Mixed-Use Building with
For Sale
$550,000
36 Wallkill Avenue, Middletown, NY 10940
An updated street-level storefront is paired with renovated residential units above.
Property Size3,646 SF
Price / SF$150.85
Days on Market116
Property Features for 36 Wallkill Avenue
General Information
Standard status
Active
Size
3,646 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,307
Amenities
storage
detached one-car garage
driveway parking
Building Details
Building Size
3,646 SF
Year Built
1900
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
KW Hudson Valley United
(845) 610-6065
Listed By:
Jonathon Z. Lee
(917) 747-6688
Source:
Clairedleone
Added: Jun 30
Changed: Oct 23
Last Checked: Oct 23 at 5:36PM
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 KW Hudson Valley United
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,919-square-foot commercial storefront with two renovated, two-bedroom apartments on the upper floor. Each apartment includes a full bathroom, kitchen, and living room. The three units have been updated and are described as ready for occupancy or leasing. The storefront may suit personal care or wellness services, subject to municipal approvals.
At 36 Wallkill Avenue in Middletown, the property occupies a corner with a traffic light. Additional features include storage, a detached one-car garage, driveway parking, and on-street parking.
At 36 Wallkill Avenue in Middletown, the property occupies a corner with a traffic light. Additional features include storage, a detached one-car garage, driveway parking, and on-street parking.
Key Highlights
- 1,919‑square‑foot ground‑floor commercial storefront
- Two renovated upstairs apartments, each with 2 bedrooms and a full bath
- Residential units total approximately 1,727 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,378
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,560
$887.6K
Cap Rate 7%
$633,971
$634.0K
Cap Rate 9%
$493,089
$493.1K
Market Conditions
NOI Build-Up for 3,646 SF
Gross rent
$65.6K $18.00/SF
− Vacancy
−$2.2K −$0.61/SF
EGI
$63.4K $17.39/SF
− OpEx
−$19.0K −$5.22/SF
NOI
$44.4K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,560
Cap Rate 7%
$633,971
Cap Rate 9%
$493,089
Alternative Uses
Best Use
Apartment 5plus
$974.3K
$852.5K – $1.14M
NOI $68,200 @ 7.0% cap · market cap 12.40%
Second Best
Retail
$634.0K
$554.7K – $739.6K
NOI $44,378 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,440 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Explore this area
Business Placement
Demographics for 10940, NY
52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An updated street-level storefront is paired with renovated residential units above.
Where is this mixed-use property located?
The property is located at 36 Wallkill Avenue Middletown, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,919‑square‑foot ground‑floor commercial storefront; Two renovated upstairs apartments, each with 2 bedrooms and a full bath; Residential units total approximately 1,727 square feet
