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Ogdensburg, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Ogdensburg, New York Market population: 11K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Ogdensburg NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Ogdensburg NY Properties: 4.3450%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Ogdensburg NY

Common questions from investors exploring commercial real estate in Ogdensburg NY.

What's the overall investment potential of Ogdensburg, NY, considering its demographics and economy? +
Ogdensburg's median household income of $35,906, combined with a poverty rate of 20.6% and a high health insurance coverage of 94.6%, suggests a stable market with a mix of working-class and professional residents, driven by top industries like Public Administration and Finance & Insurance, which can support rental demand.
How does the city's ethnic diversity and commute time impact the real estate market? +
The city's diverse population, with top ethnicities including White and White Non-Hispanic, and a relatively short average commute time of 14.4 minutes, indicates a desirable quality of life, which can attract tenants and support property values, especially in areas with easy access to Public Administration and Professional, Scientific, & Management job centers.
What are the implications of Ogdensburg's income inequality and employment rate for real estate investors? +
The city's GINI coefficient of 0.501, indicating moderate income inequality, and an employed population of 4,200, suggest that investors should focus on affordable housing options, catering to the working-class population, while also considering the potential for appreciation in areas with growing professional and administrative job markets.
How do the city's homeownership rate and property taxes influence the rental market? +
Ogdensburg's homeownership rate of 63.3% and relatively low median property taxes of $2,661, imply a relatively stable rental market, with opportunities for investors to capitalize on the demand for affordable housing, particularly in areas with high health insurance coverage and low commute times, which can attract long-term tenants.
What role do the top industries and health insurance coverage play in assessing market stability? +
The presence of stable industries like Public Administration and Finance & Insurance, combined with a high health insurance coverage rate of 94.6%, suggests a market with a strong foundation, where tenants are more likely to have stable employment and healthcare, reducing the risk of investment and increasing the potential for long-term returns, especially in a city with a relatively low average commute time and diverse population.

Ogdensburg NY Real Estate & City Facts

Key facts and real estate information about Ogdensburg NY.

What are some of the best neighborhoods to live in Ogdensburg? +
Some of the best neighborhoods to live in Ogdensburg include the central parts of the city, while more affordable homes are in the southeast regions. According to AreaVibes, the best places to live in Ogdensburg have a population of 10,559 and a rating of 67. Prescott, ON, is also a desirable area with a population of 4,630 and a rating of 76.
What are some fun things to do in Ogdensburg? +
There are plenty of fun things to do in Ogdensburg, such as visiting the Frederic Remington Art Museum, walking or biking the Maple City Trail, and exploring the Waterfront Culture & History. You can also visit the Ogdensburg-Prescott International Bridge, Eel Weir State Park, and Fort La. For outdoor enthusiasts, there are plenty of opportunities for hiking, fishing, and boating in the surrounding areas.
What is the food scene like in Ogdensburg? +
The food scene in Ogdensburg is diverse and offers a range of options. You can find restaurants along the St. Lawrence River that serve spectacular food with breathtaking views. Some popular restaurants include Little Italy Pizzeria, Smuggler's Cafe, Renegadz Restaurant & Bar Lounge, and The Place, an Irish restaurant. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Ogdensburg? +
The pros of living in Ogdensburg include its beautiful waterfront location, rich history and culture, and outdoor recreational opportunities. However, the cons include a struggling economy, with a high poverty rate and limited job opportunities. The city is also located in a remote area, which can make it difficult to access certain amenities and services. Overall, Ogdensburg is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Ogdensburg a good place to live? +
Ogdensburg can be a good place to live for those who value a small-town atmosphere and a strong sense of community. The city has a lot to offer, including a rich history, beautiful waterfront views, and outdoor recreational opportunities. However, it may not be the best fit for everyone, particularly those who are looking for a more urban lifestyle or better job opportunities. Ultimately, whether or not Ogdensburg is a good place to live depends on your individual priorities and preferences.
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