Three-Unit Residential Income
For Sale
$409,000
35 Edgar Street, Liberty, NY 12754
Three-family building with updated plumbing and stoves, offering multiple rental layouts for income-focused buyers.
Property Size2,458 SF
Price / SF$166.40
Days on Market123
Property Features for 35 Edgar Street
General Information
Standard status
Active
Size
2,458 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,656
Amenities
No, No, On Street
Electric
Square Feet
Unfinished, Yes
1st Floor Bedrm, Public
First Floor Bedroom
1st Fl Master Bedroom
No
Frame
On Street
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Joy Romano Realty
Listed By:
Joy Romano
(845) 701-9711
Source:
Compass
Added: May 11
Changed: Sep 8
Last Checked: Sep 9 at 8:12PM
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 Joy Romano Realty
Investment Insights
Based on property information with market context.
This three-family residential income property includes three separate units: a first-floor 2-bedroom, 1-bath layout, a second-floor 3-bedroom, 1-bath layout, and a third-floor 2-bedroom, 1-bath layout. Recent updates include new plumbing and new stoves. Tenant electric responsibilities are noted, and the third-floor unit uses electric heat.
The building is located in Liberty, New York, with proximity to shopping, restaurants, schools, and other local amenities. Bike and walk scores indicate somewhat bikeable conditions and a car-dependent environment, which may be relevant for tenant convenience and daily commuting.
With three distinct rental configurations, the property may appeal to investors or buyers looking for an income-producing residential asset with multiple tenants under one roof. Showings are by appointment only, and owner financing may be available, subject to lender and seller approval.
The building is located in Liberty, New York, with proximity to shopping, restaurants, schools, and other local amenities. Bike and walk scores indicate somewhat bikeable conditions and a car-dependent environment, which may be relevant for tenant convenience and daily commuting.
With three distinct rental configurations, the property may appeal to investors or buyers looking for an income-producing residential asset with multiple tenants under one roof. Showings are by appointment only, and owner financing may be available, subject to lender and seller approval.
Key Highlights
- Three‑family property in Liberty, NY, built in 1930
- Approx. $4,200/month gross rental income across 3 units
- Unit mix: first‑floor 2BR/1BA, second‑floor 3BR/1BA, third‑floor 2BR/1BA
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
$19,596
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
4.79%
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%
$391,920
$391.9K
Cap Rate 7%
$279,943
$279.9K
Cap Rate 9%
$217,733
$217.7K
Market Conditions
NOI Build-Up for 2,458 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
$31.6K $12.84/SF
− Vacancy
−$3.6K −$1.45/SF
EGI
$28.0K $11.39/SF
− OpEx
−$8.4K −$3.42/SF
NOI
$19.6K $7.97/SF
Area
Sullivan County, NY
Vacancy
11.30%
Lease Rate
$12.84 /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%
$391,920
Cap Rate 7%
$279,943
Cap Rate 9%
$217,733
Alternative Uses
Best Use
Multifamily LT 5
$279.9K
$245.0K – $326.6K
NOI $19,596 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$268.1K
$234.6K – $312.8K
NOI $18,765 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$674.2K
$589.9K – $786.6K
NOI $47,194 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 12754, NY
7,654
Population
3,783
Households
2
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
28.3 sq mi
ZIP Area
270
Density / Sq Mi
$56,597
Median Household Income
$38,067
Median Earnings
$905
Median Rent
$190,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family building with updated plumbing and stoves, offering multiple rental layouts for income-focused buyers.
Where is this triplex located?
The property is located at 35 Edgar Street Liberty, NY.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Three‑family property in Liberty, NY, built in 1930; Approx. $4,200/month gross rental income across 3 units; Unit mix: first‑floor 2BR/1BA, second‑floor 3BR/1BA, third‑floor 2BR/1BA
