Mixed-Use Retail and Apartment
For Sale
$320,000
717 19th Street, Watervliet, NY 12189
COMMERCIAL - Other - Watervliet, NY
Property Size2,592 SF
Lot Size0.09 Acres
Price / SF$123.46
Days on Market96
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
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Vinyl, Carpet, 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: Aug 4
Last Checked: Aug 9 at 9:06AM
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 mixed-use building includes a commercial/retail space on the first level with beautiful display windows. The upper portion is currently gutted down to the studs and ready to be finished, offering flexible options for additional business storage or a second apartment. At the rear 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 retail portion is on a slab, and the apartment includes a small basement.
The property is zoned mixed use. Public remarks also indicate high visibility along with approximately 14,000 cars per day. In addition, the rear provides five off-street parking spaces.
Overall, the building presents a straightforward configuration for buyers looking to combine retail space with residential income, with the added benefit of an upper area that is ready for buildout.
The property is zoned mixed use. Public remarks also indicate high visibility along with approximately 14,000 cars per day. In addition, the rear provides five off-street parking spaces.
Overall, the building presents a straightforward configuration for buyers looking to combine retail space with residential income, with the added benefit of an upper area that is ready for buildout.
Key Highlights
- Mixed‑use building with commercial/retail on the first level and additional space above (currently gutted down to the studs).
- Two‑story rear apartment with kitchen, bath and parlor on the first level, plus 1 bedroom on the second level.
- 5 off‑street parking spaces in the rear; off‑street parking included for the building.
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
$27,686
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
8.65%
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%
$553,720
$553.7K
Cap Rate 7%
$395,514
$395.5K
Cap Rate 9%
$307,622
$307.6K
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
$52.9K $20.40/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$50.3K $19.42/SF
− OpEx
−$22.7K −$8.74/SF
NOI
$27.7K $10.68/SF
Area
Albany County, NY
Vacancy
4.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$553,720
Cap Rate 7%
$395,514
Cap Rate 9%
$307,622
Alternative Uses
Best Use
Retail
$447.0K
$391.1K – $521.5K
NOI $31,288 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.4K
NOI $27,686 @ 7.0% cap · market cap 8.65%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
14,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story building offers first-level retail space, a gutted upper area, and a rear two-story apartment plus five off-street parking spaces.
Where is this storefront 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: Mixed‑use building with commercial/retail on the first level and additional space above (currently gutted down to the studs).; Two‑story rear apartment with kitchen, bath and parlor on the first level, plus 1 bedroom on the second level.; 5 off‑street parking spaces in the rear; off‑street parking included for the building.
