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473 N Goodman St 6,438 SF 80% Leased Retail Building Rochester, NY 14609 $325,000 ($50.48/SF) 6.17% Cap Rate
Investment Highlights
- Prime Location Near The Public Market
- Diversified Income Streams
- Busy Location with Great Visibility & Foot Traffic
Executive Summary
Another Rockin' Rochester Property! Walk to the Rochester Public Market! Mixed-use building featuring 2 streetlevel retail spaces (one vacant and one rented for $900) and 3 apartments. Each retail space has a separate basement for storage. A great place to set up your new shop! Prime location on a busy street with high visibility and steady foot traffic—ideal for both investors and business owners. Seller may consider finance with 50% down, 8% interest, 30 year term, balloon in 5 years.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,800
|
$8.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,800
|
$8.20
|
| Taxes |
$7,950
|
$1.23
|
| Operating Expenses |
$24,799
|
$3.85
|
| Total Expenses |
$32,749
|
$5.09
|
| Net Operating Income |
$20,051
|
$3.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $8.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $8.20 |
| Taxes | |
|---|---|
| Annual | $7,950 |
| Annual Per SF | $1.23 |
| Operating Expenses | |
|---|---|
| Annual | $24,799 |
| Annual Per SF | $3.85 |
| Total Expenses | |
|---|---|
| Annual | $32,749 |
| Annual Per SF | $5.09 |
| Net Operating Income | |
|---|---|
| Annual | $20,051 |
| Annual Per SF | $3.11 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,438 SF
Building Class
C
Year Built
1915
Price
$325,000
Price Per SF
$50.48
Cap Rate
6.17%
NOI
$20,051
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
Public Market Village - Public Market Village is a diverse neighborhood consisting of residential, commercial, and wholesale uses of varied building sizes.
Parking
6 Spaces (0.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 261400-106-760-0001-007-000-0000 | Total Assessment | $139,300 |
| Land Assessment | $10,000 | Annual Taxes | $7,950 ($1.23/SF) |
| Improvements Assessment | $129,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
261400-106-760-0001-007-000-0000
Land Assessment
$10,000
Improvements Assessment
$129,300
Total Assessment
$139,300
Annual Taxes
$7,950 ($1.23/SF)
Tax Year
2025
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