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2-6 Old Firehouse Rd - Government-backed income property 2,350 SF Specialty Building Offered at $675,000 at a 7.60% Cap Rate in Plattekill, NY 12568
Investment Highlights
- Government-backed USPS property leased for over 30 years by same owner.
- Minimal management required
- Minimal maintenance required
Executive Summary
Government-backed tenant (USPS) who pays $16,800 per year. Cap rate will increase in 2027 when new five-year lease for $20,400 per year begins in late 2027. USPS pays for all utilities, lawn maintenance, and snow removal. Upgrades include new siding and windows in 2014. New flooring in 2022. New electrical panel, roof, and Generac generator in 2025. Property is low management and needs no current upgrades.
Residential income forecasted to return an estimated $30,000 per year. 1750 square feet residence is currently owner occupied. Owner may be willing to consider leasing for the first year after purchase. Many upgrades to the residential property and currently move-in ready. New roof and siding in 2013.
Corner lot of property includes a sign rented for $900 per year by separate business.
Operating expenses are based on mortgage, business policy, and homeowner policy.
Residential income forecasted to return an estimated $30,000 per year. 1750 square feet residence is currently owner occupied. Owner may be willing to consider leasing for the first year after purchase. Many upgrades to the residential property and currently move-in ready. New roof and siding in 2013.
Corner lot of property includes a sign rented for $900 per year by separate business.
Operating expenses are based on mortgage, business policy, and homeowner policy.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $675,000 | Property Subtype | Post Office |
| Price Per SF | $287.23 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 7.60% | Building Size | 2,350 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1938/2014 |
| Zoning | BD40 - USPS property is 2 Old Firehouse Rd Residential property is 6 Old Firehouse Rd | ||
| Price | $675,000 |
| Price Per SF | $287.23 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 2,350 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1938/2014 |
| Zoning | BD40 - USPS property is 2 Old Firehouse Rd Residential property is 6 Old Firehouse Rd |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 4200-107.008-0001-011.000-0000 | Total Assessment | $230,700 (2024) |
| Land Assessment | $41,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $189,200 (2024) | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
4200-107.008-0001-011.000-0000
Land Assessment
$41,500 (2024)
Improvements Assessment
$189,200 (2024)
Total Assessment
$230,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
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Presented by
Vince Javinett
2-6 Old Firehouse Rd - Government-backed income property
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