Paul Miscione - Commercial Real Estate Showcase

Paul Miscione Property Listings
Surreal Realty, LLC
105 N Prospect St
Herkimer, NY 13350
(315) 868-2996

122 W Albany Street

Herkimer, NY 13350 - Herkimer County Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1904
Building Size:8,807 SF Land Area:.14 AC (6,098 SF)
For Sale Price:$329,000 Price/SF:$37.36
Cap Rate:14.00 %
Parking:Free Surface spaces are available; Ratio of 1.16/1,000 SF
Features:Air Conditioning, Restaurant, Signage, Center Mixed Use

There are eight 1 bedreoom apts onthe 2nd and 3rd floors. Rent range is between $450 and $550 per month. Excellent rental history.

Sale Notes:
The building everyone was waiting for,30 year owner retiring. Great visibility from Route5 18,000 cars a day. Fully rented This building produces a 14% cap and a 15% IRR. Brick building with new roof and many updates. With 2 great local restaurants down stairs and 8 apartments upstairs this building is a great mix use investment.

Surreal Realty, LLC
Paul Miscione
(315) 868-2996

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