36 Wallkill Avenue, Middletown, NY 10940
High-visibility corner property combining first-floor retail with two renovated, move-in-ready apartments above.
- Added:
- Jun 30, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 4 at 4:08 am
Property Features for 36 Wallkill Avenue
General Information
- Standard status
- Active
- Size
- 1,919 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing office KW HUDSON VALLEY UNITED (845) 610-6065
Listing date Jun 30, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of KW HUDSON VALLEY UNITED
HighLights
- 1900‑built mixed‑use property with first‑floor commercial storefront plus two residential apartments
- 1,919 sq. ft. first‑floor commercial space with updates and move‑in/rent‑ready status
- Two newly renovated 2‑bedroom apartments on the second floor totaling approx. 1,727 sq. ft.
- Each apartment includes 2 bedrooms, a full bath, kitchen, and spacious living room
- Updated storage plus detached one‑car garage, driveway parking, and on‑street parking
- Commercial space suited for personal care services (hair/barbershop/skincare/beauty spa/nail), subject to municipal approvals
Overview
The commercial and residential space are positioned on a high-visibility corner at a traffic light, supporting street-facing access for retail users. Parking is available via driveway parking and a detached one-car garage, with additional on-street parking nearby.
The storefront is a practical fit for personal care and wellness uses such as a hair salon, barbershop, skincare or beauty spa, nail salon, or similar service concepts, subject to municipal approvals. For an owner-occupant, the layout supports operating retail below while living in one of the apartments above; for investors, it provides on-site rental income from two residential units in a single, updated property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.4k | $29.40 |
| − Vacancy | −$1.9k | −$1.01 |
| EGI | $54.5k | $28.39 |
| − OpEx | −$16.3k | −$8.52 |
| NOI | $38.1k | $19.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.4251931
- Latitude
- 41.4503027
