Corner Retail and Apartment
230 Partition Street Saugerties, NY 12477
For Sale
Contact for pricing
Mixed-use corner building with a renovated storefront below and a two-bedroom apartment above, plus off-street parking.
Property Size1,872 SF
Price / SF$320.51
Days on Market92
Property Features for 230 Partition Street
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1900
Listing Agency:
Win Morrison Realty
Listed By:
Eliana Amodio · License #NY 10401309237
Source:
Crexi
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 9:35AM
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 Win Morrison Realty
Investment Insights
Based on property information with market context.
230 Partition Street is a mixed-use corner property featuring a bright commercial storefront with expansive wraparound windows and a spacious two-bedroom apartment above. The building is currently under renovation, with a fully rebuilt foundation to code and brand new electrical service, including a 200-amp service and two additional 100-amp panels.
The commercial area offers a flexible layout suitable for retail, office, studio, or service-based uses, while the residential unit can support owner-occupancy or rental. The property also includes off-street parking, providing convenience for both occupants and visitors.
The building is offered as-is, with an option to build-to-suit at an adjusted price. The location places it near village restaurants, cafes, boutique shops, local theaters, and the Hudson River waterfront, with access to Route 9W, Route 32, and the New York State Thruway.
The commercial area offers a flexible layout suitable for retail, office, studio, or service-based uses, while the residential unit can support owner-occupancy or rental. The property also includes off-street parking, providing convenience for both occupants and visitors.
The building is offered as-is, with an option to build-to-suit at an adjusted price. The location places it near village restaurants, cafes, boutique shops, local theaters, and the Hudson River waterfront, with access to Route 9W, Route 32, and the New York State Thruway.
Key Highlights
- Mixed‑use corner building in the Saugerties village walkable area, with a commercial storefront and a 2‑bedroom apartment above
- Commercial space features bright storefront with expansive wraparound windows and a flexible layout for retail, office, studio, or service use
- Building currently under renovation; foundation has been fully rebuilt to code
Financial Insights For Office B
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 | $56.2k | $30.00 |
| − Vacancy | −$7.1k | −$3.81 |
| EGI | $49.0k | $26.19 |
| − OpEx | −$12.3k | −$6.55 |
| NOI | $36.8k | $19.64 |
1,872 SF · lease $30.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$525.3K
$459.6K – $612.9K
NOI $36,771 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 3.72%
Theoretical Best
Multifamily LT 5
$17.51M
$15.32M – $20.42M
NOI $1,225,455 @ 7.0% cap · market cap 204.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cottonwood Creek Veterinary ...
Veterinary Clinic
The Brunch Bar
Restaurant
FAQs
What type of property is this?
Mixed-use property - Mixed-use corner building with a renovated storefront below and a two-bedroom apartment above, plus off-street parking.
Where is this mixed-use property located?
The property is located at 230 Partition Street Saugerties, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Mixed‑use corner building in the Saugerties village walkable area, with a commercial storefront and a 2‑bedroom apartment above; Commercial space features bright storefront with expansive wraparound windows and a flexible layout for retail, office, studio, or service use; Building currently under renovation; foundation has been fully rebuilt to code
