Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    401 Main Street, New Paltz, NY 12561

    View on Map
    Claim this Listing
    For Sale
    $1,399,900

    Land available for sale.

    Type:Land
    Added:
    Nov 17, 2023
    Days on Market:
    928
    Last Refresh:
    Mar 16 at 8:22 am

    Property Features for 401 Main Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Nicholas Cuomo

    Listing agent Nicholas Cuomo License #10401279744

    Listing office Keller Williams Realty

    Listing date Nov 17, 2023

    Source Evrealestate

    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 Realty

    HighLights

    • Ulster County location
    • GPS Directions

    Overview

    The property is a land parcel located in Ulster County. The directions to the property are available via GPS.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Paltz
    County
    Ulster
    State
    New York
    Longitude
    -74.06287
    Latitude
    41.742931

    Nearby Similar for Sale

    • $2,999,500
      7,500 SF

      Iconic Destination in Hudson Valley

      High-traffic location suitable for various commercial ventures.
      3 Main Street, New Paltz, NY 12561
      View Details
    • $2,495,000
      2,332 SF

      Mixed-Use Property with Development Potential

      Mixed-use property with income and development potential in New Paltz.
      1-3 Water Street, New Paltz, NY 12561
      View Details
    • $1,199,999
      3,273 SF

      Victorian Triplex in New Paltz

      Charming 1890 brick Victorian triplex in the heart of New Paltz.
      39 N Chestnut Street, New Paltz, NY 12561
      View Details
    • $99,999
      2,500 SF

      Turn-Key Ice Cream Shop

      Profitable, fully operational shop in a high-traffic Hudson Valley location.
      188 Main Street, New Paltz, NY 12561
      View Details
    • $2,999,500
      7,500 SF

      Iconic Hudson Valley Destination

      High-traffic location suitable for hospitality, retail, or mixed-use ventures.
      3 Main Street, New Paltz, NY 12561
      View Details
    • $2,400,000
      2,167 SF

      Mixed-Use Development in New Paltz

      Mixed-use property with retail and commercial spaces for sale.
      145 N Chestnut St, New Paltz, NY 12561
      View Details
    • $799,000
      9,380 SF

      New Paltz Office Building For Sale

      Six-unit office building near New Paltz with income potential.
      40 Sunset Ridge Rd, New Paltz, NY 12561
      View Details
    • $1,199,999
      3,273 SF

      Victorian Triplex in New Paltz

      Charming 1890 brick triplex near SUNY New Paltz campus.
      39 N Chestnut St, New Paltz, NY 12561
      View Details
    • $220,000

      7.3 Acres in New Paltz

      Land with views near New Paltz village.
      37 N Ohioville Road, New Paltz, NY 12561
      View Details
    • $475,000

      Fully Occupied 3-Family Investment Property

      Income-generating 3-family property with expansion potential in New Paltz, NY.
      236 State Route 32 S, New Paltz, NY 12561
      View Details
    • $529,900

      New Paltz Mixed-Use Investment

      High visibility mixed-use property in the heart of New Paltz.
      19 N Front Street, New Paltz, NY 12561
      View Details
    • $1,100,000
      3,200 SF

      Redevelopment Opportunity in New Paltz

      High-visibility commercial property with redevelopment potential in a desirable location.
      526 Main Street, New Paltz, NY 12561
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale.
    Where is this land located?
    The property is located at 401 Main Street New Paltz, NY.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: Ulster County location; GPS Directions
    (845) 928-8000
    We can help!
    Listing Contact
    Nicholas Cuomo
    Real Estate License ID: 10401279744
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    401 Main Street, New Paltz, NY 12561
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!