5 W Main Street, Norwich-City, NY 13815

LATEST
bedrooms 10
|Other
THB ฿61,497,900
USD $1,800,000
Published on: 25 Feb 2025
Last updated on: 25 Feb 2025
5 W Main Street, Norwich-City, NY 13815
5 W Main Street, Norwich-City, NY 13815
5 W Main Street, Norwich-City, NY 13815
+38
5 W Main Street, Norwich-City, NY 13815
  • 38
Property ID: 110097629171
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Commercial - Norwich-City, NY

5 W Main Street, Norwich-City, NY 13815
A piece of the City without living in the City!  Completely renovated 5 story professional building with over 29000 sq ft with 15 rentals,CONSISTING OF 13 apartments including a luxury duplex penthouse suite  AND 2 commercial rentals,   All units have been fully rented for the past 15 years to present.A new Otis elevator services Bldgthe apartment are a mix of loft, studio, and 1-3 bedroom units.  The CAP rate is well over 8% and with future expansion the cap rate can be well over 13% The owner  bought a shell of a building in 2004 and designed the apartments and spaces with the potential for further development .All expenses and rent will be disclosed upon request.Please see the 360 links belowthe building was originally built as an opera house then it became the local post office, and then taken over by the masons in the early 1900"s.  In more recent times the building was owned by a local attorney until the current owner developed it into apartments and commercial spaceThiis is a turn key operation and is in mint condition.  All newer mechanicals : heating, electrical  Coin operated laundry on each floor, new roof & moreDramatic views of the Mohawk Valley!!

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
526.09 m2
Building Size
3,227.64 m2
Year Built
1878
Rooms
10 bedroom(s)
Architecture Style
Other
Num Floors
5
County
Chenango
Parcel ID
081100-136-560-0002-004-000-0000
Provider
New York State Alliance of MLSs, LLC
Brokerage Office Name
Berkshire Hathaway HomeServices CNY Realty
Brokerage Office Phone
(315) 218-1480
Address
5 W Main Street, Norwich-City, NY 13815
Contact Agent
Thalia Collis
Berkshire Hathaway CNY Realty
6883 E Genesee Street, Fayetteville, NY 13066
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Thalia Collis
6883 E Genesee Street, Fayetteville, NY 13066
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      Property ID: 110097629171

      Data provided by New York State Alliance of MLSs, LLC, MLS #: S1557092
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