Mixed-Use Retail with Residential
424 MACEDONIA RD Unit 1135 East Chatham, NY 12060
424 MACEDONIA RD Unit 1135, East Chatham, NY, 12060
$325,000
For Sale
$325,000
First-floor retail includes an open layout and 3/4 bath, with a walkout to a rear yard, plus a second-floor 3BR apartment.
Property Size3,000 SF
Price / SF$108.33
Days on Market164
Property Features for 424 MACEDONIA RD Unit 1135
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1874
Listing agency
(914) 825-4913
Listed by
Preferred Country Properties
(914) 825-4913
Source
Xome
Added: Feb 9 Updated: Jul 20 at 11:00PM Checked: Jul 23 at 4:23AM
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 Preferred Country Properties
Investment Insights
Based on property information with market context.
This mixed-use property features first-floor retail space and a second-floor residential apartment. The retail area includes an open layout with a 3/4 bath (including shower), two storage rooms, and a walkout to the rear yard. The upper level is a 3-bedroom apartment with a large great room and a full bath.
Site improvements include a detached 1.5-car garage, on-site parking, and access to a cross-street location. Public remarks indicate high visibility on the main NY–MA artery, with proximity to the Berkshires and Chatham Village.
The property is reported to be fully rented, with separate first- and second-floor tenants. A 24–48 hour notice is required to show, and the broker is to accompany all showings.
Site improvements include a detached 1.5-car garage, on-site parking, and access to a cross-street location. Public remarks indicate high visibility on the main NY–MA artery, with proximity to the Berkshires and Chatham Village.
The property is reported to be fully rented, with separate first- and second-floor tenants. A 24–48 hour notice is required to show, and the broker is to accompany all showings.
Key Highlights
- Mixed‑use property built in 1874 with 1st‑floor retail and a 2nd‑floor 3BR apartment
- About 3,000 sqft total, including a 50' x 25' open retail space with a 3/4 bath (incl. shower)
- Second‑floor unit features a 50' great room plus 3 bedrooms, a full bath, and a LR/DR/kitchen layout
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$2.7k | −$0.90 |
| EGI | $51.3k | $17.10 |
| − OpEx | −$23.1k | −$7.69 |
| NOI | $28.2k | $9.41 |
3,000 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$403.1K
$352.7K – $470.3K
NOI $28,215 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$742.2K
$649.4K – $865.9K
NOI $51,955 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - First-floor retail includes an open layout and 3/4 bath, with a walkout to a rear yard, plus a second-floor 3BR apartment.
Where is this mixed-use property located?
The property is located at 424 MACEDONIA RD Unit 1135 East Chatham, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Mixed‑use property built in 1874 with 1st‑floor retail and a 2nd‑floor 3BR apartment; About 3,000 sqft total, including a 50' x 25' open retail space with a 3/4 bath (incl. shower); Second‑floor unit features a 50' great room plus 3 bedrooms, a full bath, and a LR/DR/kitchen layout
