Mixed-Use Property with Studio
New
For Sale
$6,750,000
422 Main Street, Beacon, NY 12508
Two connected buildings combine furnished residential accommodations with ground-floor commercial space on downtown Main Street.
Property Size13,939 SF
Lot Size0.35 Acres
Price / SF$384.31
Days on Market2
Property Features for 422 Main Street
General Information
Standard status
Active
Size
13,939 SF
Lot size
0.35 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
residential, commercial
Units
Unit Mix
12 x studio, 26 x SRO
Multifamily Units
38
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$45,139
Building Details
Building Size
13,939 SF
Buildings
2
Tenancy
Multi
Listing Agency:
Serhant LLC
Listed By:
Jake Garay (jakegaray@serhant.com)
(516) 517-2400
Source:
Edifyny
Added: Nov 4
Last Checked: Nov 4 at 11:22AM
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 Serhant LLC
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Investment Insights
Based on property information with market context.
At 422–430 Main Street, two connected buildings provide approximately 17,564 square feet on a 0.35-acre parcel. The property includes about 11,681 square feet of residential area and 5,883 square feet of commercial space. One building has 12 furnished studio apartments, renovated in 2022, with private bathrooms and kitchen facilities, along with restaurant space at street level. The adjoining building contains 26 single-room occupancy accommodations above commercial space, for a total of 38 residential rooms and units.
The property is on downtown Beacon’s Main Street, near restaurants, boutiques, galleries and cultural destinations. Dia Beacon, the Hudson River waterfront, Metro-North rail service and Interstate 84 are also cited as nearby. Potential redevelopment concepts would require review of zoning, occupancy and tenant rights, historic preservation requirements, regulations and municipal approvals.
The property is on downtown Beacon’s Main Street, near restaurants, boutiques, galleries and cultural destinations. Dia Beacon, the Hudson River waterfront, Metro-North rail service and Interstate 84 are also cited as nearby. Potential redevelopment concepts would require review of zoning, occupancy and tenant rights, historic preservation requirements, regulations and municipal approvals.
Key Highlights
- Two connected buildings totaling approximately 17,564 square feet on a 0.35‑acre parcel
- Residential and commercial areas comprise approximately 11,681 and 5,883 square feet, respectively
- 12 furnished studio apartments renovated in 2022, with private bathrooms and kitchen facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,746
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,034,920
$6.0M
Cap Rate 7%
$4,310,657
$4.3M
Cap Rate 9%
$3,352,733
$3.4M
Market Conditions
NOI Build-Up for 17,564 SF
Gross rent
$577.5K $32.88/SF
− Vacancy
−$28.9K −$1.64/SF
EGI
$548.6K $31.24/SF
− OpEx
−$246.9K −$14.06/SF
NOI
$301.7K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,034,920
Cap Rate 7%
$4,310,657
Cap Rate 9%
$3,352,733
Alternative Uses
Best Use
Apartment 5plus
$4.31M
$3.77M – $5.03M
NOI $301,746 @ 7.0% cap · market cap 4.47%
Second Best
Retail
$3.21M
$2.81M – $3.75M
NOI $224,732 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$5.29M
$4.63M – $6.17M
NOI $370,095 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
38
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
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Business Placement
Demographics for 12508, NY
19,537
Population
8,798
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
14.4 sq mi
ZIP Area
1,357
Density / Sq Mi
$88,510
Median Household Income
$59,498
Median Earnings
$1,700
Median Rent
$401,500
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 - Two connected buildings combine furnished residential accommodations with ground-floor commercial space on downtown Main Street.
Where is this mixed-use property located?
The property is located at 422 Main Street Beacon, NY.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Two connected buildings totaling approximately 17,564 square feet on a 0.35‑acre parcel; Residential and commercial areas comprise approximately 11,681 and 5,883 square feet, respectively; 12 furnished studio apartments renovated in 2022, with private bathrooms and kitchen facilities
