Mixed-Use Building with
For Sale
$650,000
59 CENTER ST, Ellenville, NY 12428
Four-unit mixed-use property combining residential apartments, commercial storefronts, and open parking in Ellenville.
Property Size4,058 SF
Price / SF$160.18
Days on Market347
Property Features for 59 CENTER ST
General Information
Standard status
Active
Size
4,058 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$7,864
Amenities
Electric
3
Parking.
Open Parking, Lot.
Building Details
Tenancy
Multi
Listing Agency:
(845) 800-3032
Listed By:
Keller Williams Hudson Valley
(845) 800-3032
Source:
Xome
Added: Sep 18, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:29PM
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 Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
This 4,058-square-foot mixed-use building combines two residential apartments with two commercial storefronts, creating a blend of living and business space within one property. The storefront component supports commercial occupancy, while the apartments add residential units to the overall configuration.
Located in Ellenville’s village center, the property includes open parking in a dedicated lot. Electric service is identified among the interior features. The combination of residential and commercial areas provides a straightforward mixed-use layout for an owner or investor seeking both property types in a single building.
Located in Ellenville’s village center, the property includes open parking in a dedicated lot. Electric service is identified among the interior features. The combination of residential and commercial areas provides a straightforward mixed-use layout for an owner or investor seeking both property types in a single building.
Key Highlights
- 4,058‑square‑foot mixed‑use building
- Two residential apartments
- Two commercial storefronts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,319
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$966,380
$966.4K
Cap Rate 7%
$690,271
$690.3K
Cap Rate 9%
$536,878
$536.9K
Market Conditions
NOI Build-Up for 4,058 SF
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.
Gross rent
$73.0K $18.00/SF
− Vacancy
−$4.0K −$0.99/SF
EGI
$69.0K $17.01/SF
− OpEx
−$20.7K −$5.10/SF
NOI
$48.3K $11.91/SF
Area
Ulster County, NY
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$966,380
Cap Rate 7%
$690,271
Cap Rate 9%
$536,878
Alternative Uses
Best Use
Multifamily LT 5
$37.95M
$33.21M – $44.27M
NOI $2,656,462 @ 7.0% cap · market cap 408.69%
Second Best
Apartment 5plus
$33.05M
$28.92M – $38.56M
NOI $2,313,559 @ 7.0% cap · market cap 355.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 12428, NY
6,969
Population
3,762
Households
1.9
Avg Household Size
40
Median Age
26%
College-Educated
87%
High-School Grad
55.1 sq mi
ZIP Area
126
Density / Sq Mi
$78,802
Median Household Income
$45,868
Median Earnings
$1,073
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit mixed-use property combining residential apartments, commercial storefronts, and open parking in Ellenville.
Where is this mixed-use property located?
The property is located at 59 CENTER ST Ellenville, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,058‑square‑foot mixed‑use building; Two residential apartments; Two commercial storefronts
