Greek Revival Residential Income
2948 County Rt 9, East Chatham, NY 12060
COMMERCIAL - East Chatham, NY
Property size:
4,008 SFLot size:
0.33 AcresPrice / SF:
$137/SF- Added:
- Mar 13, 2026
- Days on Market:
- 116
- Last Refresh:
- Jul 6 at 8:06 am
Property Features for 2948 County Rt 9
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Patio and Porch features
- Deck
- Standard status
- Active Under Contract
- Size
- 4,008 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6518
Utilities
- Heating system
- Electric (Heating), Oil, Hot Water(Heating), Steam, Wood
- Water source
- Well
Building Details
- Year built
- 1850
- Floors in Building
- 2
- Flooring type
- Linoleum, Hardwood
- Building materials
- Wood Siding
- Roof type
- Metal
Listing agent Natalia De Amorim
Listing office PREFERRED COUNTRY PROPERTIES 19 CENTRAL SQ, CHATHAM, NY (518) 392-5600
Listing date Mar 13, 2026
MLS# 11673156
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.
HighLights
- 4,008+/- SF Greek Revival home built in 1850 with large, open, bright first‑floor rooms and period hardwood floors
- Wood‑burning fireplace plus an eat‑in Cherry kitchen with Shaker cabinetry
- Second floor features 4 large bedrooms and 3 bathrooms (1 full and 2 half baths)
- Private rear deck and a post‑and‑beam barn, plus a large parking area
- Oil heat with 2 furnaces including 1 Buderus; first floor also has Mitsubishi HVAC
- Property on a lease through November 2027; water source is a well
Overview
Circa 1850 Greek Revival single-family home in excellent condition offering large, open and bright rooms on the first level. The layout includes a wood-burning fireplace and an eat-in Cherry kitchen with Shaker cabinetry, along with updated, bright lighting throughout and period hardwood floors. The second floor has four large bedrooms and three bathrooms, including one full and two half baths. A private rear deck extends the main living area outdoors. Also on site is a post-and-beam barn and a large parking area.
Located in the hamlet center in East Chatham, the property is moments from Old Chatham, the Berkshires, and Chatham Village. The Capital District is about a half-hour away, with an I-90/Parkway exit approximately one mile from the property.
This property is currently leased through November 2027, with arrangements for earlier availability possible but not guaranteed. Heating is provided by oil with two furnaces, including a Buderus, and the first floor includes a Mitsubishi HV/AC system. With its full-season comfort features, on-site barn, and parking, it may be well suited for an owner seeking a leased residential-income asset with a traditional character and practical site amenities. Showings are available Monday through Friday from 9:00 AM to 3:00 PM, with no weekend showings granted.
Located in the hamlet center in East Chatham, the property is moments from Old Chatham, the Berkshires, and Chatham Village. The Capital District is about a half-hour away, with an I-90/Parkway exit approximately one mile from the property.
This property is currently leased through November 2027, with arrangements for earlier availability possible but not guaranteed. Heating is provided by oil with two furnaces, including a Buderus, and the first floor includes a Mitsubishi HV/AC system. With its full-season comfort features, on-site barn, and parking, it may be well suited for an owner seeking a leased residential-income asset with a traditional character and practical site amenities. Showings are available Monday through Friday from 9:00 AM to 3:00 PM, with no weekend showings granted.
Local Financial Insights For Apartment 5plus
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 | $72.1k | $18.00 |
| − Vacancy | −$3.6k | −$0.90 |
| EGI | $68.5k | $17.10 |
| − OpEx | −$30.8k | −$7.69 |
| NOI | $37.7k | $9.41 |
4,008 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$538.5K
$471.2K – $628.3K
NOI $37,695 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.6K
$867.7K – $1.16M
NOI $69,412 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Map
- City
- East Chatham
- County
- Columbia
- State
- New York
- Longitude
- -73.524348
- Latitude
- 42.410555
FAQs
What type of property is this?
Single family property - Leased Greek Revival home with open first level, rear deck, and ample parking for tenant convenience.
Where is this single family property located?
The property is located at 2948 County Rt 9 East Chatham, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,008+/- SF Greek Revival home built in 1850 with large, open, bright first‑floor rooms and period hardwood floors; Wood‑burning fireplace plus an eat‑in Cherry kitchen with Shaker cabinetry; Second floor features 4 large bedrooms and 3 bathrooms (1 full and 2 half baths)
