Active
70 Market Street, Oneonta NY 13820
MLS# R1684444
$2,800,000
Price
-
Beds
-
Baths
19,160
Living Area (Sq.Ft.)
0.94
Lot Area (Acres)
$2,800,000
Price
-
Beds
-
Baths
19,160
Living Area (Sq.Ft.)
0.94
Lot Area (Acres)
Neahwa Park Apartments at 70 Market Street offers a rare blend of history, stability, and optionality in the vibrant City of Oneonta. This well-located, fully compliant, 24-unit building generates strong cash flow, with a clear path to materially higher income. The property currently produces revenue of approximately $29,546 per month — expected to be roughly $354,552 annually. Whether your strategy is a long-term hold, a refinance, a student-housing or hybrid conversion, a blend of short term rental and long term, or eventual redevelopment, the fundamentals are already in place. Originally built as a freight warehouse for the Delaware & Hudson (D&H) Railroad, the iconic brick building was converted to residential use in the 1990s. The building includes 63-bedrooms, 19,160 square feet, set on 0.95 acres across two adjacent parcels (with room to add wing to the structure). Another adjacent mixed use property available for sale offers development options. The conservative long-term-rental pro forma still pencils to $224,735 of NOI and an 8.03% cap rate. Ownership refined this property over two decades, and the sale conveys an established operating platform: TurboTenant property-management software, assigned and guest parking behind a fenced perimeter, and a communal Speed Queen laundry. A new fire-alarm system with two outdoor pull stations report directly to dispatch (2025), a flat roof roughly three years old, a four-year-old concrete deck, new lower-level windows, and a multi-camera system. About 80% of in-unit appliances — hot-water tanks, ovens, refrigerators, and dishwashers — have been replaced within the last one to three years. Update to date Certificate of Substantial Compliance for all 24 units and an active City short-term-rental permit. Located in a designated Opportunity Zone (OZ 2.0). Walkable to SUNY Oneonta and Hartwick College, A.O. Fox Hospital, Main Street's shops and restaurants, the Foothills Performing Arts Center, and OPT bus lines — and it sits directly beside Neahwa Park and its ballfields, with quick access to Interstate 88. Short drive to Allstar Village baseball park for excellent short term rental options.
Status
Active
Property Type
CommercialSale
Property Sub Type
Business
Year Built
1988
Parcel Number
300.6-2-30.1
Unit Number
--
Lot Features
Irregular Lot
Lot Size Dimensions
274X115
Stories
3
Property Condition
Resale
Elementary School District
Oneonta
Middle Or Junior School District
Oneonta
High School District
Oneonta
Location
Listing Agent
Benjamin Holscher
Listing Office
The Holscher Group
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Aerial,Deed,Lease
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-10
Fire Places Total
0
Cooling Features
SeparateMeters
Heating
true
Heating Features
Electric, Separate Meters, Baseboard
Security Features
FireSprinklerSystem
Garage
--
Garage Spaces
--
Sewer
PublicSewer
Roof
Asphalt, Membrane, Rubber
Utilities
Sewer Connected
Parking Total
30
Parking Features
Common, Fenced, On Site, Surfaced
Construction Materials
Brick
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.