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    OFF-MARKET
    Commercial real estate

    1 John St, Millerton, NY 12546

    0.33 ac lot Built 1851
    Property ID
    Property summary
    AI-generated overview

    This meticulously renovated four-story office building at 1 John Street, Millerton, NY, presents a compelling investment opportunity. The property boasts 4940 square feet of commercially zoned space, currently enjoying full occupancy with a strong rent roll reflecting excellent financials. The building's 14 offices are spread across four floors, creating a vibrant mix of tenants including quiet offices, service providers, and artists. The building itself is in excellent condition, having been well-maintained by the current owners. This includes the offices, common areas, and mechanical systems, ensuring a comfortable and efficient workspace for all tenants. The property also features low-maintenance landscaping and ample parking, adding to its appeal. The 0.33-acre lot provides convenient access and ample space. Long-term tenants contribute to the stability and predictability of the income stream, making this a low-risk, high-reward investment for discerning buyers. The building's strong financial performance, coupled with its desirable location and well-maintained condition, positions it as an exceptional addition to any investment portfolio. This is a rare opportunity to acquire a fully occupied, income-producing commercial property in a thriving community.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1851
    Lot 0.33 ac (14,375 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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