Mixed-Use Student Housing
650 W German St, Herkimer, NY 13350
Mixed-use property with student housing and commercial revenue streams.
Type:Mixed Use, Multifamily, Retail
Property size:
36,500 SFLot size:
1.15 Acres- Added:
- Feb 23, 2026
- Days on Market:
- 82
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 650 W German St
General Information
- Standard status
- Active
- Size
- 36,500 SF
- Lot size
- 1.15 Acres
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1910
Listing agent Daniel Dean License #TX842477
Listing office Bracket Real Estate, Inc
Listing date Feb 23, 2026
Source Crexi
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 Bracket Real Estate, Inc
HighLights
- Diversified "three‑pillar" income model provides stable cash flow and reduces risk.
- Institutional cash flow with direct payments from institutions and schools virtually eliminates student‑tenant collection risk.
- Located in a designated Opportunity Zone, offering potential tax advantages for investors.
- Mixed‑use property with on‑site restaurant, convenience store, and other amenities generates year‑round revenue.
- High parking ratio (1.29/bed) provides a competitive advantage.
- "Very Walkable" location (Walk Score of 71) makes it attractive to students.
Overview
Located in a designated Opportunity Zone, the property at 650 W German St in Herkimer, NY, is a 36,500-square-foot mixed-use asset. It features a 57-bed capacity across 31 residential units, including seven one-bedroom units, twenty-two two-bedroom units, and larger three and four-bedroom floor plans. A significant portion of the residential revenue is sourced directly via institutional and school disbursements. The property also includes an on-site restaurant under a monthly lease, a first-floor convenience store, and revenue streams tied to regional baseball lodging programs, vending services, and community-wide Wi-Fi infrastructure. The 1.15-acre site includes 40 surface parking spaces, providing a 1.29/bed ratio. The building is a three-story masonry structure equipped with an elevator and 24-hour access. Utilities are master-metered. The property has a Walk Score® of 71, indicating it is very walkable.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Salvatore's
Restaurant
Brookwood Apartments: Housing ...
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Herkimer
- County
- Herkimer
- State
- New York
- Longitude
- -74.9981792
- Latitude
- 43.0261806
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with student housing and commercial revenue streams.
Where is this mixed-use property located?
The property is located at 650 W German St Herkimer, NY.
What are key features of this property?
This property features: Diversified "three‑pillar" income model provides stable cash flow and reduces risk.; Institutional cash flow with direct payments from institutions and schools virtually eliminates student‑tenant collection risk.; Located in a designated Opportunity Zone, offering potential tax advantages for investors.
