Property profile

102 Clinton St 108 Montgomery, NY 12549

OFF-MARKET
Investment properties
Property ID
US63-3911786
4,564 SF 0.04 ac lot Built 1900
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property at 102 Clinton St, Unit 102, Montgomery, NY presents a compelling investment opportunity. The building, totaling 6,244 square feet on a 0.04-acre lot, boasts a prime location in the heart of the Village of Montgomery. The ground floor features two thriving commercial spaces currently occupied by a pizzeria and a restaurant, providing immediate income potential. These established businesses benefit from a vibrant community and high foot traffic. Above the commercial units, the building offers four spacious two-bedroom, one-bathroom residential apartments. While requiring complete renovation, these units represent significant potential for rental income generation once updated. The apartments retain the charm of historic architecture, offering a unique opportunity for restoration and modernization. The property's strategic location provides easy access to local shops, dining establishments, and public transportation, enhancing its appeal to both commercial tenants and residential occupants. This mixed-use building offers a rare chance to acquire a substantial property in a growing area with the potential for significant returns on investment. The asking price is $895,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 4,564 SF
Lot 0.04 ac (1,750 SF)
Zoning code B2
APN 334203 202-9-15
UPID US63-3911786

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

102 Clinton St, Unit 108 Montgomery, NY 12549-1102
Montgomery metro Census 10802 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$610k
Comparable Approach Comparable
$518k
Blend (final) Blend
$270k

Owner & transaction history

since 2019
1 recorded transaction
2019
$515,000

Zoning & alternative use

B2 · Montgomery, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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