Updated
For Sale
$399,900
3204 Church St, Valatie, NY 12184
Two residential units offer distinct bedroom and bathroom configurations within a maintained two-family property.
Property Size2,239 SF
Price / SF$178.61
Days on Market30
Property Features for 3204 Church St
General Information
Standard status
Active
Size
2,239 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,569
Listing Agency:
J & A Capital Realty
(518) 364-4913
Listed By:
Jennifer Gao-Bosley
(518) 364-4913
Source:
Exprealty
Added: Jul 13
Changed: Aug 11
Last Checked: Aug 11 at 10:45AM
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 J & A Capital Realty
Investment Insights
Based on property information with market context.
This two-family property contains 2,239 square feet and is arranged as a duplex with distinct unit layouts. One residence includes 2 bedrooms and 1.5 bathrooms, while the other provides 2 bedrooms and 2 bathrooms. The interiors feature updated finishes and abundant natural light, with living areas designed for everyday residential use.
The property is situated near shopping, restaurants, schools, and major highways, placing routine services and regional transportation within the surrounding area. Its two-unit configuration and varied bathroom layouts provide a straightforward multifamily setup.
The property is situated near shopping, restaurants, schools, and major highways, placing routine services and regional transportation within the surrounding area. Its two-unit configuration and varied bathroom layouts provide a straightforward multifamily setup.
Key Highlights
- 2,239‑square‑foot duplex property
- Two units, each with 2 bedrooms
- One unit has 1.5 bathrooms; the other has 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,994
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$479,880
$479.9K
Cap Rate 7%
$342,771
$342.8K
Cap Rate 9%
$266,600
$266.6K
Market Conditions
NOI Build-Up for 2,239 SF
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.
Gross rent
$36.3K $16.20/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$34.3K $15.31/SF
− OpEx
−$10.3K −$4.59/SF
NOI
$24.0K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$479,880
Cap Rate 7%
$342,771
Cap Rate 9%
$266,600
Alternative Uses
Best Use
Multifamily LT 5
$342.8K
$299.9K – $399.9K
NOI $23,994 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$300.8K
$263.2K – $351.0K
NOI $21,058 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 12184, NY
7,178
Population
3,415
Households
2.1
Avg Household Size
48
Median Age
38%
College-Educated
94%
High-School Grad
39.4 sq mi
ZIP Area
182
Density / Sq Mi
$91,616
Median Household Income
$52,946
Median Earnings
$1,131
Median Rent
$311,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom and bathroom configurations within a maintained two-family property.
Where is this duplex located?
The property is located at 3204 Church St Valatie, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,239‑square‑foot duplex property; Two units, each with 2 bedrooms; One unit has 1.5 bathrooms; the other has 2 bathrooms
