Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Catskill Mixed-Use Investment Opportunity Title is generated by Realmo AI

    296 Main Street, Catskill, NY 12414

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two buildings with eight units in thriving Catskill, NY.

    Type:Retail, Multifamily, Mixed Use
    Property size:
    7,896 SF
    Price / SF:
    $158/SF
    Added:
    May 22, 2026
    Days on Market:
    10
    Last Refresh:
    May 27 at 8:20 am

    Property Features for 296 Main Street

    General Information

    Standard status
    Active
    Size
    7,896 SF
    Property subtype
    Retail, Multifamily, Mixed Use

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Aysa Elizabeth Morehead

    Listing agent Aysa Elizabeth Morehead License #NY

    Listing office Coldwell Banker Village Green Realty - Catskill

    Listing date May 22, 2026

    Source Crexi

    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 Coldwell Banker Village Green Realty - Catskill

    HighLights

    • Great investment property in thriving Catskill location on Main Street.
    • Two buildings with 8 total units (2 commercial, 4 one‑bedroom, 2 two‑bedroom), fully occupied.
    • Tenants pay all utilities; separate meters for each unit (electric,

    Overview

    Located on Main Street in Catskill, New York, this investment property includes two buildings with a total of 8 units. The unit mix comprises 2 commercial spaces, 4 one-bedroom apartments, and 2 two-bedroom apartments. All units are currently occupied with month-to-month leases. Tenants are responsible for covering their own utility expenses. Off-street parking is available behind the buildings. Financial details can be provided upon request. Most of the apartments have been recently renovated. Each unit is equipped with its own washer/dryer and on-demand boiler for heat and hot water. Separate electric and gas meters are installed for all units, and separate water meters serve the 5 units located at 298 Main. The Village of Catskill has been awarded a 10 million dollar downtown revitalization grant intended to increase activity in the village. The property is suitable for mixed-use, apartment buildings, multifamily, residential income, storefront, and retail purposes. The total property size is 7896 square feet.
    Location Intelligence

    Current Use by Public Records

    Nyc Deli Grocers Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Catskill
    County
    Greene
    State
    New York
    Longitude
    -73.8641605
    Latitude
    42.21635

    Nearby Similar for Sale

    • $699,000
      12,640 SF

      Historical Brick Building on Main

      Historical mixed-use building with storefront on Main Street in Catskill.
      447 Main Street, Catskill, NY 12414
      View Details
    • $747,000
      3,970 SF

      Unique Catskill Live/Work Income Property

      Restored home with income potential near Catskill and Hudson.
      463 County Route 46, Catskill, NY 12414
      View Details
    • $549,000
      2,300 SF

      Mixed-Use Property in Downtown Catskill

      Mixed-use property with commercial storefront and apartment in thriving downtown.
      414 Main Street, Catskill, NY 12414
      View Details
    • $249,900
      1,925 SF

      Victorian Two-Family in Catskill, NY

      Two-family Victorian with investment potential near Catskill's Main Street.
      97 Maple Avenue, Catskill, NY 12414
      View Details
    • $395,000

      Vacant Warehouse Opportunity in Catskill

      Flexible warehouse space suitable for various commercial operations.
      6417 Route 32, Catskill, NY 12413
      View Details
    • $290,000

      Victorian Two-Family in Catskill, NY

      Two-family Victorian with income potential near Catskill's Main Street.
      97 Maple Avenue, Catskill, NY 12414
      View Details
    • $1,250,000
      3,800 SF

      Hudson Riverfront Investment Opportunity

      Four-unit property with direct Hudson River access in Catskill, NY.
      279 Hamburg Rd, Catskill, NY 12414
      View Details
    • $1,175,000
      3,080 SF

      Mixed-Use Property in Catskill, NY

      Mixed-use property with established business and income-generating apartment.
      416 Main Street, Catskill, NY 12414
      View Details
    • $699,000
      11 SF

      Historical Brick Building on Main

      Historical brick building with storefront on Main Street in Catskill.
      447 Main Street #477, Catskill, NY 12414
      View Details
    • $1,499,000
      11,466 SF

      Catskill Commercial Property on Route

      Commercial property with high visibility and redevelopment potential in Catskill, NY.
      746 Route 23b, Catskill, NY 12414
      View Details
    • $1,650,000

      Catskills Land with Mountain Views

      58-acre Catskills property with renovated barns and mountain views.
      4986 Ny-32, Catskill, NY 12414
      View Details
    • $2,500,000

      Commercial

      147-151 Grandview Ave, Catskill, NY 12414
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two buildings with eight units in thriving Catskill, NY.
    Where is this mixed-use property located?
    The property is located at 296 Main Street Catskill, NY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Great investment property in thriving Catskill location on Main Street.; Two buildings with 8 total units (2 commercial, 4 one‑bedroom, 2 two‑bedroom), fully occupied.; Tenants pay all utilities; separate meters for each unit (electric,
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aysa Elizabeth Morehead
    Real Estate License ID: NY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    296 Main Street, Catskill, NY 12414
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!