7-11 Church Street, Gloversville, NY 12078 | MLS #202526333 | HUNT Real Estate
 
  • 280 days on site
  • 6 views

Well-maintained executive office building offering seven professional suites and solid reliable income. The property has been consistently cared for and presents a clean, professional image ideal for long-term tenancy. Currently producing steady cash flow, this asset also offers clear upside potential. Rents are below market, creating an opportunity to increase net operating income over time through strategic rent adjustments. Located in the City of Gloversville, New York, the building benefits from a highly convenient setting with a city parking lot directly adjoining the property---an attractive feature for tenants and clients alike. Ownership structure presents a unique opportunity one professional owner will retain 25% interest, while the remaining 75% ownership interest is being offered for sale. This allows an investor to step into a majority position in a stabilized income-producing property with growth potential. A strong addition to any commercial portfolio---stable today, with room to grow tomorrow.

Source: Global MLS, MLS#: 202526333

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  • Property Type
    Commercial Sale
  • Lot
    0.11 acres

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  • Median Age
    44
  • Population Density
    205
  • College Educated
    29%
  • Estimated Median Income
    $44,144
  • Estimated Total Home Owners
    6,019
  • Estimated Total Renters
    3,771
  • Owner / Renter Divide
    61% / 39%
  • Estimated Average Household Size
    2
  • Total Population
    22,956
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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