Hurleyville Multifamily Building with
For Sale
$595,000
9 Mongaup Rd, Hurleyville, NY 12747
Multi-family building with storefront in Hurleyville, NY for sale.
Property Size4,800 SF
Lot Size0.19 Acres
Price / SF$123.96
Days on Market165
Property Features for 9 Mongaup Rd
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.19 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,600
Building Details
Building Size
4,800 SF
Year Built
1920
Units
4
Listing Agency:
Keller Williams Hudson Valley Realty & United
(845) 866-0837
Listed By:
Pamela Henning · License #30HE1114381
(845) 866-0837
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 20 at 9:28AM
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 Keller Williams Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
Located in the heart of Hurleyville, this 4800 square foot multi-family building presents an excellent business opportunity. The property features five rentals, including four apartments and a storefront. Situated on a 0.19 acre lot, the building benefits from municipal water and sewer services. The current rental income includes: one-bedroom apartment for $1000, one-bedroom apartment for $1100, one-bedroom apartment for $1350, and a two-bedroom apartment for $1500. The property is conveniently located near Main Street, shops, dining options, the Hurleyville Arts Centre, and rail trails, with easy access to Route 42 and Route 17. This property offers strong demand and upside potential for investors or owner-operators.
Key Highlights
- High Income Generating Property: Features 5 rentals (4 apartments and a storefront).
- Prime Location: In the heart of Hurleyville, near Main Street, shops, dining, and the Hurleyville Arts Centre.
- Strong Rental Demand: Upside potential for investors or owner operators.
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
$36,644
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
6.16%
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%
$732,880
$732.9K
Cap Rate 7%
$523,486
$523.5K
Cap Rate 9%
$407,156
$407.2K
Market Conditions
NOI Build-Up for 4,800 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
$72.6K $15.12/SF
− Vacancy
−$6.0K −$1.24/SF
EGI
$66.6K $13.88/SF
− OpEx
−$30.0K −$6.25/SF
NOI
$36.6K $7.63/SF
Area
Sullivan County, NY
Vacancy
8.20%
Lease Rate
$15.12 /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%
$732,880
Cap Rate 7%
$523,486
Cap Rate 9%
$407,156
Alternative Uses
Best Use
Retail
$827.7K
$724.3K – $965.7K
NOI $57,940 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$523.5K
$458.1K – $610.7K
NOI $36,644 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,160 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 12747, NY
1,849
Population
1,036
Households
1.8
Avg Household Size
41
Median Age
32%
College-Educated
90%
High-School Grad
17.1 sq mi
ZIP Area
108
Density / Sq Mi
$61,875
Median Household Income
$35,459
Median Earnings
$929
Median Rent
$302,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-family building with storefront in Hurleyville, NY for sale.
Where is this apartment building located?
The property is located at 9 Mongaup Rd Hurleyville, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High Income Generating Property: Features 5 rentals (4 apartments and a storefront).; Prime Location: In the heart of Hurleyville, near Main Street, shops, dining, and the Hurleyville Arts Centre.; Strong Rental Demand: Upside potential for investors or owner operators.
