Live-Work Retail/Office
7792 STATE ROUTE 55 Neversink, NY 12765
For Sale
$249,000
Gutted building with completed electrical and plumbing, featuring framed apartment space upstairs and a 50-by-30 downstairs area.
Property Size1,992 SF
Price / SF$125
Days on Market272
Property Features for 7792 STATE ROUTE 55
General Information
- Standard status
- Active
- Size
- 1,992 SF
- Property subtype
- Retail
Listing Agency:
ESTMAX REALTY
(845) 395-8122
Listed By:
David Katina
(845) 395-8122
Source:
Xome
Added: Oct 25, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:07AM
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 ESTMAX REALTY
Investment Insights
Based on property information with market context.
This live-work building has been gutted, offering a blank canvas for a new owner’s buildout. Electrical and plumbing work have already been completed, and the interior is partially framed, including an apartment layout upstairs. The downstairs area is approximately 50 by 30, and the property also includes a barn on-site that can be used for additional storage.
The property is located on State Route 55 in Neversink, New York, and is being sold as-is. Environmental matters from the property’s earlier history as a gas station and convenience store have been addressed and are documented with the town.
The current configuration supports multiple end uses, including a work-and-live arrangement or conversion to a residential home, subject to applicable requirements.
The property is located on State Route 55 in Neversink, New York, and is being sold as-is. Environmental matters from the property’s earlier history as a gas station and convenience store have been addressed and are documented with the town.
The current configuration supports multiple end uses, including a work-and-live arrangement or conversion to a residential home, subject to applicable requirements.
Key Highlights
- Gutted building on a state road in Neversink, NY, with new owner‑ready layout potential
- Electrical and plumbing are completed, with interior reframing already done
- Approx. 50‑by‑30 downstairs area
Financial Insights For Mixed Use
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 | $31.1k | $15.60 |
| − Vacancy | −$3.7k | −$1.87 |
| EGI | $27.3k | $13.73 |
| − OpEx | −$10.3k | −$5.15 |
| NOI | $17.1k | $8.58 |
1,992 SF · lease $15.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$399.5K
$349.6K – $466.1K
NOI $27,968 @ 7.0% cap · market cap 11.23%
Second Best
Retail
$343.5K
$300.6K – $400.8K
NOI $24,045 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$546.4K
$478.1K – $637.4K
NOI $38,246 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Gutted building with completed electrical and plumbing, featuring framed apartment space upstairs and a 50-by-30 downstairs area.
Where is this live-work space located?
The property is located at 7792 STATE ROUTE 55 Neversink, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Gutted building on a state road in Neversink, NY, with new owner‑ready layout potential; Electrical and plumbing are completed, with interior reframing already done; Approx. 50‑by‑30 downstairs area
