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    180 Broadway Port Ewen, NY 12466

    • Retail properties
    • 24,850 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 180 Broadway

    Year built
    1900
    Property size
    24,850 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional mixed-use property in Port Ewen, NY, presents a compelling investment opportunity. Located on a prominent corner lot at 180 Broadway (US Route 9W), this property boasts nearly 300 feet of frontage, ensuring high visibility and significant daily traffic. The 24,850 square foot complex sits on approximately one acre of BC-zoned land (Broadway Commercial District) and comprises five contiguous lots (SBL: 56.59-6-13, 14, 15, 16, & 17). The diverse portfolio includes seventeen units: ten residential apartments and seven ground-floor retail spaces. The residential component is comprised of a three-family home with a detached garage and an upper apartment, and a separate two-family home with its own detached garage. A substantial 21,000 square foot mixed-use building houses the remaining four apartments, seven retail spaces, and an office, offering potential for further expansion. Built in 1900, this property is being sold as-is and is conveniently located approximately 90 minutes from New York City and an hour south of Albany. The asking price is $1,495,000. This presents a rare chance to acquire a significant mixed-use asset in a desirable location with high growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Ewen
    County
    Ulster
    State
    New York
    Longitude
    -73.9767
    Latitude
    41.9063

    Comparable in this City

    • Value Estimation by Request
      1,610 SF

      90 Old Us Rte

      Restaurants • 1,610 SF
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    • Value Estimation
      $425,000
      1,120 SF

      244 Salem St

      MOBILE HOME PARK, TRAILER PARK • 1,120 SF
      244 Salem St, Port Ewen, NY 12466
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    • Value Estimation
      $550,000
      1,610 SF

      90 Old Rte 9w

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,610 SF
      90 Old Rte 9w, Port Ewen, NY 12466-5702
      View Details
    • Value Estimation
      $270,000
      0.01 Acres

      18 Frst Dr

      MOBILE HOME PARK, TRAILER PARK • 0.01 Acres
      18 Frst Dr, Port Ewen, NY 12466-7715
      View Details
    • Value Estimation
      $790,000
      2,800 SF

      295 Broadway

      RESTAURANT • 2,800 SF
      295 Broadway, Port Ewen, NY 12466-5500
      View Details
    • Value Estimation
      $350,000
      2,900 SF

      185 Broadway

      FINANCIAL BUILDING • 2,900 SF
      185 Broadway, Port Ewen, NY 12466-7719
      View Details

    Similar Nearby for Sale

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      Port Ewen Restaurant - $749K

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      Commercial Storefront and Residential Income

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      Port Ewen Two-Family Residence

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    • $5,000,000
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      Hudson Riverfront Development Opportunity

      5.6-acre waterfront property with industrial warehouse and office building.
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    • $139,000
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      Land in Port Ewen, NY

      Land for sale in the heart of Port Ewen.
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    180 Broadway
    Port Ewen, NY 12466
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    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
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