10-Unit Motel with
2624 NY Route 40, Greenwich, NY 12834
For Sale
$499,000
Business Opportunity, Greenwhich, NY
Property Size4,500 SF
Price / SF$110.89
Days on Market251
Property Features for 2624 NY Route 40
General Information
Property type
Property subtype
Directions
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
Amenities
kitchenettes
Building Details
Year built
Listing Agency:
REALTY ONE GROUP KEY
Listed By:
Leah Witko · License NY #10401256547
(518) 630-0360
Added: Mar 9
Changed: Oct 21
Last Checked: Nov 14 at 2:06AM
MLS# 11669440
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10-unit motel contains 4,500 square feet and was built in 1990. Recent property improvements include a new roof and work completed on the parking lot. Some guest units feature kitchenettes, adding flexibility to the existing room configuration.
The property is located at 2624 NY Route 40 in Greenwhich, NY 12834, in Washington County. Its position near NYS Route 40 provides access to the surrounding area while maintaining a distinct lodging-oriented use.
The property is located at 2624 NY Route 40 in Greenwhich, NY 12834, in Washington County. Its position near NYS Route 40 provides access to the surrounding area while maintaining a distinct lodging-oriented use.
Key Highlights
- 10‑unit motel with 4,500 square feet
- Built in 1990
- New roof installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,634
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,680
$352.7K
Cap Rate 7%
$251,914
$251.9K
Cap Rate 9%
$195,933
$195.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$67.5K $15.00/SF
− Vacancy
−$30.4K −$6.75/SF
EGI
$37.1K $8.25/SF
− OpEx
−$19.5K −$4.33/SF
NOI
$17.6K $3.92/SF
Area
Washington County, NY
Vacancy
45.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,680
Cap Rate 7%
$251,914
Cap Rate 9%
$195,933
Alternative Uses
Best Use
Hotel Hospitality
$251.9K
$220.4K – $293.9K
NOI $17,634 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$976.9K – $1.30M
NOI $78,149 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12834, NY
6,396
Population
2,996
Households
2.1
Avg Household Size
47
Median Age
29%
College-Educated
95%
High-School Grad
84.6 sq mi
ZIP Area
76
Density / Sq Mi
$82,931
Median Household Income
$49,513
Median Earnings
$1,154
Median Rent
$234,900
Median Home Value
Similar Off Market Nearby
- Battenkill Community Center — 2530 NY-40, Greenwich, NY 12834
- Sunshine Inn — 2624 NY-40, Greenwich, NY 12834
Frequently Asked Questions
What type of property is this?
Motel - Motel property with updated roofing, a renovated parking lot, and kitchenettes in select units.
Where is this motel located?
The property is located at 2624 NY Route 40 Greenwich, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 10‑unit motel with 4,500 square feet; Built in 1990; New roof installed
