4076 Route 28

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4076 Route 28

Boiceville, NY 12412
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 Boiceville New York
  • Asset features a total of two residential units
  • Property is currently listed for sale to investors
  • Situated at the address of 4076 Route 28
  • Located within the region of the Catskill Mountains

What's Special

Investors seeking a residential holding in Boiceville will find this two-unit multifamily property at 4076 Route 28 a functional acquisition. The apartment building offers a straightforward configuration for those looking to expand a portfolio or manage a small-scale rental asset within this region of New York. Ulster County remains a notable area for its combination of natural surroundings and access to regional transit corridors, providing a steady demand for residential housing from local workers and individuals drawn to the Catskill region. This asset type is well-suited for a buy-and-hold strategy or long-term rental income generation. The manageable scale of two units allows for streamlined property management while maintaining a position in a distinct local market. Given its location and composition, this building presents a clear opportunity for participants in the residential real estate sector to secure a property within an established 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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