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334 Main St 8 Unit Apartment Building $899,900 ($112,488/Unit) Middleburgh, NY 12122
Investment Highlights
- Prime Village Location: Situated in the heart of downtown Middleburgh with high visibility, foot traffic, and excellent curb appeal.
- Turnkey Main-Floor Restaurant: Ground floor features an established, fully operational restaurant business (included in sale) with over 20 years of co
- Significant Mixed-Use Scale: Prominent 3-story brick building offering 8,280 sq. ft. of versatile commercial and residential space.
- Convenient Off-Street Parking: Dedicated off-street parking for tenants and customers—a rare feature for Main Street village properties.
Executive Summary
Positioned in the heart of the Village of Middleburgh, this prominent 8,200 square foot, three-story brick mixed-use building is a rare opportunity to own a high-visibility Main Street investment with strong, rental income. The property features off-street parking and a well-maintained, landscaped exterior that enhances its curb appeal. The main level is home to a fully operational, turnkey restaurant with over 20 years of continuous service and a well-established presence in the community. The business is included in the sale. Upper levels provide 7 Residential Rental units, contributing to the property's solid financial performance. Current figures reflect approximately $109,800 in annual gross rental income, $39,400 in operating expenses, and a net operating income of $70,400, making this a compelling long-term investment. With its classic brick exterior, substantial square footage, and prime location in a charming, walkable village setting, this property offers exceptional versatility. The opportunity and potential here are endless.
Property Facts
| Price | $899,900 | Building Class | B |
| Price Per Unit | $112,488 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 8,280 SF |
| Sale Condition | Business Value Included | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C | ||
| Price | $899,900 |
| Price Per Unit | $112,488 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 8,280 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | C |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $3,525 | 2,186 |
| 1+1 | 7 | $5,625 | 6,094 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 433801-106-015-0004-017-000-0000 | Improvements Assessment | $126,500 |
| Land Assessment | $11,000 | Total Assessment | $137,500 |
Property Taxes
Parcel Number
433801-106-015-0004-017-000-0000
Land Assessment
$11,000
Improvements Assessment
$126,500
Total Assessment
$137,500
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