Mixed-Use Building with
For Sale
$1,038,389
Pending
376-378 Delaware Avenue, Bethlehem, NY 12054
Retail space and a two-bedroom residence occupy separate floors, with dedicated residential access and Hamlet zoning.
Property Size4,242 SF
Days on Market74
Property Features for 376-378 Delaware Avenue
General Information
Standard status
Pending
Size
4,242 SF
Property subtype
Mixed Use
Zoning
Hamlet
Occupancy
100%
Site & Location
Road Access
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Amenities
rear parking
full basement
separate residential access
Building Details
Year Built
1948
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Charles Curto · License #10301206236
(518) 669-4356
Source:
Simplywoodardrealestate
Added: Aug 25
Changed: Nov 5
Last Checked: Nov 5 at 10:15AM
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 Howard Hanna Capital Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property, built in 1948, combines a first-floor retail tenancy with a second-floor apartment. The retail area measures approximately 3,000 SF, and the residence offers 1,242 SF with two bedrooms. The apartment has a separate entrance, while a full basement serves as retail storage.
At 376-378 Delaware Avenue in Delmar, the building sits along Delaware Avenue, identified as the community’s primary retail corridor, within the Four Corners area. Retail, commercial, and residential uses surround the property in a walkable Main Street-style setting.
Rear parking is subject to a formal shared-parking agreement. The property is zoned Hamlet, and both the retail and residential spaces are occupied by long-term tenants.
At 376-378 Delaware Avenue in Delmar, the building sits along Delaware Avenue, identified as the community’s primary retail corridor, within the Four Corners area. Retail, commercial, and residential uses surround the property in a walkable Main Street-style setting.
Rear parking is subject to a formal shared-parking agreement. The property is zoned Hamlet, and both the retail and residential spaces are occupied by long-term tenants.
Key Highlights
- Two‑story building constructed in 1948
- Approximately 3,000 SF of first‑floor retail space
- Second‑floor apartment measures 1,242 SF and has two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,862
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,240
$1.1M
Cap Rate 7%
$783,743
$783.7K
Cap Rate 9%
$609,578
$609.6K
Market Conditions
NOI Build-Up for 4,242 SF
Gross rent
$76.4K $18.00/SF
− Vacancy
−$3.2K −$0.76/SF
EGI
$73.1K $17.24/SF
− OpEx
−$18.3K −$4.31/SF
NOI
$54.9K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,240
Cap Rate 7%
$783,743
Cap Rate 9%
$609,578
Alternative Uses
Best Use
Specialty Retail
$783.7K
$685.8K – $914.4K
NOI $54,862 @ 7.0% cap · market cap 5.28%
Second Best
Retail
$731.5K
$640.1K – $853.4K
NOI $51,204 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,658 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,523 visits/mo
0.4 miles
KeyBank
Shops & Services
4,121 visits/mo
0.1 miles
Demographics for 12054, NY
17,282
Population
7,221
Households
2.4
Avg Household Size
46
Median Age
68%
College-Educated
98%
High-School Grad
15.5 sq mi
ZIP Area
1,115
Density / Sq Mi
$128,684
Median Household Income
$69,853
Median Earnings
$1,658
Median Rent
$334,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Albany County, NY
Properties on Market for Mixed-use properties in Albany County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space and a two-bedroom residence occupy separate floors, with dedicated residential access and Hamlet zoning.
Where is this mixed-use property located?
The property is located at 376-378 Delaware Avenue Bethlehem, NY.
What is the asking price?
The asking price for this property is $1,038,389.
What are key features of this property?
This property features: Two‑story building constructed in 1948; Approximately 3,000 SF of first‑floor retail space; Second‑floor apartment measures 1,242 SF and has two bedrooms
