Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use 8-Unit Income Property Title is generated by Realmo AI

    94-98 S Main Street, Castleton on Hudson, NY 12033

    View on Map
    Claim this Listing
    New
    For Sale
    $695,000

    Eight-unit property with three commercial storefronts and five apartments, supported by separate utilities.

    Type:Commercial
    Property size:
    7,500 SF
    Price / SF:
    $92/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 3 at 1:03 pm

    Property Features for 94-98 S Main Street

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    AMANDA L HART
    AMANDA L HART

    Listing agent AMANDA L HART

    Listing office MIRANDA REAL ESTATE GROUP INC

    Listing date Jun 1, 2026

    Source Corcoran

    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 MIRANDA REAL ESTATE GROUP INC

    HighLights

    • 8‑unit mixed‑use property with 3 commercial spaces and 5 residential apartments
    • Over $7,000/month gross rental income when fully rented; only two units are currently vacant
    • Separate utilities: tenants pay heat, hot water, electric, and cable
    • Landlord pays water, sewer, and trash collection
    • Residential units feature spacious floor plans, hardwood flooring, and tiled bathrooms
    • Residential units include Hudson River views

    Overview

    This well-maintained mixed-use property contains 8 units total, made up of 3 commercial spaces and 5 residential apartments. The residential units are described as having spacious floor plans with hardwood flooring and tiled bathrooms, and the remarks note Hudson River views. The property also benefits from a separate-utilities setup, with tenants responsible for their own heat, hot water, electric, and cable, while the landlord’s expenses are limited to water, sewer, and trash collection.

    The asset is located on S Main Street in Castleton-on-Hudson, with convenient access to area amenities. The property is described as about 10 minutes from East Greenbush’s shopping, restaurants, and everyday conveniences, and roughly 15 minutes from Downtown Albany.

    From an ownership perspective, the current configuration offers a straightforward income and leasing pathway. The remarks state that when fully rented, the property generates over $7,000 per month in gross rental income, and that currently only two units are vacant. This mix can support tenants seeking both residential living and storefront space under one roof, while the tenant-billed utility structure is designed to keep operating costs comparatively contained.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Building Supply Auto Repair Shop Skin Care Clinic Daycare Center HVAC Service Electronics & Wireless Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castleton on Hudson
    County
    Rensselaer
    State
    New York
    Longitude
    -73.757628
    Latitude
    42.52893

    Nearby Similar for Sale

    • $379,000
      4,120 SF

      Mixed-Use Property with Restaurant Potential

      Mixed-use property with apartments, cottage, and restaurant potential.
      1620 Columbia Turnpike, Castleton-on-Hudson, NY 12023
      View Details
    • $695,000
      7,500 SF

      Mixed-Use Eight-Unit Property

      8-unit mixed-use building with three commercial spaces and five apartments, with separate utilities for tenant cost control.
      94-98 S Main Street, Castleton-on-Hudson, NY 12033
      View Details
    • $1,299,000
      7,608 SF

      Rented Multifamily Property on Acreage

      Ten-unit multifamily property with recent renovations and income potential.
      1300 S Schodack Road, Castleton On Hudson, NY 12033
      View Details
    • $389,000
      2,247 SF

      Two-Family Home with River Views

      Newly built two-family property with Hudson River views.
      28-30 1st Street, Castleton On Hudson, NY 12033
      View Details
    • $225,000
      6,000 SF

      Castleton Tavern/Restaurant with Apartment Potential

      Equipped tavern/restaurant with apartment potential in Castleton On Hudson.
      100 S Main Street, Castleton On Hudson, NY 12033
      View Details
    • $799,000
      3,702 SF

      Retail Building on Large Land

      Retail building on 6.41 acres at Routes 9 and 20.
      1836 Columbia Turnpike, Schodack, NY 12033
      View Details
    • $379,000
      4,120 SF

      Mixed-Use Property with Restaurant Potential

      Mixed-use property featuring apartments, cottage, and restaurant space.
      1620 Columbia Turnpike, Castleton-on-Hudson, NY 12023
      View Details
    • $724,999
      6,200 SF

      Schodack Office Space For Sale

      Office space with meeting room, kitchen, and ample parking.
      1670 Columbia Turnpike, Schodack, NY 12033
      View Details
    • $724,999

      Office Space Near I-90 Exit

      Office space with meeting room, remodeled kitchen, and ample parking.
      1670 Columbia Tpke, Castleton-on-Hudson, NY, 12033-9513
      View Details
    • $245,000
      6,000 SF

      Castleton-on-Hudson Tavern/Restaurant For Sale

      Tavern/restaurant with apartment potential in Castleton-on-Hudson, NY.
      100 S Main Street, Castleton-on-Hudson, NY 12033
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit property with three commercial storefronts and five apartments, supported by separate utilities.
    Where is this apartment building located?
    The property is located at 94-98 S Main Street Castleton on Hudson, NY.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 8‑unit mixed‑use property with 3 commercial spaces and 5 residential apartments; Over $7,000/month gross rental income when fully rented; only two units are currently vacant; Separate utilities: tenants pay heat, hot water, electric, and cable
    (518) 348-2060
    We can help!
    Listing Contact
    AMANDA L HART
    AMANDA L HART
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    94-98 S Main Street, Castleton-on-Hudson, NY 12033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!