Mixed-Use Building with Display
For Sale
$299,999
717 19th Street, Watervliet, NY 12189
Commercial Sale, Watervliet, NY
Property Size2,592 SF
Lot Size0.09 Acres
Price / SF$115.74
Days on Market141
Property Features for 717 19th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
5
Parking features
Off Street
Patio and Porch features
Porch
Basement
Unfinished, Partial
Lot features
Level, Corner Lot
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
19th St In watervliet between 7th and 8th Ave
Standard status
Active
APN
011800 32.50-4-51
Size
2,592 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3722
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Carpet, Vinyl, Wood
Building materials
Aluminum Siding, Brick, Vinyl Siding
Roof type
Asphalt, Rubber
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 286-1000
Listed By:
Luanne Sciotti · License #10301200606
(518) 221-8756
Added: May 6
Changed: Sep 18
Last Checked: Sep 23 at 7:06PM
MLS# 202616530
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,592-square-foot mixed-use building, constructed in 1930, includes a commercial or retail area on the first level and a separate two-story apartment at the rear. The apartment has a kitchen, bathroom, parlor, and one bedroom, while a small basement provides additional space. Above the commercial area, a gutted section remains unfinished and may accommodate business storage or a second apartment, subject to applicable requirements.
The property sits at 717 19th Street in Watervliet, with reported visibility from approximately 14,000 cars per day. The site encompasses 0.09 acres and provides five off-street parking spaces. Mixed zoning, public water, public sewer, central air, forced-air and electric heating, and a combination of wood, carpet, and vinyl flooring support the building’s varied commercial and residential configuration.
The property sits at 717 19th Street in Watervliet, with reported visibility from approximately 14,000 cars per day. The site encompasses 0.09 acres and provides five off-street parking spaces. Mixed zoning, public water, public sewer, central air, forced-air and electric heating, and a combination of wood, carpet, and vinyl flooring support the building’s varied commercial and residential configuration.
Key Highlights
- 2,592‑square‑foot mixed‑use building on 0.09 acres
- Mixed zoning with commercial or retail space on the first level
- Rear two‑story apartment with kitchen, bath, parlor, and one bedroom
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
$25,661
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
8.55%
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%
$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
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
$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 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%
$513,220
Cap Rate 7%
$366,586
Cap Rate 9%
$285,122
Alternative Uses
Best Use
Retail
$447.0K
$391.1K – $521.5K
NOI $31,288 @ 7.0% cap · market cap 10.43%
Second Best
Mixed Use
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$808.8K
$707.7K – $943.6K
NOI $56,617 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 36%
Groceries 23%
Electronics 1%
Price Chopper Supermarkets
Groceries
25,379 visits/mo
0.1 miles
McDonald's
Dining
19,505 visits/mo
0.4 miles
Dollar Tree
Shops & Services
9,782 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,024 visits/mo
0.5 miles
Dunkin' Donuts
Dining
8,622 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-zoned property combines ground-floor commercial space with a rear two-story apartment and off-street parking.
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 $299,999.
What are key features of this property?
This property features: 2,592‑square‑foot mixed‑use building on 0.09 acres; Mixed zoning with commercial or retail space on the first level; Rear two‑story apartment with kitchen, bath, parlor, and one bedroom
