Mixed-Use Property with High
For Sale
$320,000
717 19th Street, Watervliet, NY 12189
Mixed-use property featuring retail space and residential apartment.
Property Size2,592 SF
Price / SF$123.46
Days on Market159
Property Features for 717 19th Street
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Mixed Use
Building Details
Building Size
2,592 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: May 14
Changed: Oct 6
Last Checked: Oct 19 at 3:28AM
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 Pyramidbrokerage
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Investment Insights
Based on property information with market context.
This mixed-use property benefits from high visibility, with a traffic count of 14,000 cars per day. The property is zoned for mixed-use, featuring a commercial/retail space on the first level with display windows. Above the retail space, there is an unfinished space that has been gutted down to the studs. This area could be used as additional storage for the business or converted into a second apartment to generate additional income. In the back of the building, there is a two-story apartment with a kitchen, bath, and parlor on the first level and one bedroom on the second level. The property includes five off-street parking spaces in the rear. The retail space is built on a slab, while the apartment has a small basement. The total property size is 2592 square feet and is located in Watervliet, NY.
Key Highlights
- High visibility location with 14,000 cars per day.
- Mixed‑use zoning allows for flexible usage options.
- Existing retail/commercial space on the first level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,661
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,220
$513.2K
Cap Rate 7%
$366,586
$366.6K
Cap Rate 9%
$285,122
$285.1K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$46.7K $18.00/SF
− Vacancy
−$5.6K −$2.16/SF
EGI
$41.1K $15.84/SF
− OpEx
−$15.4K −$5.94/SF
NOI
$25.7K $9.90/SF
Area
Albany County, NY
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,220
Cap Rate 7%
$366,586
Cap Rate 9%
$285,122
Alternative Uses
Best Use
Mixed Use
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.8K
$707.7K – $943.6K
NOI $56,617 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 12189, NY
18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring retail space and residential apartment.
Where is this mixed-use property located?
The property is located at 717 19th Street Watervliet, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: High visibility location with 14,000 cars per day.; Mixed‑use zoning allows for flexible usage options.; Existing retail/commercial space on the first level.
