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Property profile & analytics
FOR LEASE
Investment properties

12 N Church St Goshen, NY 10924

5,678 SF 0.14 ac lot Built 1940
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-1870767
Property summary
AI-generated overview

This exceptional mixed-use building is ideally situated in the heart of Goshen, NY. The property boasts a prime commercial space on the first floor, currently partially occupied by a thriving small grocery store, with additional vacant commercial space offering significant upside potential. The upper two floors provide two residential rental units, each presenting a strong rental income stream. Past tenants have included a diverse range of businesses, demonstrating the versatility and appeal of this location. The building's potential is undeniable, given its central location and the possibility of leasing the vacant commercial spaces. Projected annual rental income is substantial, with estimates of $1,800 per residential apartment and varying commercial rental rates ranging from $1,000 to $2,000 per unit. This translates to a significant return on investment. The property is offered at $799,000. Annual expenses, encompassing taxes, water, sewer, snow removal, and lawn maintenance, are approximately $28,000. This presents a compelling opportunity for an investor seeking a strong cash flow property in a desirable location. The building's history of successful occupancy across various business types underscores its adaptability and enduring appeal. The vacant spaces offer a blank canvas for a savvy investor to tailor the property to their vision and maximize its income potential. This is a rare opportunity to acquire a well-located, mixed-use property with immediate income generation and significant long-term growth prospects.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 5,678 SF
Lot 0.14 ac (6,142 SF)
Zoning code 4011
APN 333001 108-7-10
UPID US63-1870767
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
Current use
Occupant on record · Public records
  • Vigo Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
$760k
Comparable Approach Comparable
$579k
Blend (final) Blend
$685k
Owner & transaction history
Y&l Dev LLC · 2 yrs held
Y&l Dev LLC
since 2024
Last sale
$685,000
6 recorded transactions
2026
Price N/A
2024
Price N/A
2024
$685,000
2018
$70,000
2006
Price N/A
2006
$575,000
Zoning & alternative use
4011 · Goshen, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +54.5%
Auto repair, garage $950,000 +35.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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