Apartment-Over-Retail Mixed-Use
3 E Main Street, Washingtonville, NY 10992
For Sale
$599,000
The upper-level apartment and ground-floor commercial space provide two distinct components within one property.
Property Size4,344 SF
Price / SF$137.89
Days on Market50
Property Features for 3 E Main Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Listing Agency:
Century 21 Realty Center
Listed By:
Layla R Boyles
(845) 781-8100
Source:
Hhir
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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 Century 21 Realty Center
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Investment Insights
Based on property information with market context.
This 4,344-square-foot mixed-use property combines ground-floor commercial space with a recently renovated apartment above. The commercial level is currently used as an auto and truck parts store and includes a rear bathroom. An unfinished basement with full-height clearance provides additional storage. The apartment has two bedrooms and one bathroom.
At 3 E Main Street in Washingtonville, the property is near a traffic light and established local businesses. Free parking is available directly in front, with additional public parking nearby.
At 3 E Main Street in Washingtonville, the property is near a traffic light and established local businesses. Free parking is available directly in front, with additional public parking nearby.
Key Highlights
- 4,344‑square‑foot mixed‑use property
- Ground‑floor commercial space with a two‑bedroom, one‑bathroom apartment upstairs
- Recently renovated upper‑level apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,873
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,460
$1.1M
Cap Rate 7%
$755,329
$755.3K
Cap Rate 9%
$587,478
$587.5K
Market Conditions
NOI Build-Up for 4,344 SF
Gross rent
$78.2K $18.00/SF
− Vacancy
−$2.7K −$0.61/SF
EGI
$75.5K $17.39/SF
− OpEx
−$22.7K −$5.22/SF
NOI
$52.9K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,460
Cap Rate 7%
$755,329
Cap Rate 9%
$587,478
Alternative Uses
Best Use
Retail
$755.3K
$660.9K – $881.2K
NOI $52,873 @ 7.0% cap · market cap 8.83%
Second Best
Mixed Use
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,988 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 10992, NY
9,301
Population
3,559
Households
2.6
Avg Household Size
44
Median Age
30%
College-Educated
91%
High-School Grad
11.3 sq mi
ZIP Area
823
Density / Sq Mi
$113,450
Median Household Income
$51,769
Median Earnings
$1,438
Median Rent
$389,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Orange County, NY
Properties on Market for Mixed-use properties in Orange County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper-level apartment and ground-floor commercial space provide two distinct components within one property.
Where is this mixed-use property located?
The property is located at 3 E Main Street Washingtonville, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,344‑square‑foot mixed‑use property; Ground‑floor commercial space with a two‑bedroom, one‑bathroom apartment upstairs; Recently renovated upper‑level apartment
