.

Located at 229 Menges Road in Livingston Manor, New York, the property combines residential, warehouse, and agricultural components on one site.

Key Highlights

• Approximately 74 acres of land
• 12,000‑square‑foot warehouse
• Two 2‑bedroom, 1‑bathroom residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,960

Cap Rate

8.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,059,200 $2.1M

Cap Rate 7%

$1,470,857 $1.5M

Cap Rate 9%

$1,144,000 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$187.2K $15.60/SF

− Vacancy

−$22.5K −$1.87/SF

EGI

$164.7K $13.73/SF

− OpEx

−$61.8K −$5.15/SF

NOI

$103.0K $8.58/SF

Area

Sullivan County, NY

Vacancy

12.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,059,200

Cap Rate 7%

$1,470,857

Cap Rate 9%

$1,144,000

Alternative Uses

Best Use

Warehouse

$1.74M

$1.53M – $2.03M (±1% cap)

NOI $122,062 @ 7.0% cap · market cap 9.54%

Second Best

Mixed Use

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $102,960 @ 7.0% cap · market cap 8.04%

Theoretical Best

Office A

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,400 @ 7.0% cap · market cap 18.00%

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

Mixed-use properties

Suggested Use

Top Pick Electrical Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 12758, NY

4,033

Population

3,114

Households

1.3

Avg Household Size

46

Median Age

25%

College-Educated

91%

High-School Grad

153.6 sq mi

ZIP Area

26

Density / Sq Mi

$50,577

Median Household Income

$41,036

Median Earnings

$938

Median Rent

$171,000

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three residences, farmland, storage containers, and a large warehouse form a varied property configuration.

Where is this mixed-use property located?

The property is located at 229 Menges Rd Livingston Manor, NY.

What is the asking price?

The asking price for this property is $1,280,000.

What are key features of this property?

This property features: Approximately 74 acres of land; 12,000‑square‑foot warehouse; Two 2‑bedroom, 1‑bathroom residences