150 Granite Road

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150 Granite Road

Accord, NY 12404
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential apartment building located in Accord, New York.
  • The property features a total of 5 individual units.
  • The asset is positioned within the Ulster County real estate market.
  • Suitable for investors focused on small-scale multi-family rental properties.
  • Located at 150 Granite Road in the 12404 zip code.

What's Special

Multi-family residential investors looking for stable income potential will find this 5-unit apartment building at 150 Granite Road a straightforward addition to a local portfolio. The property serves the Accord, New York market, situated in a region characterized by its rural landscape and proximity to the growing recreational and residential corridor of the Hudson Valley. This asset type is well-positioned to meet the ongoing demand for rental housing in this part of Ulster County, where tenants prioritize access to regional transit routes and local amenities. Given the current configuration of the building, the property is suitable for long-term hold strategies aimed at providing essential housing in a quiet community setting. The scale of the building allows for streamlined management and operational oversight while maintaining a consistent rental presence in the submarket. Its position in Accord provides a balanced lifestyle for residents who benefit from the area's natural surroundings and economic stability within the broader regional landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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