87 Overlook Est, Saugerties, NY 12477
18 Unit Apartment Building | $3,500,000 ($194,444/Unit) | 8.02% Cap Rate | Saugerties, NY 12477
For Sale
Active
Asking Price $3,500,000
- Property Type
-
Multifamily
- Square Feet
- 18,000 SF
Listing Contacts
Greg Berardi
Property Overview
Apartment complex is located in the hamlet of Glasco, and along the banks of the Hudson River (about 100 miles +/- 1 hr, 45 min from NYC). This 16 residential unit (2-storey townhouse style) complex has 2 additional commercial rentals (Large & Smaller Garage) for a total of 18-units. The property consists of 6 buildings, most of the buildings were constructed around 1989 and the one 3-unit building (that has a 1 car garage for each unit), was constructed around 2017. Each unit is in Very good condition with excellent paying tenants. All roofs, exteriors and interiors are well kept and are in newer/renovated condition. The property has municipal water, sewer and natural gas. Most rents are well below market value, and month to month rental agreements. Please see associated doc's for additional information, projected rents for 2024/25 and pro-forma rent at more fair market rents.
Property Details
- Class
- C
- Year Built
- 1989
- Stories
- 2
- Lot Size (sq. ft)
- 100,188 SF
- Units
- 18
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