Financial
Distress signals
Property profile

198 Main St Salem, NY 12865

FOR SALE
Other investment properties
Property ID
US63-5452924
4,520 SF 0.15 ac lot Built 1900
Last sale Sep 2020 · $117,500
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use building in the Salem village area contains four residential apartments above two first-floor commercial spaces. The residential portion includes one 2-bedroom unit and three 1-bedroom units (one on the main floor of the residential level and two on the third floor), with separate electric heating for the apartments. The building has been subject to capital improvements including electrical updates, window replacements, and roof replacements on both the main and lower sections.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$120k
Assessed land$9k
Assessed improvement$111k

Value estimate

· Sep 2026
$130k
$117k – $143k
AI approach$140k
NOI build-up
Gross scheduled income$81k
Vacancy & credit loss−$8k
Operating expenses−$27k
NOI · 18.32% cap applied$46k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
County average, outlier-cleaned · 106 recorded sales of this use type
Observed band · Q1–Q3$29 – $76
Qualifying comparables5

Cap rate analysis

How does the asset earn?
18.32%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand index
Plumbing Service8.7
Tailor Shop8.7
Realty agency8.5

Location

198 Main St Salem, NY 12865
County assessor Recorded deeds · not on file 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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