Multi-Suite Professional
For Sale
Contact for pricing
36 Chestnut Street, Oneonta, NY 13820
Second-floor workspace combines private offices, reception space, and a separate entrance in a downtown commercial setting.
Property Size9,176 SF
Price / SF$0.26
Days on Market84
Property Features for 36 Chestnut Street
General Information
Standard status
Active
Size
9,176 SF
Property subtype
CommercialLease
Space & Availability
Floor
2
Furnished
Yes
Additional Details
Office Units
8
Amenities
private entrance
half bath
Building Details
Buildings
1
Listing Agency:
Keller Williams Upstate NY Properties
(607) 431-2540
Listed By:
Jami J. Brown · License #10401372309
(515) 708-1518
Source:
Nicholcityrealty
Added: Jul 25
Changed: Oct 10
Last Checked: Oct 14 at 10:45PM
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 Keller Williams Upstate NY Properties
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Investment Insights
Based on property information with market context.
The second floor at 36 Chestnut Street provides almost 2,000 SF arranged as 8 office suites within a maintained professional building. A central reception area can accommodate visitors, meetings, or additional workstations, while a half bath supports daily operations. Some furnishings are available, and a small kitchenette may be added.
The property is positioned in downtown Oneonta near local campuses, restaurants, boutique shops, and other downtown amenities. A private entrance provides dedicated access to the office area. Use of the third floor is negotiable, offering the possibility of additional office or flexible workspace subject to separate terms.
The property is positioned in downtown Oneonta near local campuses, restaurants, boutique shops, and other downtown amenities. A private entrance provides dedicated access to the office area. Use of the third floor is negotiable, offering the possibility of additional office or flexible workspace subject to separate terms.
Key Highlights
- Almost 2,000 SF on the second floor
- 8 flexible office suites
- Central reception area for visitors, meetings, or workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,948
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,318,960
$2.3M
Cap Rate 7%
$1,656,400
$1.7M
Cap Rate 9%
$1,288,311
$1.3M
Market Conditions
NOI Build-Up for 9,176 SF
Gross rent
$198.2K $21.60/SF
− Vacancy
−$43.6K −$4.75/SF
EGI
$154.6K $16.85/SF
− OpEx
−$38.6K −$4.21/SF
NOI
$115.9K $12.64/SF
Area
Otsego County, NY
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,318,960
Cap Rate 7%
$1,656,400
Cap Rate 9%
$1,288,311
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.93M
NOI $115,948 @ 7.0% cap · market cap 4,831.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,060 @ 7.0% cap · market cap 7,377.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
1,123
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Second-floor workspace combines private offices, reception space, and a separate entrance in a downtown commercial setting.
Where is this office units located?
The property is located at 36 Chestnut Street Oneonta, NY.
What are key features of this property?
This property features: Almost 2,000 SF on the second floor; 8 flexible office suites; Central reception area for visitors, meetings, or workstations
