148-150 Castle St
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148-150 Castle St
6,405 SF 100% Leased Retail Building Geneva, NY 14456 $599,900 ($94/SF) 8.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Off street public parking
- High traffic area
EXECUTIVE SUMMARY
Discover The Dilman, a historic gem in downtown Geneva in the heart of the Finger Lakes. This freshly refurbished building offers eight stylish apartments—six spacious one-bedroom units and two cozy studios—plus two attractive commercial storefronts, perfect for businesses seeking prime exposure. Tenants pay their own utilities, and enjoy the convenience of off-street parking, along with a coin-operated laundry facility on site. Located in vibrant Geneva, The Dilman provides easy access to the area’s unique charm, dining, and entertainment. This property is an ideal opportunity for investors looking for cash flow in a growing community. All Appliances are as is. Please call for financials.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,405 SF
Building Class
C
Year Built
1910
Price
$599,900
Price Per SF
$94
Cap Rate
8.31%
NOI
$49,870
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.10
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
B-2 - Business District
Frontage
39 FT on Castle Street
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 320500-104-042-0002-061-000-0000 | Total Assessment | $151,100 |
| Land Assessment | $31,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $120,100 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
320500-104-042-0002-061-000-0000
Land Assessment
$31,000
Improvements Assessment
$120,100
Total Assessment
$151,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Presented by
Steve Davoli Real Estate
148-150 Castle St
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