Building Details

Building Size 2,530 SF

Year Built 1858

Stories 2

Listing Agency: Houlihan Lawrence Inc.

Listed By: Melissa Carlton Show Phone

Source: Evrealestate

Added: Oct 3 Changed: Oct 22 Last Checked: Oct 24 at 6:18PM

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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 Houlihan Lawrence Inc.

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Investment Insights

Based on property information with market context.

Built in 1858, this historic commercial building is configured for mixed use and currently functions as an office and showroom for an estate wine business. The first floor features a glass-enclosed, climate-controlled area alongside original architectural details, plus a kitchen and full bathroom at the rear. A loft occupies the second floor.

The property is within walking distance of Metro-North service and hiking trails in Cold Spring, New York.

Key Highlights

• Built in 1858
• Currently used as an office and showroom for an estate wine business
• First‑floor glass‑enclosed, climate‑controlled area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,233

Cap Rate

6.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,024,660 $1.0M

Cap Rate 7%

$731,900 $731.9K

Cap Rate 9%

$569,256 $569.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,530 SF

Gross rent

$91.1K $36.00/SF

− Vacancy

−$9.1K −$3.60/SF

EGI

$82.0K $32.40/SF

− OpEx

−$30.7K −$12.15/SF

NOI

$51.2K $20.25/SF

Area

Putnam County, NY

Vacancy

10.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,024,660

Cap Rate 7%

$731,900

Cap Rate 9%

$569,256

Alternative Uses

Best Use

Mixed Use

$731.9K

$640.4K – $853.9K (±1% cap)

NOI $51,233 @ 7.0% cap · market cap 6.74%

Second Best

Office B

$632.2K

$553.2K – $737.6K (±1% cap)

NOI $44,256 @ 7.0% cap · market cap 5.82%

Theoretical Best

Specialty Retail

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,095 @ 7.0% cap · market cap 15.41%

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

Blacksmith Wines Specialty Food Shop

Suggested Use

Top Pick Dental Office Building Supply Parking Lot & Garage Hair Salon Nail Salon Big Box & Wholesale Store

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

406

Businesses Nearby

Explore this area Business Placement

Demographics for 10516, NY

5,462

Population

2,603

Households

2.1

Avg Household Size

49

Median Age

62%

College-Educated

97%

High-School Grad

31.5 sq mi

ZIP Area

173

Density / Sq Mi

$135,922

Median Household Income

$75,236

Median Earnings

$1,798

Median Rent

$625,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A second-floor loft adds flexibility to the first-floor office and showroom arrangement.

Where is this mixed-use property located?

The property is located at 286 Main Street Cold Spring, NY.

What is the asking price?

The asking price for this property is $760,000.

What are key features of this property?

This property features: Built in 1858; Currently used as an office and showroom for an estate wine business; First‑floor glass‑enclosed, climate‑controlled area