Mixed-Use Property with Two
For Sale
$849,900
967 Little Britain Road, New Windsor, NY 12553
Apartments and commercial suites support retail, office, service, or live/work use.
Property Size3,848 SF
Days on Market49
Property Features for 967 Little Britain Road
General Information
Standard status
Active
Size
3,848 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
LC
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,523
Building Details
Building Size
3,848 SF
Year Built
1770
Buildings
2
Units
5
Tenancy
Multi
Listing Agency:
eXp Realty
(845) 803-6897
Listed By:
Rana Ali
(845) 803-6897
Source:
Cornerstonemyhome
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 10:21AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1770, the property includes two buildings configured with two residential apartments and three commercial units. The commercial spaces can accommodate retail, office, or service-based businesses, while the residential component supports an owner-occupied live/work arrangement. Recent improvements include insulated garage doors, 200-amp electrical service serving both the main building and detached garage, and half baths added in the basement and garage office area.
Located at 967 Little Britain Road in New Windsor, the property has two parking lots with capacity for 15 vehicles each. LC zoning is identified for the site.
Located at 967 Little Britain Road in New Windsor, the property has two parking lots with capacity for 15 vehicles each. LC zoning is identified for the site.
Key Highlights
- Two buildings with two residential rental units and three commercial units
- Built in 1770
- Commercial units support retail, office, or service‑based businesses
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
$71,979
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
8.47%
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%
$1,439,580
$1.4M
Cap Rate 7%
$1,028,271
$1.0M
Cap Rate 9%
$799,767
$799.8K
Market Conditions
NOI Build-Up for 3,848 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
$135.8K $35.28/SF
− Vacancy
−$4.9K −$1.27/SF
EGI
$130.9K $34.01/SF
− OpEx
−$58.9K −$15.30/SF
NOI
$72.0K $18.71/SF
Area
Orange County, NY
Vacancy
3.60%
Lease Rate
$35.28 /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%
$1,439,580
Cap Rate 7%
$1,028,271
Cap Rate 9%
$799,767
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$899.7K – $1.20M
NOI $71,979 @ 7.0% cap · market cap 8.47%
Second Best
Office B
$919.8K
$804.9K – $1.07M
NOI $64,388 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,229 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 12553, NY
26,728
Population
11,150
Households
2.4
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
24.2 sq mi
ZIP Area
1,104
Density / Sq Mi
$94,207
Median Household Income
$50,749
Median Earnings
$1,612
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Apartments and commercial suites support retail, office, service, or live/work use.
Where is this mixed-use property located?
The property is located at 967 Little Britain Road New Windsor, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two buildings with two residential rental units and three commercial units; Built in 1770; Commercial units support retail, office, or service‑based businesses
