15
Map
1051 Back River Road
About This Property
Some investments ask you to imagine the upside. This one already has a line out the door.
The storefront - once the Delancey General Store - has been reborn as a cafe that's already built a loyal following, and it's easy to see why. Big six-panel windows pull in warm western light all afternoon, the white-railed porch is made for slow mornings with something hot in hand, and the whole space has that rare mix of polish and warmth that can't be faked. This isn't a concept. It's operating, it's loved, and it's already producing cashflow.
Walk through to the back half of the building and you're looking at raw upside. A great room framed by original square-post stair railings gives the space real bones and real character. The kitchen is framed in and staged for install - appliances included - steps from a back door that opens onto a small private deck. Add a full bath and dining room on the main floor, then head upstairs to four fully renovated bedrooms and a full bath, all new sheetrock, wiring, lighting, and windows. Sold as-is (heating and hot water not installed), priced accordingly, and ready for someone who wants to finish the story on their own terms. OR packaged as a finished gem for $400,000. Your choice.
Outside: a level lot and a "baby barn" carriage house for storage, studio space, or whatever comes next.
This is village life without the compromise - Delhi schools, a short drive to Hamden, Andes, and Delhi, and a hamlet that's proving it can support exactly the kind of business you're picturing. Nice easy full-time living, a great easy weekend retreat, or rentable apartment that can really improve your cashflow. This could be a dream income property with the cafe downstairs with its built-in customer base, plus the apartment -- you're not betting on potential. You're buying proof of concept.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2026 | Listed by Keller Williams Upstate NY Properties | $320,000 | |
| Listed by Keller Williams Upstate NY Properties | |||
| Mar 28, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | In contract | - | |
| In contract | |||
| Jan 4, 2024 | Listed by Coldwell Banker Timberland Properties | $125,000 | |
| Listed by Coldwell Banker Timberland Properties | |||
| | |||
|
Investment opportunities! This 4-bedroom home is waiting for your renovations. Large Living room, Foyer and Kitchen. Laundry on main floor, 4 bedrooms on second floor with full bath. Nice level lot with baby barn carriage house. Located in the hamlet of Delancey, Delhi Schools.
| |||
| Mar 13, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017