Furnished Mixed-Use
New
For Sale
$199,900
38 Oak Street, Deposit, NY 13754
CommercialSale, Deposit, NY
Property Size1,326 SF
Lot Size0.13 Acres
Price / SF$150.75
Days on Market3
Property Features for 38 Oak Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Zoning description
Commercial
Parking
5
Lot features
Irregular Lot
Elementary school district
Deposit
Middle school district
Deposit
High school district
Deposit
Directions
From NY-17 take Exit 84 toward Deposit. Follow NY-10 (Oak Street) towards village. House is between the Deposit Motel and Honey's 50's Cafe.
Subdivision
Deposit Village-123001
Standard status
Active
APN
367.5-1-14
Size
1,326 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4790
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Building materials
StructuralInsulatedPanels
Roof type
Asphalt
Listing Agency:
Keller Williams Upstate NY Properties · Keller Williams Realty
(607) 431-2540
Listed By:
Jami J. Brown · License #10401372309
(515) 708-1518
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 8 at 12:06AM
MLS# R1712283
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This furnished mixed-use property occupies 1,326 square feet on a 0.13-acre lot and is zoned C-1. The upper level includes three bedrooms, one full bathroom, and one half bathroom, while the lower level provides one bedroom and one full bathroom. Separate entrances serve each level, and a shared laundry area includes an individual washer and dryer for each unit. A walk-up attic adds storage space.
Recent work includes updated kitchens and bathrooms, new HVAC, electrical and plumbing systems, new flooring, and new appliances. The building has central air, forced-air heating, an asphalt roof, and a septic tank. It is positioned just off Route 17 at Exit 84, less than 2.5 hours from the George Washington Bridge, with access to the Delaware River and the Catskills.
Recent work includes updated kitchens and bathrooms, new HVAC, electrical and plumbing systems, new flooring, and new appliances. The building has central air, forced-air heating, an asphalt roof, and a septic tank. It is positioned just off Route 17 at Exit 84, less than 2.5 hours from the George Washington Bridge, with access to the Delaware River and the Catskills.
Key Highlights
- C‑1 zoning supports mixed‑use property classification
- 1,326 square feet on a 0.13‑acre lot
- Separate entrances for upper and lower levels
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
$12,814
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
6.41%
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%
$256,280
$256.3K
Cap Rate 7%
$183,057
$183.1K
Cap Rate 9%
$142,378
$142.4K
Market Conditions
NOI Build-Up for 1,326 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
$23.9K $18.00/SF
− Vacancy
−$3.4K −$2.54/SF
EGI
$20.5K $15.46/SF
− OpEx
−$7.7K −$5.80/SF
NOI
$12.8K $9.66/SF
Area
Broome County, NY
Vacancy
14.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$256,280
Cap Rate 7%
$183,057
Cap Rate 9%
$142,378
Alternative Uses
Best Use
Mixed Use
$183.1K
$160.2K – $213.6K
NOI $12,814 @ 7.0% cap · market cap 6.41%
Second Best
Multifamily LT 5
$169.3K
$148.1K – $197.5K
NOI $11,848 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$329.0K
$287.9K – $383.8K
NOI $23,028 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 13754, NY
2,912
Population
1,990
Households
1.5
Avg Household Size
47
Median Age
14%
College-Educated
94%
High-School Grad
77.9 sq mi
ZIP Area
37
Density / Sq Mi
$59,583
Median Household Income
$37,500
Median Earnings
$753
Median Rent
$126,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1-zoned property with separate entrances, updated systems, and flexible residential or office use.
Where is this mixed-use property located?
The property is located at 38 Oak Street Deposit, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: C‑1 zoning supports mixed‑use property classification; 1,326 square feet on a 0.13‑acre lot; Separate entrances for upper and lower levels
