Mixed-Use Property with High
717 19th Street Watervliet, NY 12189
For Sale
$320,000
Mixed-use property featuring retail space and residential apartment.
Property Size2,592 SF
Price / SF$123.46
Days on Market77
Property Features for 717 19th Street
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Mixed Use
Listing Agency:
Pyramidbrokerage
(518) 489-9199
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: May 14
Changed: Jul 10
Last Checked: Jul 29 at 3:37AM
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
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 For Apartment 5plus
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 | $52.9k | $20.40 |
| − Vacancy | −$2.5k | −$0.98 |
| EGI | $50.3k | $19.42 |
| − OpEx | −$22.7k | −$8.74 |
| NOI | $27.7k | $10.68 |
2,592 SF · lease $20.40/SF/yr · vacancy 4.80% · expense 45.00%
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
Location Intelligence
Current Use
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.
