Mixed-Use Downtown
65 Bay Street Glens Falls, NY 12801
65 Bay Street, Glens Falls, NY, 12801
$1,590,000
For Sale
$1,590,000
Five unique buildings combine commercial space and residential apartments in downtown Glens Falls.
Property Size10,488 SF
Price / SF$151.60
Days on Market378
Property Features for 65 Bay Street
General Information
- Standard status
- Active
- Size
- 10,488 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1950
Listing agency
DeMarsh Real Estate
(518) 222-1281
Listed by
Tina M Arcuri-Demarsh · License #10371200079
(518) 222-1281
Source
Compass
Added: Jul 9, 2025 Updated: Jul 20 at 4:59PM Checked: Jul 20 at 4:59PM
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 DeMarsh Real Estate
Investment Insights
Based on property information with market context.
A five-building mixed-use portfolio at 65 Bay Street offers a combination of commercial space and residential apartments. The property includes residential units along with commercial areas, providing multiple income-producing components within one downtown grouping.
The buildings are described as within walking distance to downtown Glens Falls, an area noted for growth. The listing also states the property has a great rental history and income.
At the time of listing, the offering is back on market due to the buyer’s financing not being approved, with pending releases.
The buildings are described as within walking distance to downtown Glens Falls, an area noted for growth. The listing also states the property has a great rental history and income.
At the time of listing, the offering is back on market due to the buyer’s financing not being approved, with pending releases.
Key Highlights
- Five unique buildings with a mix of commercial space and residential apartments in downtown Glens Falls
- Solid rental history and income, according to listing remarks
- 1950 build with vinyl siding and block foundation
Local Financial Insights For Retail
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 | $157.3k | $15.00 |
| − Vacancy | −$12.6k | −$1.20 |
| EGI | $144.7k | $13.80 |
| − OpEx | −$43.4k | −$4.14 |
| NOI | $101.3k | $9.66 |
10,488 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,314 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,460 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,745 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allen B Powers ...
Accounting Firm
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FAQs
What type of property is this?
Multifamily property - Five unique buildings combine commercial space and residential apartments in downtown Glens Falls.
Where is this multifamily property located?
The property is located at 65 Bay Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Five unique buildings with a mix of commercial space and residential apartments in downtown Glens Falls; Solid rental history and income, according to listing remarks; 1950 build with vinyl siding and block foundation
