Gloversville, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Gloversville, New York Market population: 16K. Explore income-producing properties with verified cap rates and...

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📊 Average Cap Rate For Gloversville 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 Gloversville NY Properties: 2.1900%

⭐ 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 Gloversville NY

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

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

Gloversville's median household income of $34,328, combined with a poverty rate of 24.5% and a high health insurance coverage rate of 92.9%, suggests a relatively stable market with a working-class population. The city's top industries, including Public Administration and Finance & Insurance, also indicate a diverse economy, while the 17.4-minute average commute time and high rate of drove alone commutes suggest convenient transportation options.

How does the city's ethnic diversity and foreign-born population impact the real estate market? +

The city's top ethnicities, including White and White Non-Hispanic, and a relatively low foreign-born rate of 2.3%, indicate a predominantly local population. This, combined with a median property value of $77,300 and a homeownership rate of 49.1%, suggests a stable market with opportunities for rental properties, particularly given the city's diverse industries and relatively low commute times.

What are the key factors to consider when assessing the quality of life for renters in Gloversville, NY? +

The city's average commute time of 17.4 minutes, high health insurance coverage rate of 92.9%, and relatively low obesity rate of 31.4% all contribute to a decent quality of life for renters. Additionally, the top commute methods, including drove alone and carpooled, suggest convenient transportation options, while the city's median household income and poverty rate indicate a working-class population with some employment stability.

How does the local economy, including top industries and employment rates, impact the real estate market in Gloversville, NY? +

The city's top industries, including Public Administration and Finance & Insurance, and an employed population of 6,116, suggest a diverse economy with a range of job opportunities. This, combined with a median household income of $34,328 and a poverty rate of 24.5%, indicates a market with some stability and potential for growth, particularly given the city's relatively low commute times and high health insurance coverage rate.

What are the implications of the city's income inequality and poverty rate for real estate investors? +

The city's GINI coefficient of 0.442 and poverty rate of 24.5% suggest some income inequality, which may impact the affordability and stability of rental properties. However, the city's high health insurance coverage rate of 92.9% and relatively low commute times indicate some employment stability and access to healthcare, which could mitigate these risks and create opportunities for investors to provide affordable housing options.

Gloversville NY Real Estate & City Facts

Key facts and real estate information about Gloversville NY.

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

Some of the best neighborhoods to live in Gloversville include Washington St, which is known for its quiet and friendly community, and charming homes. Other neighborhoods like the ones near the historic rail corridor are also worth considering.

What are some fun things to do in Gloversville? +

There are plenty of fun things to do in Gloversville, such as visiting the Adirondack Animal Land, the Fulton County Historical Society and Museum, and the Micropolis Cooperative Art Gallery. You can also explore the downtown area and check out the local shops and restaurants.

What is the food scene like in Gloversville? +

The food scene in Gloversville is growing, with a variety of restaurants to choose from, such as Off the Rails Tavern, The Brass Monkey, and Harold's Restaurant. There are also plenty of great food trucks and cafes, like the Mohawk Harvest Cooperative Market, that offer a range of cuisines.

What are the pros and cons of living in Gloversville? +

The pros of living in Gloversville include its affordable housing, quiet community, and charming historic buildings. However, some cons include the limited job opportunities and higher crime rates compared to other cities. Overall, Gloversville is a great place to live for those who value a close-knit community and a relaxed pace of life.

Is Gloversville a good place to live? +

Gloversville can be a good place to live for those who are looking for a quiet and affordable community with a rich history. While it may have its challenges, the city has a lot to offer, from its beautiful parks and rail trail to its growing food scene and cultural attractions. Ultimately, whether or not Gloversville is a good place to live depends on your individual preferences and priorities.