509 Old Rt 23

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509 Old Rt 23

Acra, NY 12413
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).

  • The property features two individual multifamily residential units.
  • Located at 509 Old Rt 23 in Acra, New York.
  • The site is situated within the scenic Catskill Mountain region.
  • This asset is well-suited for a small-scale rental investment.
  • The location provides access to regional transit and local highways.

What's Special

509 Old Rt 23 in Acra, NY, consists of a multifamily apartment building featuring two residential units. This property is positioned in Greene County, a region known for its proximity to the Catskill Mountains and a growing interest from those seeking access to regional outdoor recreation and scenic landscapes. The local economy benefits from year-round tourism and a steady influx of residents looking for small-town community character within a accessible distance to larger regional hubs. Given the configuration of the property, this asset is well-suited for investors seeking a manageable rental portfolio or a small-scale owner-occupied investment. The building serves the local housing demand for permanent residents and seasonal visitors in this quiet, rural setting. Its location offers direct connectivity to surrounding transit routes, making it a functional choice for tenants commuting throughout the Hudson Valley corridor. Prospective buyers may consider this as an income-generating addition to their existing real estate holdings.

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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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