Professional Office Building with
For Sale
$465,000
51 Sullivan Street, Wurtsboro, NY 12790
Versatile office property with private work areas, shared-office space, two levels, and on-site parking.
Property Size2,867 SF
Price / SF$162.19
Days on Market54
Property Features for 51 Sullivan Street
General Information
Standard status
Active
Size
2,867 SF
Total Parking Spaces
9
Property subtype
OFC
Zoning
GB
Amenities
reception area
private offices
copy room
coffee bar
co-working area
conference room
kitchenette
storage
central air conditioning
front and rear access
Building Details
Building Size
2,867 SF
Year Built
1985
Buildings
1
Stories
2
Abandoned
No
Listing Agency:
KW HUDSON VALLEY UNITED
Listed By:
Matthew Gibbs · License #10301219733
(845) 610-6088
Source:
Realnex
Added: Sep 10
Changed: Sep 15
Last Checked: Nov 1 at 2:13AM
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 KW HUDSON VALLEY UNITED
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Investment Insights
Based on property information with market context.
This 2,867-square-foot professional office building combines a practical workplace layout with distinctive interior features. The first floor includes a reception area, three private offices, a copy room, coffee bar with sink, half bath, and a separately accessed coworking or shared-office area. A spiral staircase connects to the second-floor library and conference room, which features a vaulted, wood-paneled ceiling. The upper level also includes a full tiled bath, kitchenette, and storage within the eave areas.
Built in 1985, the property has central air conditioning, front and rear access, and private parking for nine vehicles. GB zoning supports its office classification, while the two-level arrangement accommodates private offices, collaborative work areas, meeting space, and supporting amenities.
Built in 1985, the property has central air conditioning, front and rear access, and private parking for nine vehicles. GB zoning supports its office classification, while the two-level arrangement accommodates private offices, collaborative work areas, meeting space, and supporting amenities.
Key Highlights
- 2,867‑square‑foot professional office building
- Three private offices plus separately accessed coworking or shared‑office area
- Second‑floor library and conference room with vaulted, wood‑paneled ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,253
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,060
$805.1K
Cap Rate 7%
$575,043
$575.0K
Cap Rate 9%
$447,256
$447.3K
Market Conditions
NOI Build-Up for 2,867 SF
Gross rent
$68.8K $24.00/SF
− Vacancy
−$15.1K −$5.28/SF
EGI
$53.7K $18.72/SF
− OpEx
−$13.4K −$4.68/SF
NOI
$40.3K $14.04/SF
Area
Sullivan County, NY
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,060
Cap Rate 7%
$575,043
Cap Rate 9%
$447,256
Alternative Uses
Best Use
Office B
$575.0K
$503.2K – $670.9K
NOI $40,253 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$786.4K
$688.1K – $917.4K
NOI $55,046 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
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Business Placement
Demographics for 12790, NY
4,817
Population
2,827
Households
1.7
Avg Household Size
47
Median Age
32%
College-Educated
89%
High-School Grad
51.5 sq mi
ZIP Area
94
Density / Sq Mi
$82,772
Median Household Income
$52,448
Median Earnings
$1,414
Median Rent
$203,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Versatile office property with private work areas, shared-office space, two levels, and on-site parking.
Where is this office building located?
The property is located at 51 Sullivan Street Wurtsboro, NY.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,867‑square‑foot professional office building; Three private offices plus separately accessed coworking or shared‑office area; Second‑floor library and conference room with vaulted, wood‑paneled ceiling
