1 John St, Millerton, NY 12546
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.