Building Details

Year built 1900

Floors in Building 2

Building materials Block, Stone, StructuralInsulatedPanels, WoodSiding

Roof type Asphalt

Listing Agency: Coldwell Banker Timberland Properties · Coldwell Banker Real Estate D***@coldwellbankerprime.com Show Phone

Listed By: Robert Dillon · License #10401341663 Show Phone

Added: May 1 Changed: Oct 30 Last Checked: Oct 30 at 6:06PM

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MLS# R1677860

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,998-square-foot mixed-use property combines a ground-floor café with two apartments above, creating a live-work configuration with commercial and residential components. The café includes natural light, French doors, repurposed tin ceilings, and a rear deck overlooking a stream. The upper units are furnished for short-term rental use and feature distinct interiors with modern amenities.

Located at 55 Main Street in Andes, the property occupies a 0.09-acre lot within the Catskill region. The building dates to 1900 and has undergone restoration and renovation. Construction includes block, stone, structural insulated panels, and wood siding. Public water and public sewer serve the property, with oil-fired forced-air heating and zoned cooling.

Key Highlights

• 1,998‑square‑foot mixed‑use building on a 0.09‑acre lot
• Ground‑floor café with natural light, French doors, and repurposed tin ceilings
• Two furnished apartments configured for short‑term rental use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,008

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$620,160 $620.2K

Cap Rate 7%

$442,971 $443.0K

Cap Rate 9%

$344,533 $344.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,998 SF

Gross rent

$43.2K $21.60/SF

− Vacancy

−$1.8K −$0.91/SF

EGI

$41.3K $20.69/SF

− OpEx

−$10.3K −$5.17/SF

NOI

$31.0K $15.52/SF

Area

Delaware County, NY

Vacancy

4.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$620,160

Cap Rate 7%

$442,971

Cap Rate 9%

$344,533

Alternative Uses

Best Use

Office B

$838.5K

$733.7K – $978.3K (±1% cap)

NOI $58,697 @ 7.0% cap · market cap 9.86%

Second Best

Specialty Retail

$443.0K

$387.6K – $516.8K (±1% cap)

NOI $31,008 @ 7.0% cap · market cap 5.21%

Theoretical Best

Office A

$980.3K

$857.7K – $1.14M (±1% cap)

NOI $68,619 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dragonfly55 Epicurean Coffee ... Cafe & Coffee Shop

Suggested Use

Top Pick Furniture & Home Goods Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

Explore this area Business Placement

Demographics for 13731, NY

949

Population

1,165

Households

0.8

Avg Household Size

60

Median Age

32%

College-Educated

96%

High-School Grad

89.8 sq mi

ZIP Area

11

Density / Sq Mi

$76,429

Median Household Income

$52,622

Median Earnings

$1,000

Median Rent

$270,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor café space is paired with two furnished short-term rental apartments in a renovated, multi-use building.

Where is this mixed-use property located?

The property is located at 55 Main Street Andes, NY.

What is the asking price?

The asking price for this property is $595,500.

What are key features of this property?

This property features: 1,998‑square‑foot mixed‑use building on a 0.09‑acre lot; Ground‑floor café with natural light, French doors, and repurposed tin ceilings; Two furnished apartments configured for short‑term rental use