Port Jervis, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Port Jervis, New York Market population: 9K. Browse multifamily, office, retail, industrial, and mixed-use...

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📊 Average Cap Rate For Port Jervis NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

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

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Port Jervis NY Properties: 2.9200%

⭐ 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

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Investor Questions For Port Jervis NY

Common questions from investors exploring commercial real estate in Port Jervis NY.

What's the overall investment potential of Port Jervis, NY, considering its demographics and economy? +

The city's median household income of $36,250, combined with a poverty rate of 20.3% and a high health insurance coverage rate of 92.7%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Public Administration and Educational Services, indicate a diverse economy, while the 24.5-minute average commute time and high rate of drove alone commutes suggest convenient transportation options.

How does the ethnic diversity and foreign-born population impact the local real estate market in Port Jervis? +

The city's ethnic diversity, with 40.6% White, 37.9% White Non-Hispanic, and 7.4% Hispanic populations, contributes to a vibrant community, while the relatively low foreign-born rate of 4.8% may indicate less demand for international-specific amenities. However, the presence of top industries like Information and Health Care & Social Assistance could attract a diverse workforce, supporting rental demand.

What are the key factors to consider when evaluating the quality of life for renters in Port Jervis, NY? +

The average commute time of 24.5 minutes, top commute methods like driving alone and carpooling, and a high health insurance coverage rate of 92.7% all contribute to a relatively high quality of life for renters. Additionally, the city's median property value of $174,600 and median property taxes of $1,676 suggest affordable housing options, making it an attractive location for renters.

How does the local economy, including top industries and employment rates, influence the real estate investment potential in Port Jervis? +

The city's top industries, including Public Administration, Information, and Educational Services, & Health Care & Social Assistance, provide a stable employment base, with 3,363 employed residents. The median household income of $36,250 and a poverty rate of 20.3% indicate a mix of working-class and more affluent residents, supporting demand for a range of housing types. The GINI coefficient of 0.45 suggests a relatively equal income distribution, which can contribute to a stable housing market.

What role do housing market factors, such as median property value and homeownership rate, play in determining the investment potential of Port Jervis, NY? +

The median property value of $174,600 and median property taxes of $1,676 in Port Jervis suggest relatively affordable housing options, which can attract renters and support rental yields. The homeownership rate of 50.3% indicates a balanced market, with opportunities for both rental and owner-occupied properties. The city's population of 8,774 and median age of 39.2 also suggest a stable demand for housing, supporting long-term investment potential.

Port Jervis NY Real Estate & City Facts

Key facts and real estate information about Port Jervis NY.

What are some of the best neighborhoods to live in Port Jervis? +

Some of the best neighborhoods to live in Port Jervis include the southeast parts of the city, which tend to be more desired, and the east regions, which offer more affordable homes. According to Nextdoor, the best neighborhood to live in Port Jervis is Fowler St, with an affordability score of 98. Other neighborhoods to consider are those near the Port Jervis Watershed Park and Recreation Area, which offer a mix of outdoor activities and community events.

What are some fun things to do in Port Jervis? +

There are plenty of fun things to do in Port Jervis, including visiting the Hawk's Nest Highway, a scenic drive with stunning views, and the Tri-States Rock, a unique monument that marks the border of three states. You can also explore the Port Jervis Watershed Park and Recreation Area, which offers hiking trails, picnic areas, and opportunities for fishing and boating. If you're looking for something more adventurous, check out the Erie Railroad Roundhouse or take a ride on the Tri-States Railway Preservation Society Boxcar Museum.

What is the food scene like in Port Jervis? +

The food scene in Port Jervis is a mix of traditional American cuisine and modern twists. Some popular restaurants include the Erie Hotel and Restaurant, which serves up classic American dishes, and the Fox N Hare Brewing Company, which offers a range of craft beers and pub fare. For a unique dining experience, try The Reserve, a speakeasy-style lounge in a restored 1900's bank, or Fogwood & Fig, a restaurant with a focus on seasonal ingredients and creative cuisine. There are also plenty of great food trucks and cafes to explore, offering everything from burgers to vegan options.

What are the pros and cons of living in Port Jervis? +

Living in Port Jervis has its pros and cons. On the plus side, the city has a strong sense of community, with many family-friendly events and activities throughout the year. The cost of living is also relatively low, making it an attractive option for those looking to relocate. However, the city has faced economic challenges in recent years, and some areas can feel a bit run down. Additionally, the job market may be limited in certain industries, and the city's rural location can make it difficult to access certain amenities and services. Overall, Port Jervis is a great option for those who value a close-knit community and a relaxed pace of life, but may not be the best fit for everyone.

Is Port Jervis a good place to live? +

Whether or not Port Jervis is a good place to live depends on your individual priorities and preferences. If you're looking for a tight-knit community, outdoor recreation opportunities, and a low cost of living, Port Jervis may be a great fit. However, if you're seeking a more urban lifestyle, a wide range of job opportunities, or access to certain amenities and services, you may want to consider other options. Ultimately, Port Jervis is a unique and charming city that offers a distinct quality of life, and is definitely worth considering for those who value its strengths and are willing to overlook its weaknesses.

Port Jervis, NY High Cap Rate Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Port Jervis NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Port Jervis NY Properties: 2.9200%

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

Investor Questions For Port Jervis NY

Port Jervis NY Real Estate & City Facts

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