Storefront Property with Storage
For Sale
$349,900
77 Sullivan Street, Wurtsboro, NY 12790
Open retail-oriented layout with auxiliary space, rear access, and room for parking and deliveries.
Property Size2,496 SF
Days on Market271
Property Features for 77 Sullivan Street
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Commercial
Zoning
C1
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,568
Building Details
Building Size
2,496 SF
Buildings
2
Stories
2
Listing Agency:
Malek Properties
(845) 798-2300
Listed By:
Carol Malek · License #31MA1121533
(845) 798-2300
Source:
Alexandermadisonhomes
Added: Dec 1, 2025
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 Malek Properties
Investment Insights
Based on property information with market context.
This storefront property includes a largely open first level measuring 1488 SF, along with a rear room, restroom, and side and rear entrances. The building also provides a full second story that is currently unheated and a full basement for storage. A metal roof was completed about 8 years ago.
A separate Quonset building at the rear measures 20x60 and includes a second story. The property has a rear driveway with space for parking and deliveries. Located at 77 Sullivan St in the Village of Wurtsboro, the site is a few minutes from Rt 17 (I-86) and 15-20 minutes from Orange County and Ulster County.
A separate Quonset building at the rear measures 20x60 and includes a second story. The property has a rear driveway with space for parking and deliveries. Located at 77 Sullivan St in the Village of Wurtsboro, the site is a few minutes from Rt 17 (I-86) and 15-20 minutes from Orange County and Ulster County.
Key Highlights
- 1488 SF first level with mostly open space, rear room, restroom, and multiple entrances
- Full second story and basement provide additional storage capacity
- Rear Quonset building measures 20x60 and includes a second story
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
$30,129
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
8.61%
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%
$602,580
$602.6K
Cap Rate 7%
$430,414
$430.4K
Cap Rate 9%
$334,767
$334.8K
Market Conditions
NOI Build-Up for 2,496 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
$44.9K $18.00/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$43.0K $17.24/SF
− OpEx
−$12.9K −$5.17/SF
NOI
$30.1K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$602,580
Cap Rate 7%
$430,414
Cap Rate 9%
$334,767
Alternative Uses
Best Use
Office B
$500.6K
$438.1K – $584.1K
NOI $35,044 @ 7.0% cap · market cap 10.02%
Second Best
Retail
$430.4K
$376.6K – $502.2K
NOI $30,129 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$684.6K
$599.0K – $798.7K
NOI $47,923 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12790, NY
4,817
Population
2,827
Households
1.7
Avg Household Size
47
Median Age
32%
College-Educated
89%
High-School Grad
51.5 sq mi
ZIP Area
94
Density / Sq Mi
$82,772
Median Household Income
$52,448
Median Earnings
$1,414
Median Rent
$203,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers By Lynn — 77 Sullivan St, Wurtsboro, NY 12790
- Floral Desigsn by Megha — no store front local deliveries 20 miles of, wurtsboro, ny 12790
Frequently Asked Questions
What type of property is this?
Storefront property - Open retail-oriented layout with auxiliary space, rear access, and room for parking and deliveries.
Where is this storefront property located?
The property is located at 77 Sullivan Street Wurtsboro, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1488 SF first level with mostly open space, rear room, restroom, and multiple entrances; Full second story and basement provide additional storage capacity; Rear Quonset building measures 20x60 and includes a second story
