Waterfront Mixed-Use
45 Wigwam Drive, Pulaski, NY 13142
For Sale
$749,000
The building combines restaurant space with two upper-level apartments, an office, shared laundry, and a rooftop deck.
Property Size8,885 SF
Price / SF$84.30
Days on Market308
Property Features for 45 Wigwam Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Road Access
Patio
Taxes and HOA fees
Annual Taxes
Amenities
private rooftop deck
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
North Star Real Estate & Property Management
Listed By:
Danielle Stover
(315) 777-4365
Source:
Davislakeandriverrealty
Added: Jan 6
Changed: Nov 7
Last Checked: Nov 9 at 2:58PM
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 North Star Real Estate & Property Management
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Investment Insights
Based on property information with market context.
The Wigwam is a mixed-use property with a restaurant and two apartments on the upper level. The apartments comprise a one-bedroom unit and a three-bedroom, two-bath unit. An office, shared laundry, and private rooftop deck are also part of the building. The property was built in 1994 and is zoned COM, Commercial.
Set on Sandy Pond, an inlet along Lake Ontario, the property can be reached by land or boat. The rooftop deck overlooks Sandy Pond and Lake Ontario.
Set on Sandy Pond, an inlet along Lake Ontario, the property can be reached by land or boat. The rooftop deck overlooks Sandy Pond and Lake Ontario.
Key Highlights
- Waterfront restaurant with access by land and boat
- Two apartments: one with 1 bedroom and one with 3 bedrooms and 2 bathrooms
- Upper level includes an office and shared laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,161
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,220
$1.4M
Cap Rate 7%
$973,729
$973.7K
Cap Rate 9%
$757,344
$757.3K
Market Conditions
NOI Build-Up for 8,885 SF
Gross rent
$131.1K $14.76/SF
− Vacancy
−$7.2K −$0.81/SF
EGI
$123.9K $13.95/SF
− OpEx
−$55.8K −$6.28/SF
NOI
$68.2K $7.67/SF
Area
Oswego County, NY
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,220
Cap Rate 7%
$973,729
Cap Rate 9%
$757,344
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,910 @ 7.0% cap · market cap 15.34%
Second Best
Mixed Use
$1.13M
$989.6K – $1.32M
NOI $79,165 @ 7.0% cap · market cap 10.57%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,055 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 13142, NY
6,323
Population
3,465
Households
1.8
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
72.2 sq mi
ZIP Area
88
Density / Sq Mi
$85,000
Median Household Income
$41,152
Median Earnings
$852
Median Rent
$157,500
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines restaurant space with two upper-level apartments, an office, shared laundry, and a rooftop deck.
Where is this mixed-use property located?
The property is located at 45 Wigwam Drive Pulaski, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Waterfront restaurant with access by land and boat; Two apartments: one with 1 bedroom and one with 3 bedrooms and 2 bathrooms; Upper level includes an office and shared laundry
