509 Old Route 23

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509 Old Route 23

Acra, NY 12405
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).

  • Multifamily apartment building located in Acra, New York.
  • Property consists of three individual apartment units.
  • Situated within the popular Catskill Mountains region.
  • Strategic location in rural Greene County, New York.
  • Residential asset suitable for portfolio expansion efforts.

What's Special

Acra sits within the scenic Greene County landscape of upstate New York, providing a peaceful residential environment that appeals to those seeking proximity to the Catskill Mountains. This multifamily asset at 509 Old Route 23 consists of three apartment units. The property benefits from the regional popularity of the Catskills, which continues to attract both seasonal visitors and long-term residents drawn to the area’s outdoor recreational opportunities and proximity to regional hubs. Given the configuration, this building serves as a stable residential investment within a growing submarket known for its natural beauty and community atmosphere. Investors can evaluate the property for its potential to maintain steady occupancy within this rural-leaning corridor. The site represents a straightforward addition for those expanding a residential portfolio in Greene County.

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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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