201 Main St - Apartments FOR SALE


Maybrook, NY 12543
$525,000 USD
914-292-0105
201 Main St, Maybrook, NY for Sale
$525,000 USD
Apartments - FOR SALE
1/1
null | 7.03% Cap Rate

201 Main St
Maybrook, NY 12543


HIGHLIGHTS

  • Under-Market Rents
  • Under-Market Rents Including Water & Sewer
  • In Proximity To The Maybrook Metro-North Train Station, I- 84, & Stewart International Airport

OVERVIEW

201 Main St, Maybrook is a 5-unit multifamily property comprised of one 1-bedroom, three 2-bedrooms and one 3-bedroom apartment. Tenants pay all utilities including heat, hot water (individual heaters), electric and water/sewer (individual meters). Three out of the five tenants are month-to-month, while the other two are on 1-year leases. The current rental agreement incentivizes tenants to pay before the 1st of the month for a specified discount. Recent capital improvements include apartment 1 completely renovated this year, new 6” gutters, main and rear roofs stripped and re-roofed (2019-2020). Included in the deal is 300 Tower Ave, a 50x60 lot used for off-street parking.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

5

PRICE/UNIT

$105,000

CAP RATE

7.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,882 SF

ZONING

C

APN/PARCEL ID

334201-109-000-0002-029.100-0000

ASK ABOUT THIS PROPERTY

Anthony WatkinsThe Oak & Avery Group, LlcMore Info
914-292-0105

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Anthony WatkinsThe Oak & Avery Group, LlcMore Info
914-292-0105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.