12 Church StGoshen, NY 10924

Property Details for 12 Church St

Year built

1940

Lot size

0.14 AC

Property size (Sq ft)

5,678 SF

Zone code

4011

Property type

Investment properties

Property subtype

Live-work space

APN

333001 108-7-10

APU

333001108710

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,410,503

  6.5%

  $1,302,003

  7%

  $1,209,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $746,874

  Geo Method

  $741,888

• Alternative Use

  Use

  Valuation

  Residential

  $1,614,484

  Hospitality

  $1,478,858

  Educational

  $1,230,393

  Medical

  $1,272,708

  Retail

  $1,913,944

Location Insight

City

Goshen

County

Orange

State

New York

Latitude

41.4025

Longitude

-74.3242

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].