Building Details

Building Size 1,900 SF

Year Built 1940

Buildings 1

Units 2

Listing Agency: K. Fortuna Realty, Inc. s***@aol.com Show Phone

Listed By: Joe Pedota Show Phone

Source: Millenniumhomes

Added: Jun 19 Changed: Aug 28 Last Checked: Aug 29 at 10:20AM

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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 K. Fortuna Realty, Inc.

Investment Insights

Based on property information with market context.

Built in 1940, this duplex contains two residences, each with two bedrooms and updated living spaces. Improvements include new kitchens, bathrooms, siding, and roof, along with a furnace that is two years old and a septic system replaced a year ago. The property sits on an open one-acre parcel with mature trees and lawn areas suitable for outdoor use or gardening.

Located at 26 Old Hollow Road in Clinton Corners, the property is minutes from local farm stands, wineries, and the Taconic State Parkway. The two-unit configuration provides flexibility for ownership, extended household use, or rental occupancy without relying on unsupported assumptions about a buyer’s intended use.

Key Highlights

• Two‑unit duplex with two bedrooms in each residence
• Renovated kitchens, bathrooms, siding, and roof
• Open one‑acre lot with mature trees and lawn areas

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

$35,253

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

7.84%

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%

$705,060 $705.1K

Cap Rate 7%

$503,614 $503.6K

Cap Rate 9%

$391,700 $391.7K

Market Conditions

NOI Build-Up for 1,900 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

$53.1K $27.96/SF

− Vacancy

−$2.8K −$1.45/SF

EGI

$50.4K $26.51/SF

− OpEx

−$15.1K −$7.95/SF

NOI

$35.3K $18.55/SF

Area

Dutchess County, NY

Vacancy

5.20%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

30.00%

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%

$705,060

Cap Rate 7%

$503,614

Cap Rate 9%

$391,700

Alternative Uses

Best Use

Multifamily LT 5

$503.6K

$440.7K – $587.6K (±1% cap)

NOI $35,253 @ 7.0% cap · market cap 7.84%

Second Best

Apartment 5plus

$466.3K

$408.0K – $544.0K (±1% cap)

NOI $32,642 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$571.9K

$500.4K – $667.3K (±1% cap)

NOI $40,035 @ 7.0% cap · market cap 8.90%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 12514, NY

2,784

Population

1,556

Households

1.8

Avg Household Size

51

Median Age

52%

College-Educated

89%

High-School Grad

27.3 sq mi

ZIP Area

102

Density / Sq Mi

$115,147

Median Household Income

$57,927

Median Earnings

$1,117

Median Rent

$411,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Renovated duplex with separate residences, open grounds, and convenient access to the Taconic State Parkway.

Where is this duplex located?

The property is located at 26 Old Hollow Road Clinton Corners, NY.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: Two‑unit duplex with two bedrooms in each residence; Renovated kitchens, bathrooms, siding, and roof; Open one‑acre lot with mature trees and lawn areas