Renovated Live-Work
46 N Chestnut Street New Paltz, NY 12561
46 N Chestnut Street, New Paltz, NY, 12561
$629,000
For Sale
$629,000
Fully renovated building with main-level professional office and upstairs private apartment, plus parking, garage, and pickleball court.
Property Size1,990 SF
Lot Size0.32 Acres
Price / SF$316.08
Days on Market22
Property Features for 46 N Chestnut Street
General Information
- Standard status
- Active
- Size
- 1,990 SF
- Lot size
- 0.32 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
EXP REALTY
(888) 276-0630
Listed by
LINDSAY STEVENS · License #10301211263
Source
Corcoran
Added: Jun 30 Updated: Jul 20 at 6:16PM Checked: Jul 21 at 4:52AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
46 N Chestnut Street in the Village of New Paltz presents a fully turn-key, renovated live-work/commercial-residential setup. The main level was designed and restored by Seakill Custom Home Builders for private office use and features a welcoming foyer, a reception area with hardwood floors, a kitchenette/coffee bar, and a flexible open workspace suitable for multiple desks. A standout custom conference room includes natural wood beams and wide-plank flooring, complemented by built-in storage, workstations, and a half bath. There is easy access to the basement for additional storage.
Upstairs, a private apartment provides flexible living and income options. The residence is fully renovated and receives abundant natural light, with sunset views over the village. The layout includes an eat-in kitchen with dining area, a full bath, and a spacious bedroom that can also serve as a living area.
Outside, the property is set on a 0.32-acre lot and includes ample private parking, a detached garage, and a private pickleball court. The building is just steps from Main Street’s restaurants, cafes, boutiques, and the Rail Trail.
Upstairs, a private apartment provides flexible living and income options. The residence is fully renovated and receives abundant natural light, with sunset views over the village. The layout includes an eat-in kitchen with dining area, a full bath, and a spacious bedroom that can also serve as a living area.
Outside, the property is set on a 0.32-acre lot and includes ample private parking, a detached garage, and a private pickleball court. The building is just steps from Main Street’s restaurants, cafes, boutiques, and the Rail Trail.
Key Highlights
- 1965‑built, fully renovated mixed‑use building with main‑level professional office and an upstairs private apartment
- Main level includes a reception area, polished hardwood floors, kitchenette/coffee bar, flexible open workspace, custom conference room, and half bath
- Upstairs apartment features an eat‑in kitchen with dining area, full bath, bedroom, and additional living space with natural light and sunset views
Local Financial Insights For Office B
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 | $59.7k | $30.00 |
| − Vacancy | −$7.6k | −$3.81 |
| EGI | $52.1k | $26.19 |
| − OpEx | −$13.0k | −$6.55 |
| NOI | $39.1k | $19.64 |
1,990 SF · lease $30.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$16.21M
$14.18M – $18.91M
NOI $1,134,544 @ 7.0% cap · market cap 180.37%
Second Best
Office B
$558.4K
$488.6K – $651.5K
NOI $39,089 @ 7.0% cap · market cap 6.21%
Theoretical Best
Multifamily LT 5
$18.61M
$16.28M – $21.71M
NOI $1,302,701 @ 7.0% cap · market cap 207.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Seakill Custom Home ...
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Fully renovated building with main-level professional office and upstairs private apartment, plus parking, garage, and pickleball court.
Where is this live-work space located?
The property is located at 46 N Chestnut Street New Paltz, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 1965‑built, fully renovated mixed‑use building with main‑level professional office and an upstairs private apartment; Main level includes a reception area, polished hardwood floors, kitchenette/coffee bar, flexible open workspace, custom conference room, and half bath; Upstairs apartment features an eat‑in kitchen with dining area, full bath, bedroom, and additional living space with natural light and sunset views
