Retail Storefront with Garage &
527 N Perry St Johnstown, NY 12095
For Sale
Contact for pricing
Storefront property with three rentable spaces, including rear entry area, large garage, and 2-bedroom apartment.
Property Size4,432 SF
Price / SF$67.46
Days on Market601
Property Features for 527 N Perry St
General Information
Standard status
Active
Size
4,432 SF
Property subtype
RETAIL
Listing Agency:
Coldwell Banker - Prime Properties | Cohoes
(518) 762-3808
Listed By:
Loretta Weldner · License #30WE0802252
(518) 762-3808
Source:
Moodyscre
Added: Dec 6, 2024
Changed: Jul 26
Last Checked: Jul 29 at 12:58PM
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 Coldwell Banker - Prime Properties | Cohoes
Investment Insights
Based on property information with market context.
This storefront property offers three rentable spaces designed for flexible business use. The front features a storefront with visibility for customer traffic. A separate rear area includes a private entrance, providing options for a secondary business or rental. Also on site is a spacious 2-bedroom apartment suitable for live-in ownership or additional rental income, along with a large commercial garage offering ample storage and workspace. Additional outdoor space is supported by an on-site gazebo. The property is described as in excellent condition, with brand-new central air for year-round comfort.
Located on a high-traffic road between Johnstown and Gloversville, the property is set in a country setting toward the rear, offering privacy for owners or tenants while still maintaining commercial access from the front.
Located on a high-traffic road between Johnstown and Gloversville, the property is set in a country setting toward the rear, offering privacy for owners or tenants while still maintaining commercial access from the front.
Key Highlights
- Storefront property with three rentable spaces, including a storefront, rear area, and a 2‑bedroom apartment
- Front storefront with separate rear area and private entrance for a secondary business or rental
- 2‑bedroom apartment for live‑in ownership or additional rental income
Financial Insights For Industrial
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 | $42.0k | $9.48 |
| − Vacancy | −$2.9k | −$0.64 |
| EGI | $39.2k | $8.84 |
| − OpEx | −$11.7k | −$2.65 |
| NOI | $27.4k | $6.18 |
4,432 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$596.1K
$521.6K – $695.5K
NOI $41,728 @ 7.0% cap · market cap 13.96%
Second Best
Industrial
$391.6K
$342.6K – $456.9K
NOI $27,411 @ 7.0% cap · market cap 9.17%
Theoretical Best
Multifamily LT 5
$3.06M
$2.68M – $3.57M
NOI $214,475 @ 7.0% cap · market cap 71.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with three rentable spaces, including rear entry area, large garage, and 2-bedroom apartment.
Where is this storefront property located?
The property is located at 527 N Perry St Johnstown, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Storefront property with three rentable spaces, including a storefront, rear area, and a 2‑bedroom apartment; Front storefront with separate rear area and private entrance for a secondary business or rental; 2‑bedroom apartment for live‑in ownership or additional rental income
