Historic Hotel, Pub, and
59 W Main Street Broadalbin, NY 12025
59 W Main Street, Broadalbin, NY, 12025
$1,650,000
For Sale
$1,650,000
Renovated hotel, pub, and eatery with strong financials.
Property Size18,092 SF
Price / SF$91.20
Days on Market448
Property Features for 59 W Main Street
General Information
- Standard status
- Active
- Size
- 18,092 SF
Listing Agency
CHAD MAJEWSKI REAL ESTATE
Listed by
CHAD J MAJEWSKI
Source
Corcoran
Added: Apr 27, 2025 Checked: Jul 17 at 3:34 am
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 CHAD MAJEWSKI REAL ESTATE
Investment Insights
Based on property information with market context.
The Historic Broadalbin Hotel Pub Eatery, established in 1854, offers old-world charm and has been recently renovated. This fully operational hotel is currently booking into 2026. The property features 12 rooms, along with a 2-bedroom owner's suite. A large, modern kitchen is equipped to cater to both small and large gatherings. The banquet hall has a capacity of over 100 people, while the pub and lounge area can accommodate 70 or more. The property also includes seasonal outdoor porches and verandas. The vacant third floor presents an opportunity for additional rooms or a larger owner's suite. The business benefits from a loyal customer base, solid financials, and a strong occupancy rate. The property size is 18,092 square feet.
Key Highlights
- Fully operational and booking into 2026, indicating immediate income potential and established business.
- Recently renovated from top to bottom, minimizing immediate maintenance costs and offering modern amenities.
- Well‑established hotel with 12 rooms, a banquet hall (100+ capacity), and a pub (70+ capacity), providing diverse revenue streams.
Local Financial Insights For Hotel Hospitality
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 | $325.7k | $18.00 |
| − Vacancy | −$179.1k | −$9.90 |
| EGI | $146.5k | $8.10 |
| − OpEx | −$76.9k | −$4.25 |
| NOI | $69.6k | $3.85 |
18,092 SF · lease $18.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$3.63M
$3.18M – $4.24M
NOI $254,262 @ 7.0% cap · market cap 15.41%
Second Best
Retail
$2.43M
$2.13M – $2.84M
NOI $170,340 @ 7.0% cap · market cap 10.32%
Theoretical Best
Multifamily LT 5
$12.51M
$10.94M – $14.59M
NOI $875,515 @ 7.0% cap · market cap 53.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Historic Hotel Broadalbin ...
Hotel & Motel
Historic Hotel Broadalbin ...
Tour Operator
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FAQs
What type of property is this?
Hotel - Renovated hotel, pub, and eatery with strong financials.
Where is this hotel located?
The property is located at 59 W Main Street Broadalbin, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully operational and booking into 2026, indicating immediate income potential and established business.; **Recently renovated from top to bottom**, minimizing immediate maintenance costs and offering modern amenities.; Well‑established hotel with 12 rooms, a banquet hall (100+ capacity), and a pub (70+ capacity), providing diverse revenue streams.
