Residential Income
For Sale
Contact for pricing
Pending
34-36 Cliff Street, Oneonta, NY 13820
For sale residential income property with total building area of 2,544 square feet.
Property Size2,544 SF
Days on Market76
Property Features for 34-36 Cliff Street
General Information
Standard status
Pending
Size
2,544 SF
Property subtype
Multifamily
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Benson Agency Real Estate
(607) 434-5972
Listed By:
Elizabeth Shultis · License #NY 49SH0935322
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 3 at 7:51AM
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 Benson Agency Real Estate
Investment Insights
Based on property information with market context.
This for-sale residential income property is offered as an “other residential income” asset and totals 2,544 square feet of building area. The property is positioned to support investors or owner-operators looking for a residential income structure in a straightforward format.
The property is located at 34-36 Cliff Street in Oneonta, New York. The address provides convenient access for tenants and visitors, and the two addresses under one listing may be of interest for buyers evaluating how the setup fits their operating model.
Interested buyers and brokers can use this offering as a base for reviewing income-property fundamentals, including how the building’s layout supports day-to-day management. As with any residential income purchase, due diligence on unit configuration, current occupancy status, and operating details will be important to confirm fit with your investment or ownership goals. For additional information or to schedule a showing, contact the listing team.
The property is located at 34-36 Cliff Street in Oneonta, New York. The address provides convenient access for tenants and visitors, and the two addresses under one listing may be of interest for buyers evaluating how the setup fits their operating model.
Interested buyers and brokers can use this offering as a base for reviewing income-property fundamentals, including how the building’s layout supports day-to-day management. As with any residential income purchase, due diligence on unit configuration, current occupancy status, and operating details will be important to confirm fit with your investment or ownership goals. For additional information or to schedule a showing, contact the listing team.
Key Highlights
- Residential income property with 2,544 SF total building area
- Built in 1900
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
$20,736
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
7.98%
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%
$414,720
$414.7K
Cap Rate 7%
$296,229
$296.2K
Cap Rate 9%
$230,400
$230.4K
Market Conditions
NOI Build-Up for 2,544 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
$39.7K $15.60/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$37.7K $14.82/SF
− OpEx
−$17.0K −$6.67/SF
NOI
$20.7K $8.15/SF
Area
Otsego County, NY
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$414,720
Cap Rate 7%
$296,229
Cap Rate 9%
$230,400
Alternative Uses
Best Use
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,736 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.3K
$613.6K – $818.2K
NOI $49,089 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 13820, NY
21,605
Population
10,083
Households
2.1
Avg Household Size
30
Median Age
40%
College-Educated
91%
High-School Grad
107.3 sq mi
ZIP Area
201
Density / Sq Mi
$66,217
Median Household Income
$26,154
Median Earnings
$983
Median Rent
$176,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - For sale residential income property with total building area of 2,544 square feet.
Where is this residential income property located?
The property is located at 34-36 Cliff Street Oneonta, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Residential income property with 2,544 SF total building area; Built in 1900
