3582-3586 NY-32
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3582-3586 NY-32
6 Unit Apartment Building $1,195,000 ($199,167/Unit) 6.60% Cap Rate Saugerties, NY 12477
Investment Highlights
- Easy to rent
- Ample parking
- 8 minutes to Rt 87 and shopping
- Several units are still below market rent leaving new owner with upside
- Possibility in adding density, would need to be approved by town
- Saugerties continue to grow adding to a healthy rental market
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $199,167 | Lot Size | 4.94 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 6.60% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,195,000 |
| Price Per Unit | $199,167 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 4.94 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 2.5/1,000 SF |
Unit Amenities
- Air Conditioning
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 1,000 - 1,100 |
| 3+1 | 1 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 4889-008.004-0001-005.000-0000 | Improvements Assessment | $422,000 |
| Land Assessment | $113,500 | Total Assessment | $535,500 |
PROPERTY TAXES
Parcel Number
4889-008.004-0001-005.000-0000
Land Assessment
$113,500
Improvements Assessment
$422,000
Total Assessment
$535,500
zoning
| Zoning Code | 02 |
| 02 |
Contact
-
Maureen Paradise - HV 3590 LLC
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HV 3590 LLC
3582-3586 NY-32
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