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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    59 Main St New Paltz, NY 12561-1520

    • Investment properties
    • 3,360 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3740742
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Main Street Bistro / American Restaurant / Breakfast Restaurant
    • Top Vegan / Restaurant

    Property Details for 59 Main St

    Year built
    1967
    Lot size
    0.14 lot acres
    Property size
    3,360 SF
    Zone code
    B2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    513801 86.143-1-7
    APU
    5138018614317

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $463,000
      Market price range: $304k - $859k
      AI Estimate
      $370,000
      Market price range: $281k - $632k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $455,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Paltz
    County
    Ulster
    State
    New York
    Longitude
    -74.0863
    Latitude
    41.748
    CBSA code
    28740
    CBSA name
    KINGSTON, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $38,500
    $293,300
    $331,800
    -
    $58,333
    $444,394
    $502,727

    Comparable in this City

    • Value Estimation
      $380,000
      1,372 SF

      57 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,372 SF
      57 Chestnut St, New Paltz, NY 12561-1406
      View Details
    • Value Estimation
      $375,000
      9,012 SF

      54-58 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,012 SF
      54-58 Main St, New Paltz, NY 12561
      View Details
    • Value Estimation
      $1,470,000
      4,010 SF

      127 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,010 SF
      127 Main St, New Paltz, NY 12561-1526
      View Details
    • Value Estimation
      $805,000
      3,708 SF

      52 Manheim Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,708 SF
      52 Manheim Blvd, New Paltz, NY 12561-2406
      View Details
    • Value Estimation
      $315,000
      1,765 SF

      15 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,765 SF
      15 Frnt St, New Paltz, NY 12561-1411
      View Details
    • Value Estimation
      $400,000
      3,933 SF

      6 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,933 SF
      6 Frnt St, New Paltz, NY 12561-1518
      View Details

    Similar Nearby for Sale

    • $720,000
      1,990 SF

      Turn-Key Mixed-Use New Paltz

      Commercial and residential property in the heart of New Paltz.
      46 N Chestnut St, New Paltz, NY 12561
      View Details
    • $3,640,000

      Iconic Mixed-Use Property in New Paltz

      Prime mixed-use property with river frontage and development potential.
      1 Water St, New Paltz, NY 12561
      View Details
    • $3,640,000
      4,260 SF

      Iconic Mixed-Use Property in New Paltz

      Mixed-use property with river frontage, development potential, and high visibility.
      1-3 Water St, New Paltz, NY 12561
      View Details
    • $495,000
      Pending

      Turnkey Investment Triplex in New Paltz

      Income-generating 3-family property in New Paltz on 2.1 acres.
      232 State Route 32 S, New Paltz, NY 12561
      View Details
    • $875,000

      New Paltz Specialty Property

      Specialty property available for sale in New Paltz, NY.
      38 Plattekill Ave, New Paltz, NY 12561
      View Details
    • $2,300,000
      2.11 Acres

      New Paltz Corner Development Site

      2.11 Acres, Prime Location, $2.3M
      500 Main St, New Paltz, NY 12561
      View Details

    Similar Nearby for Lease

    • $6,750 /Mo
      2,891 SF

      Versatile Office Space in New Paltz

      Flexible office space for lease in a prime New Paltz location.
      243 Main St, New Paltz, NY 12561
      View Details
    • $22 SF/Yr
      63,280 SF

      Zero Place Retail Space, New Paltz

      Class A Retail, 2,020 SF Available
      87 Chestnut St, New Paltz, NY 12561
      View Details
    • Contact for pricing
      26,000 SF

      83 South Putt Corners Rd: Versatile Space

      New Paltz industrial space, flexible layouts.
      83 Putt Corners Rd, New Paltz, NY 12561
      View Details
    • $22 SF/Yr
      Pending

      New Paltz Retail Space Available

      Brand new retail space in New Paltz, ready for buildout.
      87 N Chestnut St, New Paltz, NY 12561
      View Details
    • Contact for pricing
      3,240 SF

      Retail Space in New Paltz

      Retail space for lease in a 146,235 SF shopping center.
      271 Main St, New Paltz, NY 12561
      View Details
    • $16 SF/Yr
      24,000 SF

      Active Strip Center Retail Space

      Prime retail, restaurant, and office spaces in thriving New Paltz.
      246 Main St, New Paltz, NY 12561
      View Details
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    59 Main St
    New Paltz, NY 12561-1520
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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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