16 Third Street

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16 Third Street

Athens, NY 12015
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).

  • Two-unit multifamily residential building available for purchase
  • Located on Third Street in Athens, New York
  • Property features two distinct rental units for occupants
  • Positioned within the established Hudson Valley regional market
  • Suitable for long-term residential investment strategies

What's Special

Investors seeking to expand their residential holdings will find this two-unit apartment building at 16 Third Street a practical addition to an Athens, New York portfolio. The multifamily asset provides a straightforward opportunity for income generation within a historic riverside community that serves as a quiet alternative to larger urban centers. Its size and layout are suited for those looking to manage a small-scale rental property with direct oversight. Athens maintains a steady draw for residents who appreciate the scenic Hudson Valley geography and the regional economy supported by local small businesses and commuters. The building fits well within the village fabric, offering residents access to the character and walkability typical of Greene County locales. Prospective owners can utilize these units as long-term rentals or explore alternate arrangements consistent with local zoning regulations to maximize the property value over time. This building represents a manageable entry point for those targeting the multifamily sector in this specific submarket.

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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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